UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT
OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-2687
Name of Registrant: Vanguard Municipal Bond Funds
Address of Registrant:
P.O. Box 2600
Valley Forge, PA 194482
Name and address of agent for service:
Heidi Stam, Esquire
P.O. Box 876
Valley Forge, PA 19482
Registrant’s telephone number, including area code: (610) 669-1000
Date of fiscal year end: October 31
Date of reporting period: November 1, 2009 – October 31, 2010
Item 1: Reports to Shareholders
![](https://capedge.com/proxy/N-CSR/0000932471-11-000013/municipalbondfundsx1x1.jpg) |
Vanguard Municipal Bond Funds |
Annual Report |
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October 31, 2010 |
![](https://capedge.com/proxy/N-CSR/0000932471-11-000013/municipalbondfundsx1x2.jpg) |
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Vanguard Tax-Exempt Money Market Fund |
Vanguard Short-Term Tax-Exempt Fund |
Vanguard Limited-Term Tax-Exempt Fund |
Vanguard Intermediate-Term Tax-Exempt Fund |
Vanguard Long-Term Tax-Exempt Fund |
Vanguard High-Yield Tax-Exempt Fund |
> For the 12 months ended October 31, 2010, Vanguard Tax-Exempt Money Market Fund returned 0.14%, reflecting Federal Reserve policy that kept short-term interest rates low throughout the period.
> Vanguard’s longer-term Municipal Bond Funds posted returns ranging from almost 2% for the Short-Term Tax-Exempt Fund to close to 9% for the High-Yield Tax-Exempt Fund.
> Yields on municipal bonds slipped to historically low levels because of strong demand.
| |
Contents | |
Your Fund’s Total Returns | 1 |
Chairman’s Letter | 2 |
Advisor’s Report | 6 |
Tax-Exempt Money Market Fund | 8 |
Short-Term Tax-Exempt Fund | 34 |
Limited-Term Tax-Exempt Fund | 42 |
Intermediate-Term Tax-Exempt Fund | 50 |
Long-Term Tax-Exempt Fund | 58 |
High-Yield Tax-Exempt Fund | 66 |
About Your Fund’s Expenses | 75 |
Glossary | 77 |
Please note: The opinions expressed in this report are just that—informed opinions. They should not be considered promises or advice. Also, please keep in mind that the information and opinions cover the period through the date on the front of this report. Of course, the risks of investing in your fund are spelled out in the prospectus.
Cover photograph: Jean Maher.
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Your Fund’s Total Returns | | | | |
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Fiscal Year Ended October 31, 2010 | | | | | |
| | | | | | Taxable- |
| Ticker | Total | Income | Capital | | Equivalent |
Vanguard Tax-Exempt Fund | Symbol | Returns | Return | Return | Yield1 | Yield2 |
Money Market | VMSXX | 0.14% | 0.14% | 0.00% | 0.15% | 0.23% |
Short-Term | | | | | | |
Investor Shares | VWSTX | 1.82 | 1.38 | 0.44 | 0.57 | 0.88 |
Admiral™ Shares3 | VWSUX | 1.90 | 1.46 | 0.44 | 0.65 | 1.00 |
Limited-Term | | | | | | |
Investor Shares | VMLTX | 4.04 | 2.40 | 1.64 | 1.05 | 1.62 |
Admiral Shares3 | VMLUX | 4.12 | 2.48 | 1.64 | 1.13 | 1.74 |
Intermediate-Term | | | | | | |
Investor Shares | VWITX | 6.95 | 3.81 | 3.14 | 2.47 | 3.80 |
Admiral Shares3 | VWIUX | 7.03 | 3.89 | 3.14 | 2.55 | 3.92 |
Long-Term | | | | | | |
Investor Shares | VWLTX | 7.52 | 4.50 | 3.02 | 3.17 | 4.88 |
Admiral Shares3 | VWLUX | 7.61 | 4.59 | 3.02 | 3.25 | 5.00 |
High-Yield | | | | | | |
Investor Shares | VWAHX | 8.76 | 4.76 | 4.00 | 3.57 | 5.49 |
Admiral Shares3 | VWALX | 8.85 | 4.85 | 4.00 | 3.65 | 5.62 |
Your Fund’s Performance at a Glance
October 31, 2009–October 31, 2010
| | | | |
| | | Distributions Per Share |
| Starting | Ending | Income | Capital |
Vanguard Tax-Exempt Fund | Share Price | Share Price | Dividends | Gains |
Money Market | $1.00 | $1.00 | $0.001 | $0.000 |
Short-Term | | | | |
Investor Shares | 15.88 | 15.95 | 0.217 | 0.000 |
Admiral Shares | 15.88 | 15.95 | 0.230 | 0.000 |
Limited-Term | | | | |
Investor Shares | 10.97 | 11.15 | 0.259 | 0.000 |
Admiral Shares | 10.97 | 11.15 | 0.268 | 0.000 |
Intermediate-Term | | | | |
Investor Shares | 13.38 | 13.80 | 0.495 | 0.000 |
Admiral Shares | 13.38 | 13.80 | 0.506 | 0.000 |
Long-Term | | | | |
Investor Shares | 10.92 | 11.25 | 0.475 | 0.000 |
Admiral Shares | 10.92 | 11.25 | 0.484 | 0.000 |
High-Yield | | | | |
Investor Shares | 10.26 | 10.67 | 0.470 | 0.000 |
Admiral Shares | 10.26 | 10.67 | 0.479 | 0.000 |
1 7-day SEC yield for the Tax-Exempt Money Market Fund; 30-day SEC yield for the other funds.
2 This calculation, which assumes a typical itemized tax return, is based on the maximum federal income tax rate of 35%. State and local taxes were not considered. Please see the prospectus for a detailed explanation of the calculation.
3 Admiral Shares carry lower expenses and are available to investors who meet certain account-balance requirements.
1
![](https://capedge.com/proxy/N-CSR/0000932471-11-000013/municipalbondfundsx4x1.jpg)
Chairman’s Letter
Dear Shareholder,
With the exception of our Tax-Exempt Money Market Fund, Vanguard’s municipal bond funds achieved solid returns for the fiscal year ended October 31, 2010. As I’m sure you know, both taxable and tax-exempt money market funds have been hobbled by Federal Reserve policy that has pushed their returns virtually to zero.
Steady demand for tax-exempt bonds, fueled in part by investors seeking higher yields than money market funds could provide, helped produce returns ranging from 1.82% for the Short-Term Tax-Exempt Fund to 8.76% for the High-Yield Tax-Exempt Fund (both figures are for Investor Shares). The latter fund, which can invest up to a fifth of its assets in below-investment-grade bonds, also benefited from the greater appetite for risk that has characterized many investors’ decisions since early 2009. The funds’ fiscal 2010 returns weren’t as strong as those a year earlier, when unsettled markets snapped back from the global credit crunch.
Investors’ interest in municipals hasn’t been dampened by the much-publicized budgetary stress being experienced by state and local governments. These recession-induced strains, which are expected to linger for the immediate future, underscore longer-term challenges, such as the financing of promised retiree benefits. We believe that states and municipalities have the capability to close budgetary and financing gaps, although the process will certainly be difficult and some aspects of it may take time. Please be assured that our experienced credit analysts will be closely monitoring developments and their implications for our portfolios.
Yields declined over the past 12 months for all of the bond funds. Indeed, municipal bond yields in general declined to historical lows. As of October 31, the funds’ yields ranged from 0.57% for the Short-Term Fund’s Investor Shares to 3.65% for the High-Yield Fund’s Admiral Shares. Note that, on a taxable-equivalent basis, the yields were higher, as shown on page 1.
Please note that on October 6, Vanguard broadened the availability of our lower-cost Admiral Shares. We reduced the Admiral minimums on most of our actively managed funds to $50,000 from $100,000 as part of our ongoing efforts to lower the cost of investing for our clients.
| | | |
Market Barometer | | | |
| | Average Annual Total Returns |
| | Periods Ended October 31, 2010 |
| One Year | Three Years | Five Years |
Bonds | | | |
Barclays Capital U.S. Aggregate Bond Index | | | |
(Broad taxable market) | 8.01% | 7.23% | 6.45% |
Barclays Capital Municipal Bond Index | | | |
(Broad tax-exempt market) | 7.78 | 5.79 | 5.20 |
Citigroup 3-Month Treasury Bill Index | 0.12 | 0.89 | 2.41 |
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Stocks | | | |
Russell 1000 Index (Large-caps) | 17.67% | –6.14% | 1.99% |
Russell 2000 Index (Small-caps) | 26.58 | –3.91 | 3.07 |
Dow Jones U.S. Total Stock Market Index | 19.04 | –5.55 | 2.52 |
MSCI All Country World Index ex USA (International) | 13.08 | –7.62 | 6.21 |
|
CPI | | | |
Consumer Price Index | 1.17% | 1.54% | 1.89% |
2
Despite shrinking yields, bonds attracted investors’ dollars
Although fixed income yields have fallen to generational lows, investors have continued to bid up bond prices. The broad taxable U.S. bond market produced a 12-month return of about 8%, with the overall tax-exempt market only slightly behind. Meanwhile, the yield of the 10-year U.S. Treasury note fell from 3.39% at the start of the period to 2.61% at the close.
Bond prices and yields move in opposite directions, of course, so abundant returns built on rising prices could mean leaner pickings in the years ahead.
Stock market performance was better than it felt
Global stock prices rallied at the start of the period, but struggled through the spring and summer, weighed down by Europe’s sovereign debt crisis and the slow pace of economic recovery in the United States. In the fiscal year’s final months, the mood turned. Stock prices climbed on continued strength in corporate earnings. In the United States, stocks also seemed to get a boost from the Federal Reserve Board’s hints that it would try to stimulate the economy with a second round of U.S. Treasury bond purchases. (In early November, the Fed announced that it would buy as much as $600 billion in Treasuries.)
For the 12 months, the broad U.S. stock market returned about 19%, a performance that was better than it felt in a year of ups and downs. Small-capitalization stocks did even better. International stocks returned about 13% on the strength of a powerful rally in emerging markets and solid single-digit gains in developed markets in Europe and the Pacific region.
Yield-hungry investors helped support bond prices
Some of the same themes that character- ized our funds’ performance a year ago were again in evidence during fiscal 2010.
At the short end, Vanguard Tax-Exempt Money Market Fund returned a paltry 0.14%, the lowest annual return in the fund’s 30-year history, but still above the average return of 0% posted by peer-group funds. Our fund stayed ahead largely because of its very low expense ratio, an important advantage given that expenses are deducted from returns. You can see the significant difference in expense ratios between the Vanguard funds and their peer-group averages in the table on page 5.
Muni investors seeking higher yields instead flocked to bond funds, especially those with average maturities in the one- to six-year range. These include the Short-Term Tax-Exempt Fund (which returned +1.82%), the Limited-Term Tax-Exempt Fund (+4.04%), and the Intermediate-Term Tax-Exempt Fund (+6.95%). (All returns are for Investor Shares.) Astute bond selection and lower expense ratios helped the funds to stay a few steps ahead of the average returns for their peers.
During the year, several factors outside the tax-exempt market stoked demand for muni bonds. One of these was the possibility of higher federal income tax rates after 2010; another was fear that some European nations would default on their bonds, a concern that sent many investors to the perceived safety of municipals and U.S. Treasuries. Whatever its source, demand for bonds has the dual effect of raising their prices and lowering their yields. Over the past 12 months this strong demand, coupled with the tardy pace of the U.S. economy’s emergence from recession, sent municipal bond market yields to historic lows.
For the longest-maturity municipal bonds, such as those held by our Long-Term Tax-Exempt Fund, yet another factor lifted prices: a shrinking supply of traditional tax-exempt bonds. States and local governments have been favoring federally subsidized Build America Bonds, created in 2009 as part of the federal economic stimulus package, as their source of long-term funding. Build America Bonds, which are taxable, have widened the municipal market to investors worldwide and account for perhaps a quarter of new municipal bond issuance. The Long-Term Tax-Exempt Fund returned 7.52% for Investor Shares, roughly in line with the average return of peer funds. (Authority to issue Build America Bonds is scheduled to expire on December 31, 2010. It’s not certain whether a subsidized bond option will continue to be available to states and local governments after that date.)
The High-Yield Tax-Exempt Fund returned 8.76% for Investor Shares. The fund trailed the average return of its peers by about three percentage points, not an unusual result during market upswings when investors typically favor riskier assets. High-yield funds typically invest in the riskiest bonds, but our fund is more conservative than many of its competitors. The advisor can invest no more than a fifth of the fund’s assets in below-investment-grade bonds; at least 80% of the fund’s assets must be in investment-grade issues—a strategy that has worked to the fund’s benefit in periods of greater risk-aversion.
3
A ten-year perspective highlights successful results
We believe that investing should be a long-term proposition. Moreover, a long-term view allows you to gauge how a fund has performed through a variety of market cycles and economic conditions.
Over the long term, Vanguard’s advantages—skilled advisors, insightful credit analysis, low costs, and an emphasis on high-quality investments—show up particularly strongly. As you can see in the table on page 5, the Vanguard tax-exempt funds have outpaced their competitive peers by significant margins in average annual returns over the past ten years.
Insightful credit analysis is an important investor resource
State and local governments are going through a difficult period. The deep down-turn has undercut the normal sources of operating revenue, such as income, sales, and real estate taxes, and has highlighted poor spending choices or underfunded promises. We’re confident that muni issuers can do what’s necessary to make ends meet and shore up their financial foundations for the future.
Of course, progress may not be smooth. Moreover, historical circumstances and the uniqueness of individual regions make each governmental entity’s situation unique. That is why we perform our own careful and thorough credit analysis, independent of credit-rating agencies.
Even with such careful analysis, the financial markets can be full of surprises. That is why we believe an effective strategy for individual investors is to develop a low-cost portfolio that is balanced among asset classes, such as stocks, bonds, and cash investments, in proportions suited to one’s personal risk tolerance, time horizon, and goals. Equally important is diversification within asset classes. Particularly for investors in higher tax brackets, the Vanguard Municipal Bond Funds can play a useful role in such a portfolio.
As always, thank you for entrusting your assets to Vanguard.
Sincerely,
![](https://capedge.com/proxy/N-CSR/0000932471-11-000013/municipalbondfundsx6x1.jpg)
F. William McNabb III
Chairman and Chief Executive Officer
November 12, 2010
4
Total Returns
Fiscal Year Ended October 31, 2010
| | |
| Vanguard | Peer-Group |
Tax-Exempt Fund Investor Shares | Fund | Average1 |
Money Market | 0.14% | 0.00% |
Short-Term | 1.82 | 1.46 |
Limited-Term | 4.04 | 3.20 |
Intermediate-Term | 6.95 | 6.69 |
Long-Term | 7.52 | 7.60 |
High-Yield | 8.76 | 11.46 |
Total Returns
Ten Years Ended October 31, 2010
| | |
| Average Annual Return |
| Vanguard | Peer-Group |
Tax-Exempt Fund Investor Shares | Fund | Average1 |
Money Market | 1.90% | 1.39% |
Short-Term | 2.93 | 1.60 |
Limited-Term | 3.79 | 3.09 |
Intermediate-Term | 4.86 | 4.38 |
Long-Term | 5.33 | 4.46 |
High-Yield | 5.31 | 4.08 |
The figures shown represent past performance, which is not a guarantee of future results. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost.
Expense Ratios2
Your Fund Compared With Its Peer Group
| | | |
| Investor | Admiral | Peer-Group |
Tax-Exempt Fund | Shares | Shares | Average1 |
Money Market | 0.17% | — | 0.65% |
Short-Term | 0.20 | 0.12% | 0.66 |
Limited-Term | 0.20 | 0.12 | 0.80 |
Intermediate-Term | 0.20 | 0.12 | 0.88 |
Long-Term | 0.20 | 0.12 | 1.04 |
High-Yield | 0.20 | 0.12 | 1.15 |
1 Peer groups are: for the Tax-Exempt Money Market Fund, Tax-Exempt Money Market Funds; for the Short-Term Tax-Exempt Fund, 1–2 Year Municipal Funds; for the Limited-Term Tax-Exempt Fund, 1–5 Year Municipal Funds; for the Intermediate-Term Tax Exempt Fund, Intermediate Municipal Funds; for the Long-Term Tax-Exempt Fund, General Municipal Funds; and for the High-Yield Tax-Exempt Fund, High Yield Municipal Funds. Peer-group values are derived from data provided by Lipper Inc. and capture data through year-end 2009.
2 The fund expense ratios shown are from the prospectus dated April 22, 2010, and represent estimated costs for the current fiscal year. For the fiscal year ended October 31, 2010, expense ratios were: for the Tax-Exempt Money Market Fund, 0.17%; for the Short-Term Tax-Exempt Fund, 0.20% for Investor Shares and 0.12% for Admiral Shares; for the Limited-Term Tax-Exempt Fund, 0.20% for Investor Shares and 0.12% for Admiral Shares; for the Intermediate-Term Tax-Exempt Fund, 0.20% for Investor Shares and 0.12% for Admiral Shares; for the Long-Term Tax-Exempt Fund, 0.20% for Investor Shares and 0.12% for Admiral Shares; for the High-Yield Tax-Exempt Fund, 0.20% for Investor Shares and 0.12% for Admiral Shares.
5
Advisor’s Report
For the fiscal year ended October 31, 2010, the Vanguard Municipal Bond Funds posted returns that ranged from 0.14% for the Tax-Exempt Money Market Fund to 8.85% for the Admiral Shares of the High-Yield Tax-Exempt Fund. Four of the six funds outperformed their peer-group averages, while the Long-Term and High-Yield Tax-Exempt Funds trailed the average returns of their peers.
The investment environment
In many ways, the investing environment during fiscal 2010—including questions about the impact of some market-shaping events—represented a continuation of the themes from the prior fiscal year.
At the short-maturity end of the yield curve, the Federal Reserve maintained its 22-month-old near-zero target for the federal funds rate in an effort to quicken the pace of economic recovery. This drove returns offered by money market and short-duration funds to historic lows. As the pace of economic recovery remained sluggish, the Federal Reserve took another step to lower rates. With no further room to maneuver in the short end of the yield curve, the Fed ended months of speculation on November 3 by announcing that it would buy Treasury bonds, concentrating on purchasing securities with maturities of less than 10 years. Historically, municipal bond yields can be influenced by the movement in Treasury prices.
The intermediate-term portion of the muni yield curve had already been under pressure as money market and shorter-maturity investors, in fiscal 2009 and more so in fiscal 2010, turned to securities with slightly longer maturities for higher levels of tax-exempt income, which eventually drove yields down further in response to the greater demand. As in the prior fiscal year, investors were also willing to invest in lower-rated securities in an effort to increase the level of tax-exempt income.
At the longest-term portion of the muni yield curve, the 19-month-old Build America Bonds program continued to have an impact on supply and yields. These bonds are the taxable and federally subsidized municipal securities that were created as part of American Recovery and Reinvestment Act of 2009 to help fiscally stressed state and local governments reduce debt-financing costs. Bond issuance has exceeded expectations: Since the subsidy program began, states and local governments have floated more than $150 billion of the bonds as of October, concentrated in long-duration issues. This has had the effect of reducing the supply of traditional long-term tax-exempts, pushing down their yields in the face of persistent demand for them. The Build America Bonds program is set to expire on December 31, 2010, but there is a chance that it could be extended by Congress.
The clock was also ticking for federal tax rates under “sunset” provisions of current tax law. Unless Congress takes action, tax rates will rise after the end of calendar 2010. The possibility of higher tax rates in the future supported demand for municipals in the period, with an additional boost from investors who were concerned about Europe’s sovereign debt crisis. Although much-discussed in Washington, the future direction of federal tax policy, especially in light of the midterm elections, remained unknown at the end of the fiscal year.
The confluence of these demand factors drove the municipal bond yield curve to historical lows in August and September. For our municipal bond funds, the slide in yields over the year ended October 31 ranged from 26 basis points for our Short-Term Tax-Exempt Bond Fund (to 0.57% for Investor Shares) to 57 basis
Yields of Municipal Bonds
(AAA-Rated General-Obligation Issues)
| | |
| October 31, | October 31, |
Maturity | 2009 | 2010 |
2 years | 0.70% | 0.46% |
5 years | 1.85 | 1.20 |
10 years | 3.03 | 2.51 |
30 years | 4.23 | 3.86 |
Source: Vanguard.
6
points for the High-Yield Tax-Exempt Fund (to 3.47% for Investor Shares). Because of the Fed’s policy on short-term interest rates, the Vanguard Tax-Exempt Money Market Fund’s yield stood at 0.15%, essentially unchanged from a year earlier.
Management of the funds
In carrying out our investment activities, we have, as always, relied on our own independent analysis, a practice that assumes even greater importance because of the fiscal stress that states and local governments have been under amid the worst recession since the Depression. The recession was declared to have officially ended in June 2009, but—as in previous economic recoveries—it takes time for higher personal and business income to flow through the tax system.
Given the depth of the most recent recession, we would expect any improvement in the municipal sector to be uneven and lag behind the general economic recovery. There is natural concern among investors about the health of municipal securities. Keep in mind that our staff of highly experienced analysts weighs in on potential additions to our portfolios and rejects those that don’t meet our high quality standards. We expect that states and local governments will make the tough decisions about taxes and service levels necessary to balance their budgets in the short term and address longer-term challenges, such as adequately funding retiree benefits. It’s a process that, in the give-and-take of the political arena, will admittedly be bumpy at best.
Among specific areas of interest during the fiscal year, we have continued to add health care credits from across the investment-grade credit spectrum. We have also focused on airport bonds as an area of relative value. This is because another provision of the recovery act temporarily lifted the alternative minimum tax on “private-activity” municipal bonds, which are normally taxable because they help finance private projects.
In response to the level of uncertainty about the pace of the economic recovery, we maintained a neutral average weighted duration in each fund compared with its benchmark. As a consequence, interest rate positioning had no meaningful impact on performance.
Christopher W. Alwine, CFA, Principal, Head of Municipal Bond Group
Marlin G. Brown, Portfolio Manager
Mathew M. Kiselak, Principal, Portfolio Manager
Michael G. Kobs, Portfolio Manager
Pamela Wisehaupt Tynan, Principal, Portfolio Manager
Vanguard Fixed Income Group
November 17, 2010
7
Tax-Exempt Money Market Fund
Fund Profile
As of October 31, 2010
| |
Financial Attributes | |
|
Yield1 | 0.15% |
Average Weighted Maturity | 33 days |
Expense Ratio2 | 0.17% |
| |
Largest Area Concentrations | |
|
Texas | 13.8% |
Illinois | 4.8 |
North Carolina | 4.5 |
Florida | 4.2 |
Georgia | 4.2 |
New York | 3.6 |
Washington | 3.4 |
Tennessee | 3.4 |
Michigan | 3.1 |
Indiana | 3.0 |
Top Ten | 48.0% |
| |
Distribution by Credit Quality (% of portfolio) |
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First Tier | 100.0% |
Second Tier | 0.0 |
For information about these ratings, see the Glossary entry for Credit Quality. |
| |
1 7-day SEC yield. See the Glossary.
2 The expense ratio shown is from the prospectus dated April 22, 2010, and represents estimated costs for the current fiscal year. For the fiscal year ended October 31, 2010, the expense ratio was 0.17%.
8
Tax-Exempt Money Market Fund
Performance Summary
Investment returns will fluctuate. All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.) The returns shown do not reflect taxes that a shareholder would pay on fund distributions. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund. The fund’s 7-day SEC yield reflects its current earnings more closely than do the average annual returns.
Cumulative Performance: October 31, 2000–October 31, 2010
Initial Investment of $10,000
![](https://capedge.com/proxy/N-CSR/0000932471-11-000013/municipalbondfundsx11x1.jpg)
| | | | |
| | Average Annual Total Returns | Final Value |
| | Periods Ended October 31, 2010 | of a $10,000 |
| One Year | Five Years | Ten Years | Investment |
Tax-Exempt Money Market Fund | 0.14% | 2.05% | 1.90% | $12,068 |
Tax-Exempt Money Market Funds Average1 | 0.00 | 1.58 | 1.39 | 11,479 |
1 Derived from data provided by Lipper Inc.
See Financial Highlights for dividend information.
9
| | |
Tax-Exempt Money Market Fund | | |
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|
|
Fiscal-Year Total Returns (%): October 31, 2000–October 31, 2010 | | |
|
| Tax-Exempt | |
Fiscal | Money Market | Peer-Group |
Year | Fund | Average1 |
2001 | 3.2% | 2.7% |
2002 | 1.5 | 0.9 |
2003 | 1.0 | 0.5 |
2004 | 1.0 | 0.5 |
2005 | 2.1 | 1.5 |
2006 | 3.3 | 2.6 |
2007 | 3.6 | 3.0 |
2008 | 2.6 | 2.0 |
2009 | 0.6 | 0.3 |
2010 | 0.1 | 0.0 |
7-day SEC yield (10/31/2010): 0.15% | | |
Average Annual Total Returns: Periods Ended September 30, 2010
This table presents average annual total returns through the latest calendar quarter—rather than through the end of the fiscal period. Securities and Exchange Commission rules require that we provide this information.
| | | | | | |
| | | | | | Ten Years |
| Inception Date | One Year | Five Years | Capital | Income | Total |
Tax-Exempt Money Market | 6/10/1980 | 0.14% | 2.09% | 0.00% | 1.93% | 1.93% |
1 Average return for Tax-Exempt Money Market Funds is derived from data provided by Lipper Inc.
10
Tax-Exempt Money Market Fund
Financial Statements
Statement of Net Assets
As of October 31, 2010
The fund reports a complete list of its holdings in regulatory filings four times in each fiscal year, at the quarter-ends. For the second and fourth fiscal quarters, the lists appear in the fund’s semiannual and annual reports to shareholders. For the first and third fiscal quarters, the fund files the lists with the Securities and Exchange Commission on Form N-Q. Shareholders can look up the fund’s Forms N-Q on the SEC’s website at sec.gov. Forms N-Q may also be reviewed and copied at the SEC’s Public Reference Room (see the back cover of this report for further information). In addition, the fund publishes its holdings on a monthly basis at vanguard.com.
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Tax-Exempt Municipal Bonds (96.1%) | | | | |
Alabama (0.6%) | | | | |
1 Alabama Housing Finance Auth. TOB VRDO | 0.340% | 11/5/10 LOC | 8,700 | 8,700 |
1 Alabama Public School & College Auth. TOB VRDO | 0.280% | 11/5/10 | 16,450 | 16,450 |
1 Alabama Public School & College Auth. TOB VRDO | 0.290% | 11/5/10 | 9,000 | 9,000 |
1 Alabama Special Care Fac. Financing Auth. (Ascension Health) TOB VRDO | 0.280% | 11/5/10 | 6,775 | 6,775 |
Birmingham AL Public Educ. Building Student Housing Rev. (Univ. Alabama Project) VRDO | 0.280% | 11/5/10 LOC | 4,400 | 4,400 |
Homewood Alabama Educ. Building Auth. Rev. (Samford Univ.) VRDO | 0.300% | 11/5/10 LOC | 25,000 | 25,000 |
Mobile AL IDR (Kimberly-Clark Tissue Co.) VRDO | 0.300% | 11/5/10 | 33,550 | 33,550 |
Mobile AL Infirmary Health System Special Care Fac. Financing Auth. Rev. | | | | |
(Infirmary Health System, Inc.) | 0.250% | 11/5/10 LOC | 3,000 | 3,000 |
| | | | 106,875 |
Alaska (0.2%) | | | | |
1 Alaska Housing Finance Corp. TOB VRDO | 0.270% | 11/5/10 LOC | 5,015 | 5,015 |
1 Alaska State International Airports System Rev. TOB VRDO | 0.570% | 11/5/10 | 1,910 | 1,910 |
1 Anchorage AK Water Rev. TOB VRDO | 0.330% | 11/5/10 | 15,295 | 15,295 |
North Slope Borough AK GO | 2.000% | 6/30/11 | 9,800 | 9,907 |
| | | | 32,127 |
Arizona (2.3%) | | | | |
Arizona Health Fac. Auth. Rev. (Banner Health) VRDO | 0.260% | 11/5/10 LOC | 45,255 | 45,255 |
Arizona Health Fac. Auth. Rev. (Banner Health) VRDO | 0.260% | 11/5/10 LOC | 24,505 | 24,505 |
Arizona Health Fac. Auth. Rev. (Banner Health) VRDO | 0.270% | 11/5/10 LOC | 73,790 | 73,790 |
Arizona Health Fac. Auth. Rev. (Banner Health) VRDO | 0.270% | 11/5/10 LOC | 51,220 | 51,220 |
Arizona Transp. Board Highway Rev. | 5.000% | 7/1/11 | 5,675 | 5,851 |
1 Arizona Transp. Board Highway Rev. TOB VRDO | 0.280% | 11/5/10 | 7,860 | 7,860 |
1 Arizona Transp. Board Highway Rev. TOB VRDO | 0.280% | 11/5/10 | 7,900 | 7,900 |
1 Gilbert AZ GO TOB VRDO | 0.270% | 11/5/10 | 27,590 | 27,590 |
1 Maricopa County AZ Public Finance Corp. Lease Rev. TOB VRDO | 0.270% | 11/5/10 | 11,675 | 11,675 |
1 Phoenix AZ Civic Improvement Corp. Transit Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 30,770 | 30,770 |
1 Phoenix AZ Civic Improvement Corp. Transit Rev. TOB VRDO | 0.290% | 11/5/10 (13) | 7,700 | 7,700 |
1 Phoenix AZ Civic Improvement Corp. Wastewater System Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 20,565 | 20,565 |
1 Phoenix AZ Civic Improvement Corp. Water System Rev. TOB VRDO | 0.280% | 11/5/10 | 8,240 | 8,240 |
1 Phoenix AZ Civic Improvement Corp. Water System Rev. TOB VRDO | 0.280% | 11/5/10 | 4,995 | 4,995 |
1 Phoenix AZ GO TOB VRDO | 0.270% | 11/5/10 | 16,930 | 16,930 |
1 Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. TOB VRDO | 0.270% | 11/5/10 | 6,500 | 6,500 |
1 Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. TOB VRDO | 0.280% | 11/5/10 | 8,500 | 8,500 |
1 Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. TOB VRDO | 0.280% | 11/5/10 | 4,635 | 4,635 |
1 Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. TOB VRDO | 0.280% | 11/5/10 | 6,450 | 6,450 |
1 Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. TOB VRDO | 0.280% | 11/5/10 | 4,995 | 4,995 |
1 Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. TOB VRDO | 0.280% | 11/5/10 | 7,085 | 7,085 |
1 Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. TOB VRDO | 0.280% | 11/5/10 | 4,560 | 4,560 |
1 Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. TOB VRDO | 0.280% | 11/5/10 | 16,000 | 16,000 |
Tempe AZ Transit Excise Tax Rev. VRDO | 0.280% | 11/5/10 | 14,045 | 14,045 |
| | | | 417,616 |
California (2.4%) | | | | |
California GO VRDO | 0.250% | 11/5/10 LOC | 23,150 | 23,150 |
California Housing Finance Agency Home Mortgage Rev. VRDO | 0.270% | 11/5/10 LOC | 1,600 | 1,600 |
East Bay CA Muni. Util. Dist. Water System Rev. PUT | 0.280% | 12/1/10 | 19,720 | 19,720 |
Kern County CA TRAN | 1.500% | 6/30/11 | 50,000 | 50,339 |
1 Los Angeles CA Dept. of Water & Power Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 6,230 | 6,230 |
Los Angeles CA TRAN | 2.000% | 3/31/11 | 80,000 | 80,476 |
Los Angeles CA TRAN | 2.000% | 4/21/11 | 24,000 | 24,157 |
Los Angeles County CA TRAN | 2.000% | 6/30/11 | 85,000 | 85,641 |
1 Nuveen California Select Quality Municipal Fund VRDP VRDO | 0.530% | 11/5/10 LOC | 26,000 | 26,000 |
Riverside County CA TRAN | 2.000% | 3/31/11 | 22,200 | 22,343 |
San Bernardino County CA TRAN | 2.000% | 6/30/11 | 25,000 | 25,263 |
11
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
San Francisco CA City & County International Airport Rev. VRDO | 0.280% | 11/5/10 LOC | 15,000 | 15,000 |
South Coast CA Local Educ. Agencies TRAN | 2.000% | 8/9/11 | 20,000 | 20,211 |
Turlock CA Irrigation Dist. Rev. BAN | 0.750% | 8/12/11 | 50,000 | 50,000 |
| | | | 450,130 |
Colorado (2.8%) | | | | |
1 Board of Governors of the Colorado State University System Rev. TOB VRDO | 0.270% | 11/29/10 LOC | 21,995 | 21,995 |
Castle Rock CO COP VRDO | 0.300% | 11/5/10 LOC | 10,600 | 10,600 |
Colorado Educ. & Cultural Fac. Auth. Rev. (National Jewish Federation Bond Program) VRDO | 0.280% | 11/1/10 LOC | 29,780 | 29,780 |
Colorado Educ. & Cultural Fac. Auth. Rev. (National Jewish Federation Bond Program) VRDO | 0.280% | 11/1/10 LOC | 10,380 | 10,380 |
Colorado Educ. & Cultural Fac. Auth. Rev. (National Jewish Federation Bond Program) VRDO | 0.280% | 11/1/10 LOC | 15,315 | 15,315 |
Colorado Educ. & Cultural Fac. Auth. Rev. (Nature Conservancy Project) VRDO | 0.260% | 11/5/10 | 11,164 | 11,164 |
Colorado Health Fac. Auth. Rev. (Evangelical) VRDO | 0.270% | 11/5/10 LOC | 3,100 | 3,100 |
Colorado Health Fac. Auth. Rev. (Exempla Inc.) VRDO | 0.280% | 11/5/10 LOC | 6,815 | 6,815 |
1 Colorado Health Fac. Auth. Rev. (Sisters of Charity of Leavenworth Health System) TOB VRDO | 0.280% | 11/5/10 | 4,000 | 4,000 |
1 Colorado Housing & Finance Auth. (Single Family Mortgage) TOB VRDO | 0.380% | 11/5/10 (7) | 2,755 | 2,755 |
Colorado Housing & Finance Auth. Multi-Family Mortgage Bonds Rev VRDO | 0.270% | 11/5/10 | 10,700 | 10,700 |
Colorado Housing & Finance Auth. Multi-Family Mortgage Bonds Rev VRDO | 0.340% | 11/5/10 | 11,800 | 11,800 |
Colorado Housing & Finance Auth. Multi-Family Mortgage Bonds Rev. VRDO | 0.270% | 11/5/10 | 19,825 | 19,825 |
Colorado Housing & Finance Auth. Multi-Family Mortgage Bonds Rev. VRDO | 0.310% | 11/5/10 | 59,510 | 59,510 |
Colorado Housing & Finance Auth. Single Family Mortgage Bonds Rev. VRDO | 0.250% | 11/5/10 LOC | 7,825 | 7,825 |
Colorado Housing & Finance Auth. Single Family Mortgage Bonds Rev. VRDO | 0.260% | 11/5/10 LOC | 22,730 | 22,730 |
Colorado Housing & Finance Auth. Single Family Mortgage Bonds Rev. VRDO | 0.260% | 11/5/10 LOC | 17,690 | 17,690 |
Colorado Housing & Finance Auth. Single Family Mortgage Bonds Rev. VRDO | 0.270% | 11/5/10 | 25,025 | 25,025 |
Colorado Housing & Finance Auth. Single Family Mortgage Bonds Rev. VRDO | 0.270% | 11/5/10 | 31,000 | 31,000 |
Colorado Housing & Finance Auth. Single Family Mortgage Bonds Rev. VRDO | 0.280% | 11/5/10 LOC | 9,500 | 9,500 |
Colorado Housing & Finance Auth. Single Family Mortgage Bonds Rev. VRDO | 0.290% | 11/5/10 | 12,500 | 12,500 |
Colorado Housing & Finance Auth. Single Family Mortgage Bonds Rev. VRDO | 0.290% | 11/5/10 | 10,355 | 10,355 |
Colorado Housing & Finance Auth. Single Family Mortgage Bonds Rev. VRDO | 0.300% | 11/5/10 | 23,000 | 23,000 |
Colorado Housing & Finance Auth. Single Family Mortgage Bonds Rev. VRDO | 0.310% | 11/5/10 LOC | 12,000 | 12,000 |
Colorado Housing & Finance Auth. Single Family Mortgage Bonds Rev. VRDO | 0.310% | 11/5/10 | 16,095 | 16,095 |
1 Colorado Regional Transp. Dist. Sales Tax Rev. TOB VRDO | 0.300% | 11/5/10 | 11,445 | 11,445 |
Colorado Springs CO Util. System Rev. VRDO | 0.260% | 11/5/10 | 11,000 | 11,000 |
Denver CO Urban Renewal Auth. Tax Increment Rev. (Stapleton) VRDO | 0.280% | 11/5/10 LOC | 14,735 | 14,735 |
1 El Paso CO TOB VRDO | 0.270% | 11/5/10 LOC | 11,135 | 11,135 |
Moffat County CO PCR (PacifiCorp) VRDO | 0.270% | 11/5/10 LOC | 14,900 | 14,900 |
Univ. of Colorado Hosp. Auth. Rev. VRDO | 0.270% | 11/5/10 LOC | 16,140 | 16,140 |
Univ. of Colorado Hosp. Auth. Rev. VRDO | 0.270% | 11/5/10 LOC | 40,995 | 40,995 |
| | | | 525,809 |
Connecticut (0.2%) | | | | |
Connecticut GO BAN | 2.000% | 5/19/11 | 25,000 | 25,212 |
1 Connecticut State Health & Educ. Fac. Auth. (Yale Univ.) TOB VRDO | 0.250% | 11/5/10 | 5,000 | 5,000 |
1 Connecticut State Health & Educ. Fac. Auth. (Yale Univ.) TOB VRDO | 0.280% | 11/5/10 | 7,300 | 7,300 |
1 Connecticut State Health & Educ. TOB VRDO | 0.250% | 11/5/10 | 2,700 | 2,700 |
| | | | 40,212 |
Delaware (0.2%) | | | | |
Delaware Health Fac. Auth. Rev. (Bay Health Medical) VRDO | 0.250% | 11/5/10 LOC | 4,845 | 4,845 |
1 Delaware Housing Auth. Rev. TOB VRDO | 0.340% | 11/5/10 | 6,950 | 6,950 |
1 Delaware Housing Auth. Single Family Mortgage Rev. TOB VRDO | 0.520% | 11/5/10 | 3,880 | 3,880 |
New Castle County DE Airport Fac. Rev. (FlightSafety) VRDO | 0.300% | 11/5/10 | 24,665 | 24,665 |
| | | | 40,340 |
District of Columbia (1.4%) | | | | |
1 District of Columbia COP TOB VRDO | 0.270% | 11/5/10 LOC | 17,490 | 17,490 |
1 District of Columbia GO TOB VRDO | 0.270% | 11/5/10 LOC | 22,810 | 22,810 |
District of Columbia GO VRDO | 0.320% | 11/5/10 LOC | 7,700 | 7,700 |
District of Columbia Rev. (Center for Strategic and International Studies, Inc. Issue) VRDO | 0.250% | 11/5/10 LOC | 6,730 | 6,730 |
District of Columbia Rev. (Council Foreign Relations) VRDO | 0.290% | 11/5/10 LOC | 37,680 | 37,680 |
District of Columbia Rev. (Family & Child Services) VRDO | 0.500% | 11/5/10 LOC | 6,160 | 6,160 |
District of Columbia Rev. (Henry J. Kaiser Family Foundation) VRDO | 0.280% | 11/5/10 | 12,000 | 12,000 |
District of Columbia Rev. (John F. Kennedy Center) VRDO | 0.300% | 11/5/10 LOC | 9,900 | 9,900 |
District of Columbia Rev. (Society for Neuroscience) VRDO | 0.350% | 11/5/10 LOC | 12,000 | 12,000 |
District of Columbia Rev. (The Pew Charitable Trust) VRDO | 0.250% | 11/5/10 LOC | 31,000 | 31,000 |
District of Columbia Rev. (Washington Drama Society) VRDO | 0.260% | 11/5/10 LOC | 13,900 | 13,900 |
District of Columbia Rev. (Wesley Theological) VRDO | 0.270% | 11/5/10 LOC | 4,900 | 4,900 |
District of Columbia Rev. (World Wildlife Fund) VRDO | 0.260% | 11/5/10 LOC | 11,000 | 11,000 |
District of Columbia TRAN | 2.000% | 9/30/11 | 10,000 | 10,147 |
1 District of Columbia Water & Sewer Auth. Public Util. Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 12,860 | 12,860 |
1 District of Columbia Water & Sewer Auth. Public Util. Rev. TOB VRDO | 0.270% | 11/5/10 (12) | 8,330 | 8,330 |
1 District of Columbia Water & Sewer Auth. Public Util. Rev. TOB VRDO | 0.330% | 11/5/10 | 11,865 | 11,865 |
12
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
1 Metro. Washington DC/VA Airports Auth. Airport System Rev. TOB VRDO | 0.430% | 11/5/10 (4) | 3,495 | 3,495 |
Metro. Washington DC/VA Airports Auth. Airport System Rev. VRDO | 0.260% | 11/5/10 LOC | 15,000 | 15,000 |
1 Washington DC Airport Auth. System TOB VRDO | 0.430% | 11/5/10 | 4,000 | 4,000 |
| | | | 258,967 |
Florida (4.2%) | | | | |
1 Brevard County FL School Board COP TOB VRDO | 0.270% | 11/5/10 LOC | 13,865 | 13,865 |
1 Broward County FL GO TOB VRDO | 0.270% | 11/5/10 | 8,210 | 8,210 |
1 Broward County FL Professional Sports Fac. Tax Rev. TOB VRDO | 0.330% | 11/5/10 (4) | 8,975 | 8,975 |
1 Broward County FL School Board COP TOB VRDO | 0.270% | 11/5/10 LOC | 34,635 | 34,635 |
Broward County FL School Dist. TAN | 1.000% | 1/13/11 | 35,000 | 35,046 |
1 Broward County FL Water & Sewer Util. Rev. TOB VRDO | 0.280% | 11/5/10 | 5,660 | 5,660 |
Florida Board of Educ. Capital Outlay | 5.000% | 6/1/11 | 1,500 | 1,540 |
1 Florida Board of Educ. Public Educ. Capital Outlay TOB VRDO | 0.280% | 11/5/10 | 15,000 | 15,000 |
1 Florida Board of Educ. Public Educ. TOB VRDO | 0.270% | 11/5/10 | 12,845 | 12,845 |
1 Florida Board of Educ. Public Educ. TOB VRDO | 0.300% | 11/5/10 | 10,310 | 10,310 |
1 Florida Board of Educ. TOB VRDO | 0.280% | 11/5/10 | 3,995 | 3,995 |
Florida Dept. of Environmental Protection & Preservation Rev. VRDO | 0.250% | 11/5/10 (12) | 15,600 | 15,600 |
Florida Dept. of Environmental Protection & Preservation Rev. VRDO | 0.270% | 11/5/10 (12) | 34,760 | 34,760 |
1 Florida Dept. of Management Services COP TOB VRDO | 0.280% | 11/5/10 | 6,955 | 6,955 |
1 Florida Housing Finance Corp. Rev. TOB VRDO | 0.340% | 11/5/10 | 7,745 | 7,745 |
1 Florida Housing Finance Corp. Rev. TOB VRDO | 0.340% | 11/5/10 | 9,835 | 9,835 |
1 Florida Housing Finance Corp. Rev. TOB VRDO | 0.340% | 11/5/10 | 7,280 | 7,280 |
1 Florida Housing Finance Corp. Rev. TOB VRDO | 0.340% | 11/5/10 | 3,415 | 3,415 |
1 Florida State Dept. Transp. Rev. TOB VRDO | 0.280% | 11/5/10 | 8,225 | 8,225 |
1 Greater Orlando Aviation Auth. Orlando FL Airport Fac. Rev. TOB VRDO | 0.280% | 11/5/10 | 12,000 | 12,000 |
1 Greater Orlando Aviation Auth. Orlando FL Airport Fac. Rev. TOB VRDO | 0.290% | 11/5/10 | 6,665 | 6,665 |
1 Hernando County FL Water & Sewer Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 10,300 | 10,300 |
Highlands County FL Health Fac. Auth. Rev. (Adventist/Sunbelt) VRDO | 0.250% | 11/5/10 LOC | 14,890 | 14,890 |
Highlands County FL Health Fac. Auth. Rev. (Adventist/Sunbelt) VRDO | 0.270% | 11/5/10 LOC | 10,000 | 10,000 |
Highlands County FL Health Fac. Auth. Rev. (Adventist/Sunbelt) VRDO | 0.280% | 11/5/10 LOC | 14,000 | 14,000 |
Highlands County FL Health Fac. Auth. Rev. (Adventist/Sunbelt) VRDO | 0.280% | 11/5/10 LOC | 10,000 | 10,000 |
Highlands County FL Health Rev. (Adventist Health System) VRDO | 0.260% | 11/5/10 LOC | 13,500 | 13,500 |
Highlands County FL Health Rev. (Adventist Health System) VRDO | 0.300% | 11/5/10 LOC | 5,000 | 5,000 |
Jacksonville FL Electric Auth. Electric System Rev. VRDO | 0.290% | 11/5/10 | 30,435 | 30,435 |
Jacksonville FL Health Fac. Auth. Hosp. Rev. (Baptist Medical Center) VRDO | 0.290% | 11/5/10 LOC | 5,385 | 5,385 |
1 Lee Memorial Health System Florida Hosp. Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 14,505 | 14,505 |
Martin County FL Health Fac. Auth. Hosp. Rev. (Martin Medical Center) VRDO | 0.280% | 11/5/10 LOC | 13,730 | 13,730 |
Miami FL Health Fac. Auth. (Catholic Health East) VRDO | 0.240% | 11/5/10 LOC | 11,460 | 11,460 |
1 Miami-Dade County FL Educ. Fac. Auth. Rev. (Univ. of Miami) TOB VRDO | 0.290% | 11/5/10 (13) | 22,985 | 22,985 |
1 Miami-Dade County FL School Board COP TOB VRDO | 0.270% | 11/5/10 LOC | 13,575 | 13,575 |
1 Miami-Dade County FL School Board COP TOB VRDO | 0.290% | 11/5/10 (13) | 36,630 | 36,630 |
1 Miami-Dade County FL School Board COP TOB VRDO | 0.290% | 11/5/10 (13) | 9,600 | 9,600 |
1 Miami-Dade County FL School Board COP TOB VRDO | 0.380% | 11/5/10 (12) | 5,800 | 5,800 |
Miami-Dade County FL Sports Franchise Fac. Tax Rev. VRDO | 0.270% | 11/5/10 LOC | 35,000 | 35,000 |
1 Miami-Dade County FL Water & Sewer Rev. TOB VRDO | 0.380% | 11/5/10 (4) | 3,000 | 3,000 |
Monroe County FL Airport Rev. (Var-Key West International Airport) VRDO | 0.330% | 11/5/10 LOC | 10,980 | 10,980 |
Orange County FL Health Fac. Auth. Rev. (Nemours Foundation Project) VRDO | 0.260% | 11/5/10 | 25,555 | 25,555 |
Orange County FL Health Fac. Auth. Rev. (Nemours Foundation Project) VRDO | 0.260% | 11/5/10 | 4,145 | 4,145 |
Orange County FL Health Fac. Auth. Rev. (Orlando Regional Healthcare) VRDO | 0.300% | 11/5/10 LOC | 4,630 | 4,630 |
1 Orange County FL Health Fac. Auth. TOB VRDO | 0.280% | 11/5/10 | 6,660 | 6,660 |
1 Orange County FL Housing Finance Auth. Homeowner Rev. TOB VRDO | 0.340% | 11/5/10 | 2,935 | 2,935 |
1 Orange County FL School Board COP TOB VRDO | 0.270% | 11/5/10 LOC | 9,160 | 9,160 |
Orlando FL Util. Comm. Util. System Rev. | 2.500% | 5/1/11 | 13,000 | 13,131 |
Palm Beach County FL Rev. (Children’s Home Society Project) VRDO | 0.350% | 11/5/10 LOC | 11,905 | 11,905 |
Palm Beach County FL Rev. (Community Foundation Palm Beach Project) VRDO | 0.340% | 11/5/10 LOC | 5,700 | 5,700 |
1 Palm Beach County FL TOB VRDO | 0.270% | 11/5/10 | 8,545 | 8,545 |
1 Palm Beach County FL Water & Sewer TOB VRDO | 0.280% | 11/5/10 | 5,535 | 5,535 |
Pembroke Pines FL Charter School Rev. VRDO | 0.290% | 11/5/10 (12) | 11,210 | 11,210 |
Pembroke Pines FL Charter School Rev. VRDO | 0.290% | 11/5/10 (12) | 29,410 | 29,410 |
Pinellas County FL Health Fac. Auth. Rev. (Bayfront Hosp.) VRDO | 0.270% | 11/5/10 LOC | 15,975 | 15,975 |
Polk County FL Ind. Dev. Auth. Healthcare Fac. Rev. (Winter Haven Hospital) VRDO | 0.260% | 11/5/10 LOC | 9,800 | 9,800 |
1 South Florida Water Management Dist. TOB VRDO | 0.330% | 11/5/10 | 9,800 | 9,800 |
1 Tampa Bay FL Water Util. System Rev. TOB VRDO | 0.330% | 11/5/10 | 4,505 | 4,505 |
1 Univeristy of North Florida Financing Corp. Capital Improvement Rev. TOB VRDO | 0.290% | 11/5/10 LOC | 5,255 | 5,255 |
1 Volusia County FL Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 28,570 | 28,570 |
West Orange Healthcare Dist. FL Rev. VRDO | 0.280% | 11/5/10 LOC | 13,400 | 13,400 |
| | | | 779,162 |
13
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Georgia (4.2%) | | | | |
1 Atlanta GA Airport Passenger Charge Rev. TOB VRDO | 0.300% | 11/5/10 (4) | 12,500 | 12,500 |
Atlanta GA Airport Rev. CP | 0.300% | 11/9/10 LOC | 75,000 | 75,000 |
Atlanta GA Dev. Auth. Rev. (Georgia Aquarium, Inc. Project) VRDO | 0.280% | 11/5/10 LOC | 10,000 | 10,000 |
Dalton County GA Dev. Auth. (Hamilton Health Care System) VRDO | 0.290% | 11/5/10 LOC | 16,005 | 16,005 |
DeKalb County GA Private Hosp. Auth. RAN (Children’s Healthcare) | 3.000% | 11/15/10 | 5,500 | 5,505 |
1 DeKalb County GA Water & Sewer Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 16,565 | 16,565 |
1 DeKalb County GA Water & Sewer Rev. TOB VRDO | 0.280% | 11/5/10 | 11,990 | 11,990 |
Floyd County GA Dev. Auth. Rev. (Berry College) VRDO | 0.280% | 11/5/10 LOC | 33,500 | 33,500 |
Floyd County GA Dev. Auth. Rev. (Berry College) VRDO | 0.280% | 11/5/10 LOC | 42,705 | 42,705 |
Fulton County GA Dev. Auth. (Lovett School Project) VRDO | 0.280% | 11/5/10 LOC | 700 | 700 |
Fulton County GA Dev. Auth. (Lovett School Project) VRDO | 0.280% | 11/5/10 LOC | 27,500 | 27,500 |
Fulton County GA Dev. Auth. (Piedmont Healthcare Inc. Project) VRDO | 0.280% | 11/5/10 LOC | 69,415 | 69,415 |
Fulton County GA Dev. Auth. (Robert A. Woodruff Arts Center) VRDO | 0.280% | 11/5/10 LOC | 22,000 | 22,000 |
Fulton County GA Dev. Auth. (Woodward Academy Project) VRDO | 0.280% | 11/5/10 LOC | 32,000 | 32,000 |
Fulton County GA Dev. Auth. (Woodward Academy Project) VRDO | 0.280% | 11/5/10 LOC | 20,595 | 20,595 |
Fulton County GA Dev. Auth. (Woodward Academy Project) VRDO | 0.280% | 11/5/10 LOC | 10,200 | 10,200 |
Fulton County GA Dev. Auth. (Woodward Academy Project) VRDO | 0.280% | 11/5/10 LOC | 13,000 | 13,000 |
1 Fulton County GA Dev. Auth. TOB VRDO | 0.280% | 11/5/10 | 11,420 | 11,420 |
Gainesville GA Redev. Auth. Rev. (Brenau Univ.) VRDO | 0.300% | 11/5/10 LOC | 10,800 | 10,800 |
1 Georgia GO TOB VRDO | 0.310% | 11/5/10 | 9,365 | 9,365 |
Gwinnett County GA Hosp. Auth. Rev. (Gwinnett Hosp. System Inc.) VRDO | 0.280% | 11/5/10 LOC | 46,025 | 46,025 |
Gwinnett County GA School Dist. GO | 5.000% | 2/1/11 | 2,500 | 2,529 |
1 Gwinnett County GA School Dist. GO TOB VRDO | 0.270% | 11/5/10 | 12,290 | 12,290 |
Macon-Bibb County GA Hosp. Auth. (Medical Center of Central Georgia) VRDO | 0.280% | 11/5/10 LOC | 15,775 | 15,775 |
Macon-Bibb County GA Hosp. Auth. (Medical Center of Central Georgia) VRDO | 0.280% | 11/5/10 LOC | 19,390 | 19,390 |
Macon-Bibb County GA Hosp. Auth. (Medical Center of Central Georgia) VRDO | 0.300% | 11/5/10 LOC | 5,800 | 5,800 |
Macon-Bibb County GA Hosp. Auth. (Medical Center of Central Georgia) VRDO | 0.300% | 11/5/10 LOC | 17,100 | 17,100 |
1 Macon-Bibb County GA Hosp. Auth. TOB VRDO | 0.280% | 11/5/10 | 4,995 | 4,995 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. VRDO | 0.280% | 11/5/10 | 90,000 | 90,000 |
Metro. Atlanta GA Rapid Transp. Auth. Georgia Sales Tax Rev. VRDO | 0.260% | 11/5/10 LOC | 38,950 | 38,950 |
Metro. Atlanta GA Rapid Transp. Auth. Georgia Sales Tax Rev. VRDO | 0.260% | 11/5/10 LOC | 23,000 | 23,000 |
1 Private Colleges & Univ. Auth. of Georgia Rev. (Emory Univ.) TOB VRDO | 0.270% | 11/5/10 | 15,270 | 15,270 |
1 Private Colleges & Univ. Auth. of Georgia Rev. (Emory Univ.) TOB VRDO | 0.280% | 11/5/10 | 4,440 | 4,440 |
1 Private Colleges & Univ. Auth. of Georgia Rev. (Emory Univ.) TOB VRDO | 0.280% | 11/5/10 | 5,630 | 5,630 |
Savannah GA Econ. Dev. Auth. Rev. (SSU Foundation) VRDO | 0.270% | 11/5/10 LOC | 8,900 | 8,900 |
Thomasville GA Hosp. Rev. (John D Archbold Memorial Hosp., Inc. Project) VRDO | 0.300% | 11/5/10 LOC | 2,550 | 2,550 |
Thomasville GA Hosp. Rev. (John D Archbold Memorial Hosp., Inc. Project) VRDO | 0.300% | 11/5/10 LOC | 3,900 | 3,900 |
Valdosta & Lowndes County GA Hosp. Auth. Rev. (South GA Medical Center Project) VRDO | 0.300% | 11/5/10 LOC | 5,035 | 5,035 |
| | | | 772,344 |
Hawaii (0.7%) | | | | |
1 Hawaii State GO TOB VRDO | 0.280% | 11/5/10 | 11,245 | 11,245 |
1 Honolulu HI City & County Board Water Supply TOB VRDO | 0.270% | 11/5/10 LOC | 7,000 | 7,000 |
Honolulu HI City & County GO CP | 0.290% | 11/9/10 | 15,000 | 15,000 |
Honolulu HI City & County GO CP | 0.290% | 12/6/10 | 30,500 | 30,500 |
Honolulu HI City & County GO CP | 0.290% | 12/6/10 | 10,000 | 10,000 |
1 Honolulu HI City & County TOB VRDO | 0.280% | 11/5/10 | 14,995 | 14,995 |
1 Honolulu HI City & County TOB VRDO | 0.280% | 11/5/10 | 7,715 | 7,715 |
1 Univ. of Hawaii Rev. TOB VRDO | 0.290% | 11/5/10 (13) | 19,800 | 19,800 |
1 University of Hawaii Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 12,865 | 12,865 |
| | | | 129,120 |
Idaho (2.5%) | | | | |
Idaho Housing & Finance Assn. (College of Idaho Project) VRDO | 0.270% | 11/5/10 LOC | 6,330 | 6,330 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.270% | 11/5/10 LOC | 12,600 | 12,600 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.270% | 11/5/10 LOC | 6,325 | 6,325 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.270% | 11/5/10 LOC | 9,860 | 9,860 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.270% | 11/5/10 LOC | 13,000 | 13,000 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 7,305 | 7,305 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 5,310 | 5,310 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 9,610 | 9,610 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 7,355 | 7,355 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 7,090 | 7,090 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 10,190 | 10,190 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 9,455 | 9,455 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 9,935 | 9,935 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 10,210 | 10,210 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 10,855 | 10,855 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 14,110 | 14,110 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 13,320 | 13,320 |
14
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 15,220 | 15,220 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 16,085 | 16,085 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 6,500 | 6,500 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 10,925 | 10,925 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 29,505 | 29,505 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 | 24,000 | 24,000 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 | 28,750 | 28,750 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 6,100 | 6,100 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 | 12,760 | 12,760 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 | 13,185 | 13,185 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 | 8,000 | 8,000 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 13,510 | 13,510 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 13,590 | 13,590 |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 | 27,000 | 27,000 |
Idaho State Building Auth. Rev. (Prison Fac. Project) VRDO | 0.280% | 11/5/10 | 16,560 | 16,560 |
Idaho TAN | 2.000% | 6/30/11 | 52,000 | 52,544 |
| | | | 457,094 |
Illinois (4.8%) | | | | |
Bartlett IL Special Services Area (Bluff City LLC) VRDO | 0.340% | 11/5/10 LOC | 12,920 | 12,920 |
Channahon IL Rev. (Morris Hosp.) VRDO | 0.260% | 11/5/10 LOC | 4,195 | 4,195 |
1 Chicago IL Board of Educ. GO TOB VRDO | 0.330% | 11/5/10 (4) | 4,995 | 4,995 |
Chicago IL Board of Educ. GO VRDO | 0.280% | 11/5/10 LOC | 17,400 | 17,400 |
Chicago IL Board of Educ. GO VRDO | 0.280% | 11/5/10 LOC | 5,900 | 5,900 |
1 Chicago IL GO TOB VRDO | 0.280% | 11/5/10 | 10,830 | 10,830 |
1 Chicago IL GO TOB VRDO | 0.280% | 11/5/10 (12) | 6,600 | 6,600 |
1 Chicago IL GO TOB VRDO | 0.290% | 11/5/10 | 5,500 | 5,500 |
1 Chicago IL Metro. Water Reclamation Dist. GO TOB VRDO | 0.270% | 11/5/10 | 18,890 | 18,890 |
1 Chicago IL Metro. Water Reclamation Dist. GO TOB VRDO | 0.270% | 11/5/10 | 5,000 | 5,000 |
1 Chicago IL Metro. Water Reclamation Dist. GO TOB VRDO | 0.280% | 11/5/10 | 5,005 | 5,005 |
1 Chicago IL Metro. Water Reclamation Dist. GO TOB VRDO | 0.300% | 11/5/10 | 8,710 | 8,710 |
1 Chicago IL O’Hare International Airport Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 29,705 | 29,705 |
1 Chicago IL O’Hare International Airport Rev. TOB VRDO | 0.290% | 11/5/10 LOC | 13,660 | 13,660 |
1 Chicago IL O’Hare International Airport Rev. TOB VRDO | 0.300% | 11/5/10 (4) | 14,645 | 14,645 |
1 Chicago IL O’Hare International Airport Rev. TOB VRDO | 0.380% | 11/5/10 (4) | 7,495 | 7,495 |
1 Chicago IL Wastewater Transmission Rev. TOB VRDO | 0.300% | 11/5/10 LOC | 16,960 | 16,960 |
Chicago IL Water Rev. VRDO | 0.310% | 11/5/10 LOC | 19,720 | 19,720 |
Chicago IL Water Rev. VRDO | 0.310% | 11/5/10 LOC | 5,325 | 5,325 |
Cook County IL Community Consolidated School Dist. Rev. | 2.000% | 12/1/10 | 8,530 | 8,541 |
1 Cook County IL GO TOB VRDO | 0.270% | 11/5/10 LOC | 6,850 | 6,850 |
1 Cook County IL GO TOB VRDO | 0.330% | 11/5/10 | 7,460 | 7,460 |
1 Hoffman Estates IL TOB VRDO | 0.290% | 11/5/10 | 7,295 | 7,295 |
Illinois Dev. Finance Auth. Rev. (Chicago Horticultural Society) VRDO | 0.340% | 11/5/10 LOC | 20,000 | 20,000 |
Illinois Dev. Finance Auth. Rev. (Loyola Academy) VRDO | 0.340% | 11/5/10 LOC | 16,245 | 16,245 |
Illinois Educ. Fac. Auth. Rev. (Columbia College Chicago) VRDO | 0.260% | 11/5/10 LOC | 12,650 | 12,650 |
Illinois Educ. Fac. Auth. Rev. (Univ. of Chicago) PUT | 0.460% | 5/4/11 | 20,000 | 20,000 |
1 Illinois Educ. Fac. Auth. Rev. (Univ. of Chicago) TOB VRDO | 0.300% | 11/5/10 | 9,185 | 9,185 |
1 Illinois Educ. Fac. Auth. Rev. (Univ. of Chicago) TOB VRDO | 0.300% | 11/5/10 | 4,165 | 4,165 |
Illinois Finance Auth. IDR (Guesto Packing Company Inc. Project) Rev. VRDO | 0.500% | 11/5/10 LOC | 6,710 | 6,710 |
1 Illinois Finance Auth. Rev. (Advocate Health Care) TOB VRDO | 0.280% | 11/5/10 | 16,010 | 16,010 |
Illinois Finance Auth. Rev. (Advocate Health) PUT | 0.350% | 2/1/11 | 25,000 | 25,000 |
Illinois Finance Auth. Rev. (Advocate Health) VRDO | 0.250% | 11/5/10 | 29,605 | 29,605 |
Illinois Finance Auth. Rev. (Bradley Univ.) VRDO | 0.250% | 11/5/10 LOC | 3,750 | 3,750 |
1 Illinois Finance Auth. Rev. (Central DuPage Health) TOB VRDO | 0.280% | 11/5/10 | 8,750 | 8,750 |
Illinois Finance Auth. Rev. (Chicago Horticulture Project) VRDO | 0.340% | 11/5/10 LOC | 12,000 | 12,000 |
1 Illinois Finance Auth. Rev. (Chicago Univ.) TOB VRDO | 0.280% | 11/5/10 | 13,330 | 13,330 |
Illinois Finance Auth. Rev. (Evangelical Project) VRDO | 0.280% | 11/5/10 LOC | 5,000 | 5,000 |
Illinois Finance Auth. Rev. (Hosp. Sister Services Inc.) CP | 0.360% | 11/2/10 | 24,000 | 24,000 |
Illinois Finance Auth. Rev. (Hosp. Sister Services Inc.) CP | 0.300% | 11/15/10 | 20,000 | 20,000 |
Illinois Finance Auth. Rev. (Hosp. Sister Services Inc.) CP | 0.300% | 12/3/10 | 4,500 | 4,500 |
Illinois Finance Auth. Rev. (Hosp. Sister Services Inc.) CP | 0.350% | 2/3/11 | 26,970 | 26,970 |
Illinois Finance Auth. Rev. (Institute of Chicago) VRDO | 0.240% | 11/5/10 LOC | 2,175 | 2,175 |
Illinois Finance Auth. Rev. (Northwest Community Hosp.) VRDO | 0.270% | 11/5/10 LOC | 12,935 | 12,935 |
Illinois Finance Auth. Rev. (Northwest Community Hosp.) VRDO | 0.270% | 11/5/10 LOC | 5,340 | 5,340 |
1 Illinois Finance Auth. Rev. (Northwestern Memorial Hosp.) TOB VRDO | 0.280% | 11/5/10 | 11,200 | 11,200 |
1 Illinois Finance Auth. Rev. (Northwestern Memorial Hosp.) TOB VRDO | 0.280% | 11/5/10 | 6,000 | 6,000 |
Illinois Finance Auth. Rev. (Northwestern Univ.) PUT | 0.400% | 3/1/11 | 20,000 | 20,000 |
Illinois Finance Auth. Rev. (Northwestern Univ.) PUT | 0.400% | 3/1/11 | 20,000 | 20,000 |
1 Illinois Finance Auth. Rev. (Northwestern Univ.) TOB VRDO | 0.280% | 11/5/10 | 8,165 | 8,165 |
Illinois Finance Auth. Rev. (Proctor Hosp.) VRDO | 0.250% | 11/5/10 LOC | 3,275 | 3,275 |
15
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Illinois Finance Auth. Rev. (Rush Univ. Medical Center) VRDO | 0.260% | 11/5/10 LOC | 4,000 | 4,000 |
Illinois Finance Auth. Rev. (Southern Illinois Healthcare) VRDO | 0.270% | 11/5/10 LOC | 9,525 | 9,525 |
Illinois Finance Auth. Rev. (Trinity International Univ.) VRDO | 0.280% | 11/5/10 LOC | 12,870 | 12,870 |
1 Illinois Finance Auth. Rev. (Univ. of Chicago) TOB VRDO | 0.270% | 11/5/10 | 20,500 | 20,500 |
1 Illinois Finance Auth. Rev. (Univ. of Chicago) TOB VRDO | 0.280% | 11/5/10 | 3,000 | 3,000 |
1 Illinois Finance Auth. Rev. (Univ. of Chicago) TOB VRDO | 0.290% | 11/5/10 | 10,265 | 10,265 |
Illinois Finance Auth. Rev. (Univ. of Chicago) VRDO | 0.240% | 11/5/10 | 4,800 | 4,800 |
Illinois Finance Auth. Rev. (Wesleyan Univ.) VRDO | 0.260% | 11/5/10 LOC | 14,130 | 14,130 |
Illinois Finance Auth. Rev. (Xavier Univ.) VRDO | 0.350% | 11/5/10 LOC | 3,700 | 3,700 |
Illinois Finance Auth. Rev. (YMCA Metro. Chicago Project) VRDO | 0.280% | 11/5/10 LOC | 4,600 | 4,600 |
1 Illinois GO TOB VRDO | 0.270% | 11/5/10 LOC | 18,110 | 18,110 |
1 Illinois Health Fac. (Northshore Univ. Health System) TOB VRDO | 0.280% | 11/5/10 | 8,750 | 8,750 |
Illinois Health Fac. Auth. Rev. (Advocate Health Care Network) PUT | 0.400% | 3/25/11 | 9,305 | 9,305 |
Illinois Health Fac. Auth. Rev. (Elmhurst Memorial Hosp.) VRDO | 0.240% | 11/5/10 LOC | 8,600 | 8,600 |
1 Illinois Health Fac. Auth. Rev. (Ingalls Memorial Hosp.) VRDO | 0.270% | 11/5/10 LOC | 13,800 | 13,800 |
1 Illinois Housing Dev. Auth. TOB VRDO | 0.380% | 11/5/10 | 19,500 | 19,500 |
1 Illinois Regional Transp. Auth. Rev. TOB VRDO | 0.270% | 11/5/10 (13) | 11,340 | 11,340 |
1 Illinois Regional Transp. Auth. Rev. TOB VRDO | 0.270% | 11/5/10 | 21,280 | 21,280 |
1 Illinois Regional Transp. Auth. Rev. TOB VRDO | 0.270% | 11/5/10 | 14,335 | 14,335 |
Illinois State Build Rev. | 3.000% | 6/15/11 | 5,000 | 5,073 |
1 Illinois State Toll Highway Auth. Toll Highway Rev. TOB VRDO | 0.280% | 11/5/10 | 5,330 | 5,330 |
1 Illinois State Toll Highway Auth. Toll Highway Rev. TOB VRDO | 0.280% | 11/5/10 | 14,430 | 14,430 |
1 Lake, Cook, Kane & McHenry Counties IL Community USD TOB VRDO | 0.280% | 11/5/10 (4) | 10,355 | 10,355 |
1 Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. TOB VRDO | 0.270% | 11/5/10 (4) | 9,260 | 9,260 |
1 Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. TOB VRDO | 0.280% | 11/5/10 | 12,640 | 12,640 |
1 Schaumburg IL GO TOB VRDO | 0.280% | 11/5/10 (13) | 6,130 | 6,130 |
| | | | 886,189 |
Indiana (3.0%) | | | | |
Indiana Bond Bank Rev. Advance Funding Program Notes TAN | 2.000% | 1/6/11 LOC | 66,000 | 66,187 |
Indiana Dev. Finance Auth. Rev. (Children’s Museum) VRDO | 0.280% | 11/5/10 | 29,200 | 29,200 |
Indiana Dev. Finance Auth. Rev. (Indianapolis Museum of Art) VRDO | 0.280% | 11/5/10 LOC | 18,000 | 18,000 |
Indiana Educ. Fac. Auth. (Wabash College) VRDO | 0.280% | 11/5/10 LOC | 29,940 | 29,940 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) VRDO | 0.270% | 11/5/10 LOC | 5,000 | 5,000 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) VRDO | 0.270% | 11/5/10 LOC | 7,900 | 7,900 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) VRDO | 0.280% | 11/5/10 LOC | 4,365 | 4,365 |
Indiana Finance Auth. Hosp. Rev. (Clarian Health Partners, Inc. Obligated Group) VRDO | 0.240% | 11/5/10 LOC | 33,755 | 33,755 |
Indiana Finance Auth. Hosp. Rev. (Clarian Health Partners, Inc. Obligated Group) VRDO | 0.240% | 11/5/10 LOC | 14,215 | 14,215 |
Indiana Finance Auth. Rev. (Columbus Regional Hosp.) VRDO | 0.270% | 11/5/10 LOC | 6,900 | 6,900 |
Indiana Finance Auth. Rev. (DePauw Univ. Project) VRDO | 0.270% | 11/5/10 LOC | 36,910 | 36,910 |
Indiana Finance Auth. Rev. (Lease Appropriation) VRDO | 0.240% | 11/5/10 | 25,300 | 25,300 |
Indiana Finance Auth. Rev. (Lease Appropriation) VRDO | 0.250% | 11/5/10 | 20,000 | 20,000 |
Indiana Finance Auth. Rev. (State Revolving Fund) | 1.500% | 2/1/11 | 7,465 | 7,487 |
Indiana Finance Auth. Rev. VRDO | 0.290% | 11/5/10 LOC | 18,280 | 18,280 |
1 Indiana Health & Educ. Fac. Financing Auth. Health System Rev. | | | | |
(Sisters of St. Francis Health Services, Inc. Obligated Group) TOB VRDO | 0.330% | 11/5/10 (4) | 3,300 | 3,300 |
1 Indiana Health & Educ. Fac. Financing Auth. Rev. (Ascension Health Credit Group) TOB VRDO | 0.270% | 11/5/10 | 19,275 | 19,275 |
Indiana Health & Educ. Fac. Financing Auth. Rev. (Clarian Health Obligated Group) VRDO | 0.260% | 11/5/10 LOC | 5,500 | 5,500 |
Indiana Health & Educ. Fac. Financing Auth. Rev. (Clarian Health Obligated Group) VRDO | 0.270% | 11/5/10 LOC | 15,100 | 15,100 |
Indiana Health & Educ. Fac. Financing Auth. Rev. (Marian College) VRDO | 0.280% | 11/5/10 LOC | 5,400 | 5,400 |
1 Indiana Health & Educ. Fac. Financing Auth. Rev. TOB VRDO | 0.300% | 11/1/10 | 11,225 | 11,225 |
Indiana Health Fac. Auth. Finance Auth. Rev. (Ascension Health Credit Group) PUT | 5.000% | 11/1/10 | 2,500 | 2,500 |
1 Indiana Health Fac. Fin. Auth. Hosp. Rev. (Community Hosp. Project) Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 6,420 | 6,420 |
1 Indiana Health Fac. Finance Auth. Rev. (Sisters of St. Francis Health Services, Inc.) TOB VRDO | 0.290% | 11/5/10 (4) | 8,085 | 8,085 |
1 Indiana Housing & Community Dev. Auth. Single Family Mortgage Rev. TOB VRDO | 0.340% | 11/5/10 | 2,355 | 2,355 |
Indiana Housing & Community Dev. Auth. Single Family Mortgage Rev. VRDO | 0.290% | 11/5/10 LOC | 20,845 | 20,845 |
1 Indianapolis IN Local Public Improvement Bond Bank Notes | | | | |
(PILOT Infrastructure Project) TOB VRDO | 0.290% | 11/5/10 | 10,615 | 10,615 |
1 Indianapolis IN Local Public Improvement Bond Bank Notes TOB VRDO | 0.290% | 11/5/10 (4) | 12,490 | 12,490 |
Lawrenceburg IN Pollution Control Rev. VRDO | 0.270% | 11/5/10 LOC | 13,000 | 13,000 |
Lawrenceburg IN Pollution Control Rev. VRDO | 0.330% | 11/5/10 LOC | 10,000 | 10,000 |
1 New Albany Floyd County IN School Building Corp. TOB VRDO | 0.290% | 11/5/10 (4) | 5,345 | 5,345 |
Noblesville IN Econ. Dev. Rev. (Greystone Apartments Project) VRDO | 0.320% | 11/5/10 LOC | 10,990 | 10,990 |
Purdue IN Univ. CP | 0.290% | 11/15/10 | 13,145 | 13,145 |
Purdue IN Univ. CP | 0.290% | 11/30/10 | 25,000 | 25,000 |
Purdue Univ. Indiana Univ. Student Fac. System Rev. VRDO | 0.260% | 11/5/10 | 3,675 | 3,675 |
1 Wayne Township IN School Building Corp. Marion County TOB VRDO | 0.270% | 11/5/10 LOC | 25,620 | 25,620 |
| | | | 553,324 |
16
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Iowa (0.3%) | | | | |
1 Des Moines IA Metro. Wastewater Reclamation Auth. Sewer. Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 12,835 | 12,835 |
Iowa Finance Auth. Single Family Rev. VRDO | 0.270% | 11/5/10 | 11,800 | 11,800 |
Iowa Finance Auth. Single Family Rev. VRDO | 0.290% | 11/5/10 | 5,330 | 5,330 |
Iowa Finance Auth. Single Family Rev. VRDO | 0.290% | 11/5/10 | 3,800 | 3,800 |
Iowa Finance Auth. Single Family Rev. VRDO | 0.290% | 11/5/10 | 10,800 | 10,800 |
1 Iowa Special Obligation TOB VRDO | 0.290% | 11/5/10 | 11,200 | 11,200 |
1 Iowa Special Obligation TOB VRDO | 0.290% | 11/5/10 | 3,800 | 3,800 |
| | | | 59,565 |
Kansas (0.3%) | | | | |
1 Kansas Dept. of Transp. Highway Rev. TOB VRDO | 0.270% | 11/5/10 | 6,245 | 6,245 |
Sedgwick County KS Airport Fac. Rev. (FlightSafety) VRDO | 0.340% | 11/5/10 | 34,000 | 34,000 |
Wichita KS Airport Fac. Rev. VRDO | 0.300% | 11/5/10 | 11,170 | 11,170 |
| | | | 51,415 |
Kentucky (1.4%) | | | | |
Boyle County KY Hosp. Rev. (Ephraim McDowell Health) VRDO | 0.290% | 11/5/10 LOC | 11,975 | 11,975 |
Jeffersontown KY Lease Program (Kentucky League of Cities Funding) VRDO | 0.260% | 11/5/10 LOC | 2,600 | 2,600 |
Kenton County KY Airport Board Special Fac. Rev. (Flightsafety International Inc.) VRDO | 0.300% | 11/5/10 (13) | 17,900 | 17,900 |
Kenton County KY Airport Board Special Fac. Rev. (Flightsafety International Inc.) VRDO | 0.300% | 11/5/10 (13) | 4,600 | 4,600 |
Kentucky Econ. Dev. Finance Auth. Hosp. Fac. Rev. (Baptist Healthcare System) VRDO | 0.260% | 11/5/10 LOC | 22,655 | 22,655 |
Kentucky Econ. Dev. Finance Auth. Hosp. Fac. Rev. (Baptist Healthcare System) VRDO | 0.290% | 11/5/10 LOC | 12,000 | 12,000 |
Kentucky Econ. Dev. Finance Auth. Hosp. Fac. Rev. (St. Elizabeth Medical) VRDO | 0.260% | 11/5/10 LOC | 5,500 | 5,500 |
Kentucky Econ. Dev. Finance Auth. Medical Center Rev. (Ashland Hosp. Corp.) VRDO | 0.270% | 11/5/10 LOC | 5,000 | 5,000 |
Kentucky Econ. Dev. Finance Auth. Medical Center Rev. (Ashland Hosp. Corp.) VRDO | 0.270% | 11/5/10 LOC | 35,000 | 35,000 |
Kentucky Higher Educ. Student Loan Corp. Student Loan Rev. VRDO | 0.350% | 11/5/10 LOC | 37,400 | 37,400 |
1 Kentucky Housing Corp. Housing Rev. TOB VRDO | 0.330% | 11/5/10 | 9,110 | 9,110 |
1 Kentucky Housing Corp. Housing Rev. TOB VRDO | 0.380% | 11/5/10 | 2,425 | 2,425 |
1 Kentucky Turnpike Auth. Econ. Dev. Road Rev. (Revitalization Project) TOB VRDO | 0.270% | 11/5/10 | 10,415 | 10,415 |
1 Lexington-Fayette Urban County Airport KY TOB VRDO | 0.280% | 11/5/10 | 6,660 | 6,660 |
1 Louisville & Jefferson County KY Metro. Sewer Dist. Sewer and Drainage System Rev. TOB VRDO | 0.330% | 11/5/10 (12) | 7,330 | 7,330 |
1 Louisville & Jefferson County KY Metro. Govt. Parking Rev. TOB VRDO | 0.280% | 11/5/10 | 7,455 | 7,455 |
Louisville KY Water Works Board Rev. | 5.250% | 11/15/10 (Prere.) | 1,600 | 1,603 |
Richmond KY League of Cities Funding Lease Program Rev. VRDO | 0.270% | 11/5/10 LOC | 9,000 | 9,000 |
Warren County KY Rev. (Western Kentucky Univ. Student Life) VRDO | 0.250% | 11/5/10 LOC | 8,020 | 8,020 |
Warren County KY Rev. (Western Kentucky Univ. Student Life) VRDO | 0.280% | 11/5/10 LOC | 28,740 | 28,740 |
Williamstown KY League of Cities VRDO | 0.270% | 11/5/10 LOC | 4,750 | 4,750 |
Williamstown KY League of Cities VRDO | 0.270% | 11/5/10 LOC | 4,700 | 4,700 |
| | | | 254,838 |
Louisiana (1.5%) | | | | |
Ascension Parish LA Ind. Dev. Board Rev. (Geismar Project) VRDO | 0.280% | 11/5/10 LOC | 17,000 | 17,000 |
Louisiana GO VRDO | 0.250% | 11/5/10 LOC | 26,200 | 26,200 |
Louisiana Public Fac. Auth. Hosp. Rev. (Franciscan Missionaries) VRDO | 0.280% | 11/5/10 LOC | 13,900 | 13,900 |
Louisiana Public Fac. Auth. Rev. (Christus Health) VRDO | 0.290% | 11/5/10 LOC | 12,000 | 12,000 |
Louisiana Public Fac. Auth. Rev. (Tiger Athletic) VRDO | 0.270% | 11/5/10 LOC | 20,900 | 20,900 |
1 Louisiana Public Fac. Auth. Rev. TOB VRDO | 0.330% | 11/5/10 LOC | 44,345 | 44,345 |
1 Louisiana Public Fac. Auth. Rev. TOB VRDO | 0.330% | 11/5/10 LOC | 42,645 | 42,645 |
Louisiana Public Fac. Auth. Rev. VRDO | 0.280% | 11/5/10 LOC | 30,000 | 30,000 |
Louisiana Public Fac. Auth. Rev. VRDO | 0.280% | 11/5/10 LOC | 34,000 | 34,000 |
St. James Parish LA Rev. (Nustar Logistics LP Project) VRDO | 0.280% | 11/5/10 LOC | 12,500 | 12,500 |
St. James Parish LA Rev. (Nustar Logistics LP Project) VRDO | 0.280% | 11/5/10 LOC | 17,500 | 17,500 |
| | | | 270,990 |
Maine (0.3%) | | | | |
1 Maine Health & Higher Educ. Fac. Auth. Rev. TOB VRDO | 0.330% | 11/5/10 | 12,805 | 12,805 |
1 Maine Housing Auth. Mortgage Rev. TOB VRDO | 0.340% | 11/5/10 | 3,720 | 3,720 |
1 Maine Housing Auth. Mortgage Rev. TOB VRDO | 0.340% | 11/5/10 | 5,510 | 5,510 |
Maine Housing Auth. Mortgage Rev. VRDO | 0.300% | 11/5/10 | 20,000 | 20,000 |
Maine Housing Auth. Mortgage Rev. VRDO | 0.300% | 11/5/10 | 9,000 | 9,000 |
| | | | 51,035 |
Maryland (2.1%) | | | | |
Baltimore County MD Metro. Dist. CP | 0.320% | 11/23/10 | 23,000 | 23,000 |
Howard County MD CP | 0.290% | 11/9/10 | 28,500 | 28,500 |
1 Maryland Dept. of Housing & Community Dev. Rev. TOB VRDO | 0.340% | 11/5/10 | 5,095 | 5,095 |
1 Maryland Dept. of Housing & Community Dev. Rev. TOB VRDO | 0.340% | 11/5/10 | 7,550 | 7,550 |
1 Maryland Dept. of Housing & Community Dev. Rev. TOB VRDO | 0.340% | 11/5/10 | 6,325 | 6,325 |
1 Maryland Dept. of Housing & Community Dev. Rev. TOB VRDO | 0.380% | 11/5/10 | 4,245 | 4,245 |
1 Maryland Dept. of Housing & Community Dev. Rev. TOB VRDO | 0.380% | 11/5/10 | 7,520 | 7,520 |
1 Maryland Dept. of Housing & Community Dev. Rev. TOB VRDO | 0.380% | 11/5/10 | 4,430 | 4,430 |
Maryland Dept. of Housing & Community Dev. Rev. VRDO | 0.300% | 11/5/10 | 6,350 | 6,350 |
17
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Maryland Health & Higher Educ. Fac. Auth. (Johns Hopkins Univ.) CP | 0.290% | 11/5/10 | 15,000 | 15,000 |
Maryland Health & Higher Educ. Fac. Auth. (Johns Hopkins Univ.) CP | 0.290% | 11/9/10 | 15,141 | 15,141 |
Maryland Health & Higher Educ. Fac. Auth. (Johns Hopkins Univ.) CP | 0.310% | 11/12/10 | 16,765 | 16,765 |
1 Maryland Health & Higher Educ. Fac. Auth. Rev. (John Hopkins Univ.) TOB VRDO | 0.270% | 11/5/10 | 7,670 | 7,670 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Johns Hopkins Hosp.) VRDO | 0.250% | 11/5/10 LOC | 8,100 | 8,100 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Johns Hopkins Univ.) CP | 0.300% | 11/3/10 | 22,988 | 22,988 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Johns Hopkins Univ.) CP | 0.310% | 11/9/10 | 15,150 | 15,150 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Johns Hopkins Univ.) CP | 0.300% | 2/10/11 | 25,900 | 25,900 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Johns Hopkins Univ.) CP | 0.310% | 3/8/11 | 9,000 | 9,000 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Johns Hopkins Univ.) VRDO | 0.250% | 11/5/10 LOC | 5,085 | 5,085 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) VRDO | 0.250% | 11/5/10 LOC | 5,000 | 5,000 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Suburban Hosp.) VRDO | 0.250% | 11/5/10 LOC | 9,775 | 9,775 |
1 Maryland State Transp. Auth. Rev. TOB VRDO | 0.270% | 11/5/10 (4) | 15,490 | 15,490 |
Maryland Transp. Auth. Passenger Fac. Charge Rev. VRDO | 0.260% | 11/5/10 LOC | 18,150 | 18,150 |
1 Maryland Transp. Auth. Rev. TOB VRDO | 0.270% | 11/5/10 (4) | 8,800 | 8,800 |
1 Maryland Transp. Auth. Rev. TOB VRDO | 0.290% | 11/5/10 (4) | 13,860 | 13,860 |
Montgomery County MD CP | 0.280% | 11/18/10 | 11,000 | 11,000 |
Montgomery County MD CP | 0.350% | 2/10/11 | 30,500 | 30,500 |
Montgomery County MD CP | 0.350% | 2/10/11 | 6,000 | 6,000 |
Montgomery County MD GO | 2.000% | 11/1/10 | 7,800 | 7,800 |
Washington Suburban Sanitation Dist. Maryland VRDO | 0.280% | 11/5/10 | 29,000 | 29,000 |
| | | | 389,189 |
Massachusetts (2.6%) | | | | |
Boston MA GO | 2.000% | 4/1/11 | 5,005 | 5,039 |
1 Massachusetts Department of Transportation TOB VRDO | 0.260% | 11/5/10 | 4,625 | 4,625 |
Massachusetts Dept. of Transp. Metro Highway System Rev. VRDO | 0.250% | 11/5/10 | 33,000 | 33,000 |
Massachusetts Dev. Finance Agency Rev. (Cushing Academy Issue) VRDO | 0.260% | 11/5/10 LOC | 12,115 | 12,115 |
Massachusetts Dev. Finance Agency Rev. (Fay School Issue) VRDO | 0.260% | 11/5/10 LOC | 5,400 | 5,400 |
Massachusetts Dev. Finance Agency Rev. (Shady Hill) VRDO | 0.260% | 11/5/10 LOC | 10,000 | 10,000 |
Massachusetts Dev. Finance Agency Rev. (Wentworth Institute of Technology) VRDO | 0.300% | 11/5/10 LOC | 16,600 | 16,600 |
1 Massachusetts Educ. Finance Auth. Educ. Loan Rev. TOB VRDO | 0.340% | 11/5/10 (12) | 4,390 | 4,390 |
Massachusetts GO | 5.000% | 1/1/11 (Prere.) | 4,000 | 4,030 |
Massachusetts GO CP | 0.300% | 11/4/10 | 60,000 | 60,000 |
Massachusetts GO RAN | 2.000% | 5/26/11 | 20,000 | 20,191 |
Massachusetts GO RAN | 2.000% | 6/23/11 | 41,875 | 42,324 |
1 Massachusetts GO TOB VRDO | 0.270% | 11/5/10 | 31,235 | 31,235 |
1 Massachusetts GO TOB VRDO | 0.270% | 11/5/10 | 23,935 | 23,935 |
1 Massachusetts GO TOB VRDO | 0.270% | 11/5/10 | 36,740 | 36,740 |
1 Massachusetts GO TOB VRDO | 0.290% | 11/5/10 LOC | 15,250 | 15,250 |
1 Massachusetts GO TOB VRDO | 0.290% | 11/5/10 LOC | 8,500 | 8,500 |
1 Massachusetts GO TOB VRDO | 0.300% | 11/5/10 | 13,545 | 13,545 |
1 Massachusetts GO TOB VRDO | 0.330% | 11/5/10 (4) | 1,850 | 1,850 |
Massachusetts GO VRDO | 0.260% | 11/5/10 | 11,500 | 11,500 |
Massachusetts GO VRDO | 0.280% | 11/5/10 | 3,000 | 3,000 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Cil Realty) VRDO | 0.250% | 11/5/10 LOC | 4,000 | 4,000 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Harvard Univ.) CP | 0.310% | 1/14/11 | 8,500 | 8,500 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Partners Healthcare System Inc.) CP | 0.340% | 11/4/10 | 10,000 | 10,000 |
Massachusetts Health & Educ. Fac. Auth. Rev. VRDO | 0.260% | 11/5/10 LOC | 28,700 | 28,700 |
1 Massachusetts Health & Educ. Fac. Auth. TOB VRDO | 0.280% | 11/5/10 | 10,000 | 10,000 |
1 Massachusetts Housing Finance Agency Housing Rev. TOB VRDO | 0.340% | 11/5/10 | 5,515 | 5,515 |
1 Massachusetts School Building Auth. Dedicated Sales Tax Rev. TOB VRDO | 0.280% | 11/5/10 | 7,535 | 7,535 |
1 Massachusetts Water Pollution Abatement Trust TOB VRDO | 0.280% | 11/5/10 | 3,240 | 3,240 |
1 Massachusetts Water Resources Auth. Rev. TOB VRDO | 0.280% | 11/5/10 (4) | 7,300 | 7,300 |
1 Massachusetts Water Resources Auth. Rev. TOB VRDO | 0.280% | 11/5/10 | 5,000 | 5,000 |
Massachusetts Water Resources Auth. Rev. VRDO | 0.290% | 11/5/10 | 22,685 | 22,685 |
| | | | 475,744 |
Michigan (3.1%) | | | | |
Jackson County MI Hosp. Finance Auth. Rev. (W.A. Foote Memorial Hosp.) VRDO | 0.280% | 11/5/10 (12) | 10,000 | 10,000 |
Kent Hosp. MI Finance Auth. Rev. (Spectrum Health) VRDO | 0.270% | 11/5/10 LOC | 30,000 | 30,000 |
Michigan Building Auth. CP | 0.320% | 11/18/10 LOC | 23,270 | 23,270 |
Michigan Finance Auth. State Aid RAN | 2.000% | 8/19/11 | 15,000 | 15,142 |
Michigan Finance Auth. State Aid RAN | 2.000% | 8/22/11 LOC | 27,000 | 27,348 |
Michigan GO TAN | 2.000% | 9/30/11 | 44,000 | 44,623 |
Michigan Higher Educ. Fac. Auth. Rev. VRDO | 0.270% | 11/5/10 LOC | 16,235 | 16,235 |
1 Michigan Higher Educ. Student Loan Auth. Rev. TOB VRDO | 0.330% | 11/5/10 LOC | 59,245 | 59,245 |
1 Michigan Higher Educ. Student Loan Auth. Rev. TOB VRDO | 0.330% | 11/5/10 LOC | 66,995 | 66,995 |
1 Michigan Higher Educ. Student Loan Auth. Rev. TOB VRDO | 0.330% | 11/5/10 LOC | 67,945 | 67,945 |
1 Michigan Higher Educ. Student Loan Auth. Rev. TOB VRDO | 0.330% | 11/5/10 LOC | 36,545 | 36,545 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) VRDO | 0.260% | 11/5/10 | 20,545 | 20,545 |
18
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) VRDO | 0.260% | 11/5/10 | 15,000 | 15,000 |
Michigan Hosp. Finance Auth. Rev. (Holland Community Hosp.) VRDO | 0.270% | 11/5/10 LOC | 7,000 | 7,000 |
Michigan Hosp. Finance Auth. Rev. (Trinity Health) CP | 0.280% | 11/3/10 | 11,420 | 11,420 |
Michigan Housing Dev. Auth. Rev. (Rental Housing) VRDO | 0.280% | 11/5/10 | 8,595 | 8,595 |
Michigan Housing Dev. Auth. Single Family Mortgage Rev. VRDO | 0.280% | 11/5/10 LOC | 23,220 | 23,220 |
Michigan Housing Dev. Auth. Single Family Mortgage Rev. VRDO | 0.330% | 11/5/10 LOC | 20,000 | 20,000 |
1 Michigan Muni. Bond Auth. Rev. TOB VRDO | 0.280% | 11/5/10 | 3,845 | 3,845 |
Michigan State Univ. CP | 0.300% | 1/7/11 | 18,250 | 18,250 |
Oakland County MI Econ. Dev. Corp. (Cranbrook Educ. Community Project) VRDO | 0.270% | 11/5/10 LOC | 16,215 | 16,215 |
Oakland Univ. of Michigan Rev. VRDO | 0.280% | 11/5/10 LOC | 11,100 | 11,100 |
Univ. of Michigan Hosp. Rev. (Medical Service Plan) VRDO | 0.240% | 11/5/10 | 1,600 | 1,600 |
Univ. of Michigan Hosp. Rev. VRDO | 0.220% | 11/5/10 | 1,530 | 1,530 |
Wayne County Michigan Airport Auth. Rev. (Detroit Metropolitan Wayne County Airport) VRDO | 0.280% | 11/5/10 LOC | 12,100 | 12,100 |
1 Wayne MI Univ. of Michigan Univ. Rev. TOB VRDO | 0.330% | 11/5/10 (4) | 5,295 | 5,295 |
| | | | 573,063 |
Minnesota (1.7%) | | | | |
1 Hennepin County MN Sales Tax Rev. TOB VRDO | 0.270% | 11/5/10 | 23,640 | 23,640 |
Minneapolis MN GO | 2.000% | 12/1/10 | 3,145 | 3,149 |
Minneapolis MN GO | 3.000% | 12/1/10 | 2,525 | 2,531 |
1 Minneapolis MN Health Care System (Fairview Health Services) TOB VRDO | 0.280% | 11/5/10 LOC | 15,000 | 15,000 |
Minnesota Agriculture & Econ. Dev. Board Rev. | 6.375% | 11/15/10 (Prere.) | 7,200 | 7,288 |
1 Minnesota GO TOB VRDO | 0.280% | 11/5/10 | 3,510 | 3,510 |
Minnesota Higher Educ. Fac. Auth. Rev. (Carleton College) VRDO | 0.250% | 11/5/10 | 8,650 | 8,650 |
Minnesota Housing Finance Agency Residential Housing Finance VRDO | 0.300% | 11/5/10 LOC | 14,500 | 14,500 |
Minnesota Housing Finance Agency Residential Housing Finance VRDO | 0.300% | 11/5/10 | 6,800 | 6,800 |
Minnesota Office of Higher Education Rev. (Supply Student Loan) VRDO | 0.320% | 11/5/10 LOC | 7,000 | 7,000 |
Minnesota School Dist. Tax & Aid Anticipation Borrowing Program TRAN | 2.000% | 9/1/11 | 10,000 | 10,137 |
Regents of the Univ. of Minnesota CP | 0.300% | 11/8/10 | 4,000 | 4,000 |
Regents of the Univ. of Minnesota CP | 0.300% | 11/8/10 | 10,000 | 10,000 |
Regents of the Univ. of Minnesota CP | 0.300% | 1/10/11 | 10,000 | 10,000 |
Rochester MN Healthcare Fac. Rev. (Mayo Foundation) CP | 0.270% | 11/3/10 | 6,000 | 6,000 |
Rochester MN Healthcare Fac. Rev. (Mayo Foundation) CP | 0.290% | 11/8/10 | 10,000 | 10,000 |
Rochester MN Healthcare Fac. Rev. (Mayo Foundation) CP | 0.270% | 11/9/10 | 15,000 | 15,000 |
Rochester MN Healthcare Fac. Rev. (Mayo Foundation) CP | 0.270% | 11/9/10 | 20,000 | 20,000 |
Rochester MN Healthcare Fac. Rev. (Mayo Foundation) CP | 0.290% | 11/9/10 | 10,000 | 10,000 |
Rochester MN Healthcare Fac. Rev. (Mayo Foundation) CP | 0.300% | 11/9/10 | 12,500 | 12,500 |
Rochester MN Healthcare Fac. Rev. (Mayo Foundation) CP | 0.280% | 11/15/10 | 25,000 | 25,000 |
Rochester MN Healthcare Fac. Rev. (Mayo Foundation) CP | 0.280% | 11/22/10 | 11,000 | 11,000 |
Rochester MN Healthcare Fac. Rev. (Mayo Foundation) CP | 0.300% | 12/15/10 | 25,000 | 25,000 |
Rochester MN Healthcare Fac. Rev. (Mayo Foundation) CP | 0.300% | 1/10/11 | 12,500 | 12,500 |
Rochester MN Healthcare Fac. Rev. (Mayo Foundation) CP | 0.300% | 1/11/11 | 7,000 | 7,000 |
Rochester MN Healthcare Fac. Rev. (Mayo Foundation) CP | 0.320% | 2/3/11 | 13,000 | 13,000 |
Univ. of Minnesota CP | 0.300% | 12/1/10 | 6,250 | 6,250 |
Univ. of Minnesota CP | 0.300% | 1/7/11 | 12,000 | 12,000 |
| | | | 311,455 |
Mississippi (0.7%) | | | | |
Mississippi Business Finance Corp. Gulf Opportunity Zone IDR | | | | |
(Chevron USA Inc. Project) VRDO | 0.240% | 11/5/10 | 8,000 | 8,000 |
Mississippi Business Finance Corp. Gulf Opportunity Zone IDR | | | | |
(SG Resources Mississippi, LLC Project) | 0.280% | 11/5/10 LOC | 38,000 | 38,000 |
Mississippi Business Finance Corp. Mississippi Gulf Opportunity Zone | | | | |
(Chevron USA Inc. Project) VRDO | 0.280% | 11/5/10 LOC | 12,000 | 12,000 |
Mississippi Business Finance Corp. Rev. (Hattiesburg Project) VRDO | 0.270% | 11/5/10 LOC | 10,900 | 10,900 |
Mississippi Business Finance Corp. Rev. VRDO | 0.270% | 11/5/10 LOC | 17,000 | 17,000 |
Mississippi Business Financing Corp. Health Care Fac. Corp. Rev. | | | | |
(Rush Medical Foundation Project) VRDO | 0.250% | 11/5/10 LOC | 10,000 | 10,000 |
Mississippi Dev. Bank Special Obligation (Magnolia Regional Health Project) VRDO | 0.280% | 11/5/10 LOC | 5,000 | 5,000 |
1 Mississippi Dev. Bank Special Obligation Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 5,000 | 5,000 |
Mississippi GO BAN | 1.250% | 11/17/10 | 20,000 | 20,008 |
Mississippi Hosp. Equipment & Fac. Auth. Rev. (North Mississippi Health Services) VRDO | 0.240% | 11/5/10 | 8,000 | 8,000 |
| | | | 133,908 |
Missouri (1.8%) | | | | |
1 Columbia MO Special Oblig. Electrical Improvement Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 16,680 | 16,680 |
Curators of the Univ. of Missouri System Fac. Rev. VRDO | 0.270% | 11/1/10 | 6,140 | 6,140 |
Curators of the Univ. of Missouri System Fac. Rev. VRDO | 0.240% | 11/5/10 | 23,865 | 23,865 |
Kansas City MO IDA Rev. (Downtown Redevelopment) VRDO | 0.280% | 11/5/10 LOC | 34,700 | 34,700 |
Kansas City MO IDA Rev. (Downtown Redevelopment) VRDO | 0.280% | 11/5/10 LOC | 7,900 | 7,900 |
19
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Missouri Environmental Improvement & Energy Resource Auth. | | | | |
Water Pollution Control and Drinking Water Revenue | 2.000% | 1/1/11 | 3,240 | 3,249 |
Missouri Health & Educ. Fac. Auth. (Assemblies of God College) VRDO | 0.500% | 11/5/10 LOC | 8,220 | 8,220 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (Bethesda Health Group) VRDO | 0.290% | 11/1/10 LOC | 27,215 | 27,215 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (Cox Health) CP | 0.290% | 11/3/10 LOC | 7,000 | 7,000 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (Sisters of Mercy Health Care System) VRDO | 0.240% | 11/5/10 | 60,000 | 60,000 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (Sisters of Mercy Health Care System) VRDO | 0.240% | 11/5/10 | 16,700 | 16,700 |
Missouri Health & Educ. Fac. Auth. Rev. (Ascension Health) PUT | 0.480% | 5/4/11 | 20,000 | 20,000 |
Missouri Higher Educ. Student Loan Auth. VRDO | 0.290% | 11/5/10 LOC | 30,250 | 30,250 |
Missouri Highways & Transp. Comm. Road Rev. VRDO | 0.270% | 11/5/10 LOC | 11,400 | 11,400 |
1 Missouri Highways & Transp. Commission Rev. (State Road) TOB VRDO | 0.270% | 11/5/10 | 25,425 | 25,425 |
1 Missouri Housing Dev. Corp. Single Family Mortgage Rev. TOB VRDO | 0.430% | 11/5/10 | 4,795 | 4,795 |
1 Missouri State Health & Educ. Fac. Auth. Rev. (Washington Univ.) TOB VRDO | 0.270% | 11/5/10 | 14,005 | 14,005 |
St. Louis MO General Fund RAN | 2.000% | 6/1/11 | 20,000 | 20,168 |
| | | | 337,712 |
Montana (0.1%) | | | | |
Montana Board of Investments PUT | 0.500% | 3/1/11 | 14,650 | 14,650 |
|
Multiple States (3.5%) | | | | |
Federal Home Loan Mortgage Corp. Multifamily Housing TOB VRDO | 0.320% | 11/5/10 LOC | 38,756 | 38,756 |
1 Federal Home Loan Mortgage Corp. Multifamily Housing TOB VRDO | 0.330% | 11/5/10 LOC | 19,150 | 19,150 |
1 Federal Home Loan Mortgage Corp. Multifamily Housing TOB VRDO | 0.350% | 11/5/10 | 299,920 | 299,920 |
1 Nuveen Municipal Advantage Fund VRDP VRDO | 0.480% | 11/5/10 LOC | 34,100 | 34,100 |
1 Nuveen Municipal Market Opportunity Fund VRDP VRDO | 0.480% | 11/5/10 LOC | 97,500 | 97,500 |
1 Nuveen Premium Income Municipal Fund 4 VRDP VRDO | 0.480% | 11/5/10 LOC | 150,000 | 150,000 |
| | | | 639,426 |
Nebraska (1.5%) | | | | |
Central Plains Energy Project Nebraska Gas Project Rev. (Project No. 2) VRDO | 0.280% | 11/5/10 | 79,670 | 79,670 |
1 Nebraska Investment Finance Auth. Single Family Housing Rev. TOB VRDO | 0.340% | 11/5/10 | 2,250 | 2,250 |
Nebraska Investment Finance Auth. Single Family Housing Rev. VRDO | 0.260% | 11/5/10 | 32,560 | 32,560 |
Nebraska Investment Finance Auth. Single Family Housing Rev. VRDO | 0.260% | 11/5/10 | 14,050 | 14,050 |
Nebraska Investment Finance Auth. Single Family Housing Rev. VRDO | 0.260% | 11/5/10 | 15,550 | 15,550 |
Nebraska Investment Finance Auth. Single Family Housing Rev. VRDO | 0.260% | 11/5/10 | 14,820 | 14,820 |
1 Nebraska Investment Finance Auth. Single Family Housing Rev. VRDO | 0.310% | 11/5/10 LOC | 6,000 | 6,000 |
1 Nebraska Public Power Dist. Rev. TOB VRDO | 0.280% | 11/5/10 (4) | 14,925 | 14,925 |
1 Nebraska Public Power Dist. Rev. TOB VRDO | 0.290% | 11/5/10 (13) | 15,995 | 15,995 |
1 Omaha NE Public Fac. Corp. Lease Rev. TOB VRDO | 0.280% | 11/5/10 | 12,345 | 12,345 |
1 Omaha NE Public Power Dist. Electric Rev. TOB VRDO | 0.270% | 11/5/10 | 10,150 | 10,150 |
1 Omaha NE Public Power Dist. Electric Rev. TOB VRDO | 0.280% | 11/5/10 | 6,975 | 6,975 |
1 Omaha NE Public Power Dist. Electric Rev. TOB VRDO | 0.290% | 11/5/10 (13) | 34,610 | 34,610 |
1 Omaha NE Public Power Dist. Electric Rev. TOB VRDO | 0.290% | 11/5/10 (13) | 9,810 | 9,810 |
| | | | 269,710 |
Nevada (1.2%) | | | | |
Clark County NV Airport Rev. BAN | 2.500% | 6/1/11 | 22,000 | 22,238 |
1 Clark County NV GO TOB VRDO | 0.270% | 11/5/10 | 8,430 | 8,430 |
1 Clark County NV GO TOB VRDO | 0.270% | 11/5/10 LOC | 27,880 | 27,880 |
1 Clark County NV GO TOB VRDO | 0.300% | 11/5/10 | 9,770 | 9,770 |
Clark County NV Ind. Dev. Rev. (Southwest Gas Corp.) VRDO | 0.280% | 11/5/10 LOC | 11,700 | 11,700 |
1 Clark County NV School Dist. GO TOB VRDO | 0.270% | 11/5/10 | 6,265 | 6,265 |
1 Clark County NV Water Reclamation Dist. GO TOB VRDO | 0.280% | 11/5/10 | 6,085 | 6,085 |
1 Clark County NV Water Reclamation Dist. GO TOB VRDO | 0.280% | 11/5/10 | 7,495 | 7,495 |
1 Clark County NV Water Reclamation Dist. GO TOB VRDO | 0.280% | 11/5/10 | 5,000 | 5,000 |
1 Las Vegas NV GO TOB VRDO | 0.280% | 11/5/10 | 10,850 | 10,850 |
1 Las Vegas Valley Water Dist. Nevada GO TOB VRDO | 0.270% | 11/5/10 | 15,190 | 15,190 |
1 Las Vegas Valley Water Dist. Nevada GO TOB VRDO | 0.280% | 11/5/10 | 4,685 | 4,685 |
Las Vegas Valley Water Dist. NV CP | 0.320% | 2/10/11 | 16,145 | 16,145 |
Las Vegas Valley Water Dist. NV CP | 0.320% | 2/10/11 | 36,000 | 36,000 |
1 Nevada Higher Education Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 13,050 | 13,050 |
Nevada Housing Division Multi-Unit Housing City Center VRDO | 0.410% | 11/5/10 LOC | 7,440 | 7,440 |
1 Nevada System of Higher Educ. Univ. Rev. TOB VRDO | 0.330% | 11/5/10 | 10,595 | 10,595 |
Reno NV Hosp. Rev. (Renown Regional Medical Center Project) VRDO | 0.270% | 11/5/10 LOC | 5,500 | 5,500 |
| | | | 224,318 |
New Hampshire (0.1%) | | | | |
1 New Hampshire Health & Educ. Fac. Auth. Rev. TOB VRDO | 0.280% | 11/5/10 | 10,000 | 10,000 |
1 New Hampshire State Housing Finance Auth. Single Family Mortgage Rev. TOB VRDO | 0.410% | 11/5/10 | 2,775 | 2,775 |
1 New Hampshire State Housing Finance Auth. Single Family Mortgage Rev. TOB VRDO | 0.410% | 11/5/10 | 2,545 | 2,545 |
| | | | 15,320 |
20
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
New Jersey (0.7%) | | | | |
1 New Jersey GO TOB PUT | 0.300% | 11/5/10 | 100,000 | 100,000 |
1 New Jersey Transp. Trust Fund Auth. Rev. TOB VRDO | 0.270% | 11/5/10 | 9,920 | 9,920 |
1 Nuveen New Jersey Premium Income Municipal Fund VRDP VRDO | 0.530% | 11/5/10 LOC | 20,000 | 20,000 |
| | | | 129,920 |
New Mexico (1.1%) | | | | |
New Mexico Educ. Assistance Foundation Rev. VRDO | 0.310% | 11/5/10 LOC | 4,600 | 4,600 |
New Mexico Educ. Assistance Foundation Rev. VRDO | 0.310% | 11/5/10 LOC | 4,600 | 4,600 |
New Mexico Educ. Assistance Foundation Rev. VRDO | 0.310% | 11/5/10 LOC | 10,300 | 10,300 |
New Mexico Educ. Assistance Foundation Rev. VRDO | 0.310% | 11/5/10 LOC | 10,000 | 10,000 |
New Mexico Educ. Assistance Foundation Rev. VRDO | 0.310% | 11/5/10 LOC | 4,300 | 4,300 |
1 New Mexico Educ. Assistance Foundation TOB VRDO | 0.390% | 11/5/10 | 24,495 | 24,495 |
1 New Mexico Finance Auth. Rev. TOB VRDO | 0.300% | 11/5/10 | 10,715 | 10,715 |
1 New Mexico Hosp. Equipment Loan Council Hosp. System Rev. | | | | |
(Presbyterian Healthcare Services) TOB VRDO | 0.280% | 11/5/10 | 7,375 | 7,375 |
New Mexico Hosp. Equipment Loan Council Hosp. System Rev. | | | | |
(Presbyterian Healthcare Services) VRDO | 0.270% | 11/5/10 | 20,605 | 20,605 |
New Mexico Hosp. Equipment Loan Council Hosp. System Rev. | | | | |
(Presbyterian Healthcare Services) VRDO | 0.270% | 11/5/10 | 10,505 | 10,505 |
New Mexico Mun. Energy Acquisition Auth. (Gas Supply) VRDO | 0.280% | 11/5/10 | 70,100 | 70,100 |
New Mexico TRAN | 2.000% | 6/30/11 | 20,000 | 20,224 |
| | | | 197,819 |
New York (3.6%) | | | | |
Liberty NY Dev. Corp. Rev. (Greenwich LLC) VRDO | 0.270% | 11/5/10 LOC | 21,000 | 21,000 |
Metro. New York Transp. Auth. Rev. (Dedicated Tax Fund) VRDO | 0.250% | 11/5/10 LOC | 18,205 | 18,205 |
Metro. New York Transp. Auth. Rev. VRDO | 0.250% | 11/5/10 LOC | 35,790 | 35,790 |
1 New York City NY GO TOB VRDO | 0.280% | 11/5/10 | 7,125 | 7,125 |
New York City NY GO VRDO | 0.240% | 11/5/10 LOC | 6,905 | 6,905 |
New York City NY Housing Dev. Corp. Rev. (Monterey) VRDO | 0.250% | 11/5/10 LOC | 27,000 | 27,000 |
New York City NY Housing Dev. Corp. Rev. (Multi-Family Rent Housing - Gold Street) VRDO | 0.250% | 11/5/10 | 22,500 | 22,500 |
New York City NY IDA Rev. (New York Law School) VRDO | 0.260% | 11/5/10 LOC | 20,000 | 20,000 |
New York City NY Muni. Water Finance Auth. CP | 0.300% | 11/10/10 | 45,000 | 45,000 |
1 New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. TOB VRDO | 0.280% | 11/5/10 | 3,470 | 3,470 |
New York City NY Transitional Finance Auth. Rev. VRDO | 0.270% | 11/5/10 | 16,625 | 16,625 |
New York City NY Transitional Finance Auth. Rev. VRDO | 0.270% | 11/5/10 | 15,000 | 15,000 |
New York Liberty Dev. Corp. Rev. PUT | 0.320% | 11/18/10 (Prere.) | 300,000 | 300,000 |
New York State Dormitory Auth. Rev. (Mental Health Services) VRDO | 0.240% | 11/5/10 LOC | 12,200 | 12,200 |
1 New York State Dormitory Auth. Rev. TOB VRDO | 0.280% | 11/5/10 | 6,420 | 6,420 |
1 New York State Dormitory Auth. State Personal Income Tax Rev. TOB VRDO | 0.280% | 11/5/10 | 3,510 | 3,510 |
New York State Housing Finance Agency Rev. (Bowery Place) VRDO | 0.240% | 11/5/10 LOC | 25,200 | 25,200 |
1 Nuveen New York Investment Quality Municipal Fund VRDP VRDO | 0.530% | 11/5/10 LOC | 20,000 | 20,000 |
Suffolk County NY TAN | 1.500% | 9/13/11 | 15,000 | 15,145 |
Suffolk County NY TAN | 2.000% | 9/13/11 | 15,000 | 15,210 |
1 Triborough Bridge & Tunnel Auth. New York Rev. TOB VRDO | 0.280% | 11/5/10 | 4,000 | 4,000 |
Triborough Bridge & Tunnel Auth. New York Rev. VRDO | 0.270% | 11/5/10 (4) | 25,000 | 25,000 |
| | | | 665,305 |
North Carolina (4.5%) | | | | |
Cary NC GO VRDO | 0.240% | 11/5/10 | 25,830 | 25,830 |
Charlotte NC Airport Rev. VRDO | 0.270% | 11/5/10 LOC | 6,200 | 6,200 |
Charlotte NC GO CP | 0.450% | 2/7/11 | 6,694 | 6,694 |
Charlotte NC GO CP | 0.470% | 2/7/11 | 7,788 | 7,788 |
1 Charlotte NC GO TOB VRDO | 0.280% | 11/5/10 | 5,745 | 5,745 |
1 Charlotte NC Water & Sewer System Rev. TOB VRDO | 0.280% | 11/5/10 | 5,975 | 5,975 |
Durham NC VRDO | 0.280% | 11/5/10 LOC | 32,985 | 32,985 |
Forsyth County NC VRDO | 0.270% | 11/5/10 | 1,900 | 1,900 |
Guilford County NC GO VRDO | 0.300% | 11/5/10 | 6,700 | 6,700 |
Lower Cape Fear NC Water & Sewer Auth. Special Fac. Rev. (Bladen Bluffs Project) VRDO | 0.270% | 11/5/10 LOC | 6,065 | 6,065 |
Mecklenburg County NC COP VRDO | 0.300% | 11/5/10 | 9,000 | 9,000 |
Mecklenburg County NC GO VRDO | 0.270% | 11/5/10 | 21,000 | 21,000 |
Mecklenburg County NC GO VRDO | 0.350% | 11/5/10 | 7,000 | 7,000 |
Mecklenburg County NC GO VRDO | 0.350% | 11/5/10 | 7,000 | 7,000 |
Mecklenburg County NC GO VRDO | 0.350% | 11/5/10 | 7,000 | 7,000 |
North Carolina Capital Fac. Finance Agency (YMCA of Greater Winston-Salem) VRDO | 0.270% | 11/5/10 LOC | 10,200 | 10,200 |
North Carolina Capital Fac. Finance Agency Educ. Fac. Rev. (Campbell Univ.) VRDO | 0.300% | 11/5/10 LOC | 11,400 | 11,400 |
North Carolina Capital Fac. Finance Agency Educ. Fac. Rev. (Methodist College) VRDO | 0.270% | 11/5/10 LOC | 15,095 | 15,095 |
1 North Carolina Capital Fac. Finance Agency Educ. Fac. Rev. (Wake Forest Univ.) TOB VRDO | 0.280% | 11/5/10 | 5,265 | 5,265 |
1 North Carolina Capital Fac. Finance Agency Rev. (Duke Univ. Project) TOB VRDO | 0.280% | 11/5/10 | 10,000 | 10,000 |
1 North Carolina Capital Fac. Finance Agency Rev. (Duke Univ.) TOB VRDO | 0.280% | 11/5/10 | 15,700 | 15,700 |
21
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
1 North Carolina Capital Fac. Finance Agency Rev. (Duke Univ.) TOB VRDO | 0.280% | 11/5/10 | 12,000 | 12,000 |
1 North Carolina Capital Fac. Finance Agency Rev. (Duke Univ.) TOB VRDO | 0.280% | 11/5/10 | 14,100 | 14,100 |
1 North Carolina Capital Fac. Finance Agency Rev. (Duke Univ.) TOB VRDO | 0.280% | 11/5/10 | 11,100 | 11,100 |
North Carolina Capital Fac. Finance Agency Rev. (Lenior-Rhyne College) VRDO | 0.270% | 11/5/10 LOC | 15,595 | 15,595 |
North Carolina Capital Fac. Finance Agency Rev. (Triangle Aquatic Center Project) VRDO | 0.270% | 11/5/10 LOC | 7,470 | 7,470 |
North Carolina Capital Fac. Finance Agency Rev. (YMCA of the Triangle) VRDO | 0.400% | 11/5/10 LOC | 14,450 | 14,450 |
North Carolina Educ. Fac. Finance Auth. (Duke Univ.) VRDO | 0.230% | 11/5/10 | 11,450 | 11,450 |
North Carolina GO | 4.000% | 5/1/11 | 19,385 | 19,733 |
1 North Carolina Infrastructure Financial Corp. COP TOB VRDO | 0.280% | 11/5/10 | 29,085 | 29,085 |
North Carolina Medical Care Comm. Health Care Fac. (Duke Univ. Health System) VRDO | 0.280% | 11/5/10 | 67,715 | 67,715 |
North Carolina Medical Care Comm. Health Care Fac. (Lenoir Memorial Hosp. Project) VRDO | 0.270% | 11/5/10 LOC | 8,315 | 8,315 |
North Carolina Medical Care Comm. Health Care Fac. (Lenoir Memorial Hosp. Project) VRDO | 0.300% | 11/5/10 LOC | 13,855 | 13,855 |
North Carolina Medical Care Comm. Health Care Fac. Rev. (Univ. Health System Eastern) VRDO | 0.350% | 11/5/10 LOC | 11,260 | 11,260 |
North Carolina Medical Care Comm. Health Care Fac. Rev. | | | | |
(Univ. Health Systems of Eastern Carolina) VRDO | 0.260% | 11/5/10 LOC | 26,210 | 26,210 |
North Carolina Medical Care Comm. Health Care Fac. Rev. (Univ. Health) VRDO | 0.270% | 11/5/10 LOC | 18,700 | 18,700 |
North Carolina Medical Care Comm. Health Care Fac. Rev. (Univ. Health) VRDO | 0.280% | 11/5/10 LOC | 15,445 | 15,445 |
North Carolina Medical Care Comm. Health Care Fac. Rev. (Wake Forest Univ.) VRDO | 0.280% | 11/5/10 LOC | 38,050 | 38,050 |
North Carolina Medical Care Comm. Health Care Fac. Rev. (Wake Forest Univ.) VRDO | 0.350% | 11/5/10 LOC | 5,000 | 5,000 |
North Carolina Medical Care Comm. Health Care Fac. Rev. (WakeMed) VRDO | 0.270% | 11/5/10 LOC | 14,295 | 14,295 |
North Carolina Medical Care Comm. Hosp. (Moses H. Cone Memorial Hosp.) VRDO | 0.270% | 11/5/10 | 36,960 | 36,960 |
1 North Carolina Medical Care Comm. Hosp. Rev. (Baptist Hosp.) TOB VRDO | 0.280% | 11/5/10 | 5,000 | 5,000 |
North Carolina Medical Care Comm. Hosp. Rev. (Baptist Hosp.) VRDO | 0.290% | 11/5/10 LOC | 9,680 | 9,680 |
1 North Carolina State Capital Improvement TOB VRDO | 0.270% | 11/5/10 | 10,800 | 10,800 |
North Carolina State Educ. Assistance Rev. Student Loan VRDO | 0.320% | 11/5/10 LOC | 42,400 | 42,400 |
North Carolina State Educ. Assistance Rev. Student Loan VRDO | 0.340% | 11/5/10 LOC | 24,200 | 24,200 |
Raleigh Durham NC Airport Auth. Rev. VRDO | 0.280% | 11/5/10 LOC | 12,750 | 12,750 |
1 Sampson County NC TOB VRDO | 0.290% | 11/5/10 LOC | 5,000 | 5,000 |
Union County NC GO VRDO | 0.290% | 11/5/10 | 3,600 | 3,600 |
Union County NC GO VRDO | 0.290% | 11/5/10 | 6,095 | 6,095 |
Univ. of North Carolina Chapel Hill Foundation VRDO | 0.270% | 11/5/10 | 15,855 | 15,855 |
1 Univ. of North Carolina Univ. Rev. TOB VRDO | 0.280% | 11/5/10 | 6,710 | 6,710 |
1 Univ. of North Carolina Univ. Rev. TOB VRDO | 0.280% | 11/5/10 | 4,965 | 4,965 |
1 Univ. of North Carolina Univ. Rev. TOB VRDO | 0.300% | 11/5/10 | 6,900 | 6,900 |
Wake County NC Public Improvement GO VRDO | 0.250% | 11/5/10 | 21,000 | 21,000 |
1 Wake County NC TOB VRDO | 0.280% | 11/5/10 | 6,755 | 6,755 |
Winston-Salem NC Water & Sewer System Rev. VRDO | 0.280% | 11/5/10 | 6,000 | 6,000 |
Winston-Salem NC Water & Sewer System Rev. VRDO | 0.280% | 11/5/10 | 22,500 | 22,500 |
| | | | 825,540 |
North Dakota (0.2%) | | | | |
North Dakota State Housing Fin. Agency Rev. VRDO | 0.250% | 11/5/10 | 21,850 | 21,850 |
North Dakota State Housing Fin. Agency Rev. VRDO | 0.290% | 11/5/10 | 9,800 | 9,800 |
| | | | 31,650 |
Ohio (2.6%) | | | | |
Akron OH BAN | 1.250% | 12/9/10 | 7,000 | 7,005 |
Allen County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) VRDO | 0.280% | 11/5/10 LOC | 8,000 | 8,000 |
Allen County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) VRDO | 0.290% | 11/5/10 LOC | 8,100 | 8,100 |
Cleveland OH Water Rev. BAN | 2.000% | 7/28/11 | 21,000 | 21,193 |
Cleveland-Cuyahoga County OH Port Auth. Rev. (Carnegie/89th Garage) VRDO | 0.250% | 11/5/10 LOC | 10,485 | 10,485 |
Columbus OH Regional Airport Auth. Airport Refunding Rev. | | | | |
(Oasbo Expanded Asset Program) VRDO | 0.290% | 11/5/10 LOC | 10,000 | 10,000 |
Columbus OH Regional Airport Auth. Airport Refunding Rev. | | | | |
(Oasbo Expanded Asset Program) VRDO | 0.290% | 11/5/10 LOC | 45,600 | 45,600 |
Delaware County OH Port Auth. Econ. Dev. Rev. (Columbus Zoological Park) VRDO | 0.280% | 11/5/10 LOC | 4,300 | 4,300 |
Franklin County OH Hosp. Rev. (OhioHealth Corp.) VRDO | 0.250% | 11/5/10 LOC | 7,025 | 7,025 |
Franklin County OH Hosp. Rev. (OhioHealth Corp.) VRDO | 0.270% | 11/5/10 | 34,500 | 34,500 |
Franklin County OH Hosp. Rev. (U.S. Health Corp.) VRDO | 0.250% | 11/5/10 LOC | 13,030 | 13,030 |
Hocking Technical College Dist. OH (Residence Hall Fac. Project) VRDO | 0.250% | 11/5/10 LOC | 10,400 | 10,400 |
Lancaster Port Auth. Ohio Gas Rev. VRDO | 0.280% | 11/5/10 | 56,915 | 56,915 |
1 Lorain County OH Hosp. Rev. (Catholic Healthcare Partners) TOB VRDO | 0.270% | 11/5/10 (4) | 15,010 | 15,010 |
Miamisburg OH City School Dist. BAN | 1.500% | 7/20/11 | 13,500 | 13,577 |
1 Ohio Collateralized Air Quality Dev. Rev. (Dayton Power and Light Company Project) TOB VRDO | 0.340% | 11/5/10 (13) | 5,320 | 5,320 |
Ohio Common Schools GO VRDO | 0.240% | 11/5/10 | 28,630 | 28,630 |
Ohio GO VRDO | 0.240% | 11/5/10 | 31,195 | 31,195 |
Ohio GO VRDO | 0.240% | 11/5/10 | 13,350 | 13,350 |
Ohio Higher Educ. Fac. Comm. Rev. (Case Western Reserve Univ.) CP | 0.350% | 12/7/10 | 13,000 | 13,000 |
Ohio Infrastructure Improvement GO VRDO | 0.240% | 11/5/10 | 9,750 | 9,750 |
1 Ohio State Hosp. Rev. (Cleveland Clinic Health System Obligated Group) TOB VRDO | 0.300% | 11/1/10 | 3,600 | 3,600 |
Ohio State Univ. General Receipts Rev. VRDO | 0.240% | 11/5/10 | 15,995 | 15,995 |
22
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Ohio State Water Dev. Auth. Pollution Control Loan Fund BAN | 5.000% | 11/1/10 | 10,000 | 10,000 |
Ohio Water Dev. Auth. PCR (FirstEnergy Generation Corp. Project) VRDO | 0.300% | 11/1/10 LOC | 5,000 | 5,000 |
Ohio Water Dev. Auth. PCR (FirstEnergy) VRDO | 0.310% | 11/5/10 LOC | 6,900 | 6,900 |
Ohio Water Dev. Auth. PCR (FirstEnergy) VRDO | 0.330% | 11/5/10 LOC | 10,000 | 10,000 |
Ohio Water Dev. Auth. Rev. (Pure Water) VRDO | 0.250% | 11/5/10 | 8,390 | 8,390 |
Oregon OH BAN | 2.000% | 9/7/11 | 3,500 | 3,537 |
Princeton OH City School Dist. BAN | 2.000% | 11/24/10 | 9,000 | 9,009 |
Toledo Lucas County OH Port Auth. Airport Rev (Flight Safety) VRDO | 0.300% | 11/5/10 (13) | 10,300 | 10,300 |
Univ. of Cincinnati OH General Receipts BAN | 1.250% | 12/16/10 | 3,500 | 3,503 |
Univ. of Cincinnati OH General Receipts BAN | 1.500% | 5/12/11 | 15,900 | 15,944 |
Univ. of Cincinnati OH General Receipts BAN | 1.500% | 7/21/11 | 2,500 | 2,516 |
Univ. of Toledo OH General Receipts VRDO | 0.310% | 11/1/10 LOC | 4,100 | 4,100 |
| | | | 475,179 |
Oklahoma (0.3%) | | | | |
Oklahoma Dev. Finance Auth. Rev. (Integris) VRDO | 0.280% | 11/1/10 (12) | 7,985 | 7,985 |
Oklahoma Dev. Finance Auth. Rev. (Integris) VRDO | 0.270% | 11/5/10 (12) | 8,750 | 8,750 |
1 Oklahoma Housing Finance Agency Single Family Mortgage Rev. TOB VRDO | 0.340% | 11/5/10 | 5,845 | 5,845 |
1 Oklahoma Student Loan Auth. TOB VRDO | 0.270% | 11/5/10 | 12,500 | 12,500 |
Oklahoma Student Loan Auth. VRDO | 0.290% | 11/5/10 LOC | 9,300 | 9,300 |
Oklahoma Turnpike Auth. Rev. VRDO | 0.260% | 11/5/10 | 12,650 | 12,650 |
| | | | 57,030 |
Oregon (1.4%) | | | | |
Clackamas County OR Hosp. Fac. (Providence Health System) CP | 0.300% | 11/4/10 | 10,000 | 10,000 |
Clackamas County OR Hosp. Fac. (Providence Health System) CP | 0.320% | 1/20/11 | 21,525 | 21,525 |
Clackamas County OR Hosp. Fac. (Providence Health System) CP | 0.340% | 2/3/11 | 8,000 | 8,000 |
Oregon Health Sciences Univ. Rev. VRDO | 0.270% | 11/5/10 LOC | 16,900 | 16,900 |
1 Oregon Housing & Community Service Dept. Single Family Mortgage Rev. TOB VRDO | 0.380% | 11/5/10 | 8,665 | 8,665 |
Oregon Housing & Community Service Dept. Single Family Mortgage Rev. VRDO | 0.280% | 11/5/10 | 15,000 | 15,000 |
1 Oregon State Department Administrative Service TOB VRDO | 0.270% | 11/5/10 LOC | 15,470 | 15,470 |
Oregon State Fac. Auth. Rev. (Reed College Projects) VRDO | 0.320% | 11/5/10 | 45,085 | 45,085 |
Oregon State Housing & Community Services Dept. Mortgage Rev. VRDO | 0.250% | 11/5/10 | 6,190 | 6,190 |
Oregon TAN | 2.000% | 6/30/11 | 100,000 | 101,059 |
Salem OR Hosp. Rev. (Salem Hosp. Project) VRDO | 0.270% | 11/5/10 LOC | 20,000 | 20,000 |
| | | | 267,894 |
Pennsylvania (0.7%) | | | | |
1 Allegheny County PA Hosp. Dev. Auth. (Univ. Pittsburgh Medical Center) TOB VRDO | 0.280% | 11/5/10 | 4,000 | 4,000 |
Berks County PA Muni Auth. Rev. (Reading Hosp. & Medical Center) PUT | 0.480% | 1/13/11 | 10,650 | 10,650 |
Emmaus PA General Auth. Rev. VRDO | 0.280% | 11/5/10 LOC | 700 | 700 |
Lackawanna County PA IDA Rev. (Scranton Prep School Proj.) VRDO | 0.270% | 11/5/10 LOC | 12,045 | 12,045 |
Lancaster County PA Convention Center Auth. Rev. VRDO | 0.270% | 11/5/10 LOC | 10,960 | 10,960 |
Lehigh County PA General Purpose Hosp. Auth. Rev. (Good Shephard Group) VRDO | 0.270% | 11/5/10 LOC | 10,625 | 10,625 |
Northampton County PA General Purpose Auth. Univ. Rev. (Lehigh Univ.) VRDO | 0.290% | 11/5/10 | 4,000 | 4,000 |
1 Nuveen Pennsylvania Premium Income Municipal Fund 2 VRDP VRDO | 0.530% | 11/5/10 LOC | 22,000 | 22,000 |
1 Pennsylvania Housing Finance Agency Rev. (Single Family Mortgage) TOB VRDO | 0.340% | 11/5/10 | 16,040 | 16,040 |
Temple Univ. of the Commonwealth System of Higher Educ. Pennsylvania Univ. | | | | |
Funding Obligation RAN | 1.500% | 4/6/11 | 30,000 | 30,125 |
Washington County PA Auth. Rev. (Girard Estate Project) VRDO | 0.280% | 11/5/10 LOC | 14,740 | 14,740 |
| | | | 135,885 |
Rhode Island (0.6%) | | | | |
1 Narragansett RI Commission WasteWater System Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 11,895 | 11,895 |
Rhode Island & Providence Plantations TAN | 2.000% | 6/30/11 | 65,000 | 65,641 |
1 Rhode Island Housing & Mortgage Finance Corp. Rev. TOB VRDO | 0.370% | 11/5/10 | 5,000 | 5,000 |
Rhode Island Housing & Mortgage Finance Corp. Rev. VRDO | 0.310% | 11/5/10 | 25,000 | 25,000 |
Rhode Island Student Loan Auth. Student Loan Rev. VRDO | 0.270% | 11/5/10 LOC | 7,000 | 7,000 |
| | | | 114,536 |
South Carolina (0.8%) | | | | |
Charleston SC Waterworks & Sewer Rev. Capital Improvement VRDO | 0.270% | 11/5/10 | 7,150 | 7,150 |
Charleston SC Waterworks & Sewer Rev. Capital Improvement VRDO | 0.300% | 11/5/10 | 24,190 | 24,190 |
Greenville County SC Hosp. System Rev. VRDO | 0.270% | 11/5/10 LOC | 30,265 | 30,265 |
1 Greenville County SC School Dist. Rev. TOB VRDO | 0.280% | 11/5/10 | 13,865 | 13,865 |
South Carolina GO | 4.000% | 4/1/11 | 2,760 | 2,800 |
South Carolina GO | 5.000% | 4/1/11 | 5,500 | 5,606 |
1 South Carolina Housing Rev. TOB VRDO | 0.280% | 11/5/10 | 6,545 | 6,545 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Fac. Rev. (Sisters of Charity Providence Hosp.) VRDO | 0.270% | 11/5/10 LOC | 5,140 | 5,140 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Rev. (AnMed Health Project) VRDO | 0.260% | 11/5/10 LOC | 11,000 | 11,000 |
South Carolina Jobs Econ. Dev. Auth. Rev. (Electric & Gas) VRDO | 0.370% | 11/5/10 LOC | 7,000 | 7,000 |
1 South Carolina Public Service Auth. Rev. TOB VRDO | 0.290% | 11/5/10 | 5,200 | 5,200 |
1 South Carolina Public Service Auth. Rev. TOB VRDO | 0.330% | 11/5/10 | 5,520 | 5,520 |
23
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
1 South Carolina State Public Service Auth. Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 5,930 | 5,930 |
Univ. of South Carolina School of Medicine Educ. Trust Healthcare Fac. Rev. VRDO | 0.270% | 11/5/10 LOC | 6,075 | 6,075 |
1 York County SC School Dist. (Rock Hill) TOB VRDO | 0.330% | 11/5/10 (4) | 12,440 | 12,440 |
| | | | 148,726 |
South Dakota (0.4%) | | | | |
South Dakota Health & Educ. Fac. Auth. Rev. (Avera Health) VRDO | 0.270% | 11/5/10 LOC | 38,700 | 38,700 |
South Dakota Health & Educ. Fac. Auth. Rev. (Sioux Valley Hosp. & Health System) VRDO | 0.280% | 11/5/10 LOC | 8,780 | 8,780 |
South Dakota Health & Educ. Fac. Auth. Rev. (Sioux Valley Hosp. & Health System) VRDO | 0.280% | 11/5/10 LOC | 15,000 | 15,000 |
South Dakota Housing Dev. Auth. Homeownership Mortgage Rev. VRDO | 0.250% | 11/5/10 | 4,800 | 4,800 |
South Dakota Housing Dev. Auth. Homeownership Mortgage Rev. VRDO | 0.280% | 11/5/10 | 4,500 | 4,500 |
| | | | 71,780 |
Tennessee (3.4%) | | | | |
Blount County & Aloca & Maryville TN Ind. Dev. Board VRDO | 0.300% | 11/5/10 LOC | 5,000 | 5,000 |
Blount County TN Public Building Auth. (Local Govt. Public Improvement Bonds) VRDO | 0.300% | 11/5/10 | 21,400 | 21,400 |
Blount County TN Public Building Auth. (Local Govt. Public Improvement Bonds) VRDO | 0.300% | 11/5/10 LOC | 10,975 | 10,975 |
Blount County TN Public Building Auth. (Local Govt. Public Improvement Bonds) VRDO | 0.300% | 11/5/10 LOC | 5,650 | 5,650 |
Blount County TN Public Building Auth. (Local Govt. Public Improvement Bonds) VRDO | 0.300% | 11/5/10 LOC | 4,000 | 4,000 |
Blount County TN Public Building Auth. (Local Govt. Public Improvement Bonds) VRDO | 0.300% | 11/5/10 LOC | 25,335 | 25,335 |
Blount County TN Public Building Auth. (Local Govt. Public Improvement Bonds) VRDO | 0.300% | 11/5/10 LOC | 14,860 | 14,860 |
Clarksville TN Public Building Auth. Rev. (Pooled Financing) VRDO | 0.300% | 11/5/10 LOC | 17,595 | 17,595 |
Jackson TN Energy Auth. Water System Rev. VRDO | 0.280% | 11/5/10 LOC | 8,340 | 8,340 |
Jackson TN Energy Auth. Water System Rev. VRDO | 0.300% | 11/5/10 LOC | 9,000 | 9,000 |
Johnson City TN Health & Educ. Fac. Board Hosp. Rev. (STS Health Alliance) VRDO | 0.290% | 11/5/10 LOC | 4,415 | 4,415 |
1 Knoxville TN Waste Water System Rev. TOB VRDO | 0.330% | 11/5/10 | 16,385 | 16,385 |
Metro. Govt. of Nashville & Davidson County TN Health & Educ. Fac. (Belmont Univ.) VRDO | 0.280% | 11/5/10 LOC | 12,700 | 12,700 |
Metro. Govt. of Nashville & Davidson County TN Health & Educ. Fac. (Lipscomb Univ.) VRDO | 0.280% | 11/5/10 LOC | 14,700 | 14,700 |
1 Metro. Govt. of Nashville & Davidson County TN Health & Educ. Fac. (Vanderbilt Univ.) TOB VRDO | 0.280% | 11/5/10 | 10,055 | 10,055 |
Metro. Govt. of Nashville & Davidson County TN Water & Sewer CP | 0.320% | 12/8/10 | 7,500 | 7,500 |
Metro. Govt. of Nashville & Davidson County TN Water & Sewer CP | 0.320% | 12/8/10 | 7,500 | 7,500 |
Metro. Govt. of Nashville & Davidson County TN Water & Sewer CP | 0.300% | 1/13/11 | 7,500 | 7,500 |
1 Rutherford County TN Health & Educational Fac. Board Rev. (Ascension Health) TOB VRDO | 0.290% | 11/5/10 | 9,375 | 9,375 |
Sevier County TN Public Building Auth. (Local Govt. Public Improvement Bonds) VRDO | 0.300% | 11/5/10 | 24,800 | 24,800 |
Sevier County TN Public Building Auth. (Local Govt. Public Improvement Bonds) VRDO | 0.300% | 11/5/10 LOC | 4,900 | 4,900 |
Sevier County TN Public Building Auth. (Local Govt. Public Improvement Bonds) VRDO | 0.380% | 11/5/10 LOC | 13,100 | 13,100 |
Shelby County TN GO VRDO | 0.270% | 11/5/10 | 44,750 | 44,750 |
Shelby County TN GO VRDO | 0.280% | 11/5/10 | 8,500 | 8,500 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. (Methodist Le Bonheur) VRDO | 0.260% | 11/5/10 (12) | 75,000 | 75,000 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. (Methodist Le Bonheur) VRDO | 0.280% | 11/5/10 (12) | 120,000 | 120,000 |
Tennessee GO CP | 0.290% | 12/8/10 | 48,685 | 48,685 |
Tennessee GO CP | 0.320% | 1/13/11 | 18,000 | 18,000 |
1 Tennessee Housing Dev. Agency Rev. (Homeownership Program) TOB VRDO | 0.330% | 11/5/10 | 7,795 | 7,795 |
Tennessee Local Dev. Auth. BAN | 2.000% | 6/24/11 | 28,060 | 28,340 |
1 Tennessee State School Bond Auth. TOB VRDO | 0.280% | 11/5/10 | 12,980 | 12,980 |
| | | | 619,135 |
Texas (13.8%) | | | | |
Arlington TX Independent School Dist. GO | 2.000% | 2/15/11 | 7,820 | 7,858 |
1 Austin TX Independent School Dist. TOB VRDO | 0.280% | 11/5/10 | 4,500 | 4,500 |
1 Austin TX Rev. TOB VRDO | 0.270% | 11/5/10 (13) | 18,245 | 18,245 |
1 Austin TX Rev. TOB VRDO | 0.270% | 11/5/10 (13) | 10,000 | 10,000 |
Austin TX Water & Wastewater System Rev. | 5.125% | 5/15/11 (Prere.) | 10,100 | 10,356 |
1 Austin TX Water & Wastewater System Rev. TOB VRDO | 0.290% | 11/5/10 (13) | 5,635 | 5,635 |
1 Austin TX Water & Wastewater System Rev. TOB VRDO | 0.270% | 11/29/10 LOC | 16,825 | 16,825 |
1 Beaumont TX Independent School Dist. School Building TOB VRDO | 0.290% | 11/5/10 | 3,350 | 3,350 |
1 Bexar County TX Combined Flood Control GO TOB VRDO | 0.270% | 11/5/10 | 28,515 | 28,515 |
Board of Regents of the Texas A&M Univ. System Rev. Financing CP | 0.300% | 2/10/11 | 5,650 | 5,650 |
1 Board of Regents of the Univ. of Texas System Rev. (Financing System) TOB VRDO | 0.300% | 11/5/10 | 6,600 | 6,600 |
1 Board of Regents of the Univ. of Texas System Rev. (Financing System) TOB VRDO | 0.270% | 11/5/10 | 5,100 | 5,100 |
1 Comal TX Independent School Dist. TOB VRDO | 0.270% | 11/5/10 LOC | 10,335 | 10,335 |
1 Conroe TX Independent School Dist. TOB VRDO | 0.280% | 11/5/10 | 2,760 | 2,760 |
1 Dallas TX Area Rapid Transit TOB VRDO | 0.270% | 11/5/10 LOC | 19,595 | 19,595 |
1 Dallas TX Independent School Dist. GO TOB VRDO | 0.270% | 11/5/10 | 14,720 | 14,720 |
1 Dallas-Fort Worth TX International Airport Rev. TOB VRDO | 0.350% | 11/5/10 (4) | 7,500 | 7,500 |
1 Denton TX Independent School Dist. TOB VRDO | 0.280% | 11/5/10 | 3,695 | 3,695 |
1 Denton TX Independent School Dist. TOB VRDO | 0.280% | 11/5/10 | 6,945 | 6,945 |
1 Denton TX Independent School Dist. TOB VRDO | 0.290% | 11/5/10 | 10,570 | 10,570 |
Denton TX Independent School Dist. VRDO | 0.280% | 11/5/10 | 18,305 | 18,305 |
1 Edinburg TX Consolidated Independant School Dist. COP TOB VRDO | 0.270% | 11/5/10 | 12,025 | 12,025 |
1 Fort Bend TX Independent School Dist. GO TOB VRDO | 0.270% | 11/5/10 | 5,000 | 5,000 |
24
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
1 Fort Worth TX Water & Sewer Rev. TOB VRDO | 0.290% | 11/5/10 | 37,645 | 37,645 |
1 Frisco TX GO TOB VRDO | 0.290% | 11/5/10 (4) | 5,310 | 5,310 |
1 Galveston County TX GO TOB VRDO | 0.270% | 11/5/10 | 9,255 | 9,255 |
1 Grand Prairie TX Independent School Dist. TOB VRDO | 0.290% | 11/5/10 | 7,175 | 7,175 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Methodist Hosp.) CP | 0.450% | 1/11/11 | 27,500 | 27,500 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Methodist Hosp.) CP | 0.380% | 3/22/11 | 20,000 | 20,000 |
1 Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (TECO Project) TOB VRDO | 0.270% | 11/5/10 | 8,755 | 8,755 |
1 Harris County TX Flood Control Dist. TOB VRDO | 0.280% | 11/5/10 (4) | 4,500 | 4,500 |
Harris County TX GO CP | 0.310% | 11/8/10 | 43,053 | 43,053 |
Harris County TX GO CP | 0.310% | 11/15/10 | 97,740 | 97,740 |
Harris County TX GO CP | 0.300% | 11/18/10 | 11,085 | 11,085 |
Harris County TX GO CP | 0.310% | 11/18/10 | 13,350 | 13,350 |
1 Harris County TX GO TOB VRDO | 0.270% | 11/5/10 (4) | 15,930 | 15,930 |
Harris County TX Health Fac. Dev. Corp. Hosp. Rev. (Baylor College Medicine) VRDO | 0.290% | 11/5/10 LOC | 2,500 | 2,500 |
Harris County TX Health Fac. Dev. Corp. Rev. (St. Luke’s Episcopal Hosp.) VRDO | 0.300% | 11/5/10 | 25,000 | 25,000 |
1 Harris County TX Health Fac. Dev. Corp. Rev. TOB VRDO | 0.280% | 11/1/10 (ETM) | 8,000 | 8,000 |
Harris County TX Hosp. Dist. Rev. VRDO | 0.280% | 11/5/10 LOC | 10,000 | 10,000 |
Harris County TX Individual Dev. Corp. Rev. VRDO | 0.250% | 11/5/10 LOC | 8,000 | 8,000 |
Harris County TX Metro. Transit Auth. Rev. CP | 0.320% | 11/10/10 | 13,250 | 13,250 |
Harris County TX TAN | 1.500% | 2/28/11 | 50,000 | 50,189 |
Harris County TX TAN | 2.000% | 2/28/11 | 100,000 | 100,540 |
1 Harris County TX Toll Road Rev. TOB VRDO | 0.290% | 11/5/10 (13) | 5,200 | 5,200 |
1 Houston TX Airport System Rev. TOB VRDO | 0.280% | 11/5/10 | 12,000 | 12,000 |
Houston TX Combined Util. System CP | 0.320% | 11/4/10 LOC | 12,000 | 12,000 |
Houston TX Combined Util. System CP | 0.310% | 11/10/10 LOC | 15,360 | 15,360 |
Houston TX Combined Util. System CP | 0.300% | 12/15/10 LOC | 8,000 | 8,000 |
Houston TX Combined Util. System CP | 0.320% | 1/6/11 LOC | 10,000 | 10,000 |
1 Houston TX Community College TOB VRDO | 0.290% | 11/5/10 (4) | 4,115 | 4,115 |
Houston TX CP | 0.310% | 11/29/10 | 10,000 | 10,000 |
Houston TX Higher Educ. Finance Corp. (Rice Univ.) CP | 0.320% | 11/8/10 | 2,750 | 2,750 |
Houston TX Higher Educ. Finance Corp. (Rice Univ.) CP | 0.340% | 12/3/10 | 10,000 | 10,000 |
1 Houston TX Higher Educ. Finance Corp. (Rice Univ.) TOB VRDO | 0.280% | 11/5/10 | 6,665 | 6,665 |
1 Houston TX Higher Educ. Finance Corp. (Rice Univ.) TOB VRDO | 0.290% | 11/5/10 | 4,000 | 4,000 |
Houston TX Higher Educ. Finance Corp. (Rice Univ.) VRDO | 0.250% | 11/5/10 | 10,000 | 10,000 |
Houston TX Higher Educ. Finance Corp. (Rice Univ.) VRDO | 0.300% | 11/5/10 | 23,750 | 23,750 |
1 Houston TX Higher Educ. Finance Corp. Rev. TOB VRDO | 0.270% | 11/5/10 | 22,155 | 22,155 |
1 Houston TX Higher Educ. Finance Corp. Rev. TOB VRDO | 0.280% | 11/5/10 | 8,515 | 8,515 |
1 Houston TX Independent School Dist. GO TOB VRDO | 0.270% | 11/5/10 LOC | 17,050 | 17,050 |
Houston TX TRAN | 2.000% | 6/30/11 | 50,000 | 50,523 |
1 Houston TX Util. System Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 15,395 | 15,395 |
1 Houston TX Util. System Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 9,000 | 9,000 |
1 Houston TX Util. System Rev. TOB VRDO | 0.280% | 11/5/10 LOC | 45,000 | 45,000 |
1 Katy TX Independent School Dist. GO TOB VRDO | 0.280% | 11/5/10 | 5,730 | 5,730 |
1 Leander TX Independent School Dist. GO TOB VRDO | 0.270% | 11/5/10 | 15,380 | 15,380 |
1 Lone Star College System Texas TOB VRDO | 0.280% | 11/5/10 | 15,460 | 15,460 |
Lubbock TX Independent School Dist. VRDO | 0.270% | 11/5/10 | 14,800 | 14,800 |
Mansfield TX Independent School Dist. | 5.250% | 2/15/11 (Prere.) | 1,715 | 1,739 |
1 Mansfield TX Independent School Dist. TOB VRDO | 0.280% | 11/5/10 | 7,960 | 7,960 |
McAllen TX GO | 2.000% | 2/15/11 | 2,170 | 2,179 |
1 McKinney TX Independent School Dist. GO TOB VRDO | 0.270% | 11/5/10 LOC | 10,240 | 10,240 |
Mesquite TX Independent School Dist. GO PUT | 0.320% | 12/14/10 | 25,255 | 25,255 |
North Central TX Health Fac. Dev. Corp. Hosp. Rev. (Baylor Health Care System Project) VRDO | 0.260% | 11/5/10 (4) | 8,875 | 8,875 |
1 North East TX Independent School Dist. GO TOB VRDO | 0.270% | 11/5/10 LOC | 5,725 | 5,725 |
1 North East TX Independent School Dist. GO TOB VRDO | 0.270% | 11/5/10 LOC | 5,000 | 5,000 |
1 North East TX Independent School Dist. GO TOB VRDO | 0.280% | 11/5/10 | 2,355 | 2,355 |
1 North East TX Independent School Dist. GO TOB VRDO | 0.290% | 11/5/10 | 26,805 | 26,805 |
1 North Texas Health Fac. Dev. Corp. (United Regional Health Care System) TOB VRDO | 0.270% | 11/5/10 LOC | 13,230 | 13,230 |
North Texas Higher Educ. Auth. Student Loan VRDO | 0.280% | 11/5/10 LOC | 31,840 | 31,840 |
North Texas Muni. Water Dist. Texas Water System Rev. | 2.000% | 9/1/11 | 2,460 | 2,488 |
1 North Texas Tollway Auth. TOB VRDO | 0.310% | 11/5/10 (13) | 22,360 | 22,360 |
1 North Texas Tollway Auth. Capital Appreciation System TOB VRDO | 0.290% | 11/5/10 LOC | 13,590 | 13,590 |
1 Northside TX Independent School Dist. GO TOB VRDO | 0.270% | 11/5/10 | 17,315 | 17,315 |
1 Northside TX Independent School Dist. GO TOB VRDO | 0.280% | 11/5/10 | 14,475 | 14,475 |
Northwest Texas Independent School Dist. GO VRDO | 0.250% | 11/5/10 | 8,170 | 8,170 |
Pasadena TX Independent School Dist. VRDO | 0.270% | 11/5/10 | 17,900 | 17,900 |
Pasadena TX Independent School Dist. VRDO | 0.310% | 11/5/10 (4) | 40,975 | 40,975 |
1 Pearland TX GO TOB VRDO | 0.270% | 11/5/10 LOC | 10,190 | 10,190 |
1 Pearland TX Independent School Dist. TOB VRDO | 0.300% | 11/5/10 | 9,000 | 9,000 |
1 Plano TX Independent School Dist. TOB VRDO | 0.270% | 11/5/10 | 14,055 | 14,055 |
25
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
1 San Antonio TX Electric & Gas Rev. TOB VRDO | 0.270% | 11/5/10 | 10,680 | 10,680 |
1 San Antonio TX Electric & Gas Rev. TOB VRDO | 0.280% | 11/5/10 | 6,165 | 6,165 |
1 San Antonio TX Electric & Gas Rev. TOB VRDO | 0.280% | 11/5/10 | 9,265 | 9,265 |
1 San Antonio TX Electric & Gas Rev. TOB VRDO | 0.280% | 11/5/10 | 3,200 | 3,200 |
1 San Antonio TX Electric & Gas Rev. TOB VRDO | 0.280% | 11/5/10 | 7,665 | 7,665 |
1 San Antonio TX Electric & Gas Rev. TOB VRDO | 0.280% | 11/5/10 | 5,000 | 5,000 |
1 San Antonio TX Electric & Gas Rev. TOB VRDO | 0.280% | 11/5/10 | 5,090 | 5,090 |
San Antonio TX Electric & Gas Rev. VRDO | 0.290% | 11/5/10 | 46,900 | 46,900 |
San Antonio TX GO | 3.000% | 2/1/11 | 8,490 | 8,547 |
San Antonio TX Hotel Occupancy Tax Rev. VRDO | 0.270% | 11/5/10 LOC | 6,750 | 6,750 |
1 San Antonio TX Water Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 11,155 | 11,155 |
1 San Antonio TX Water Rev. TOB VRDO | 0.280% | 11/5/10 (4) | 10,000 | 10,000 |
1 Sheldon TX Independent School Dist. TOB VRDO | 0.310% | 11/5/10 | 5,190 | 5,190 |
Southlake TX GO | 3.000% | 2/15/11 | 4,590 | 4,623 |
Southwest Texas Higher Educ. Auth. Inc. Rev. (Southern Methodist Univ.) VRDO | 0.270% | 11/5/10 | 19,000 | 19,000 |
1 Tarrant County TX Cultural Educ. Fac. Finance Corp. Rev. (Texas Health Resources) TOB VRDO | 0.300% | 11/5/10 | 10,410 | 10,410 |
Tarrant County TX Health Fac. Dev. Corp. Hosp. Rev. (Cook Children’s Medical Center) VRDO | 0.250% | 11/5/10 | 42,000 | 42,000 |
1 Texas A & M Univ. System Rev. TOB VRDO | 0.280% | 11/5/10 | 4,965 | 4,965 |
1 Texas Dept. of Housing & Community Affairs Single Family Rev. TOB VRDO | 0.330% | 11/5/10 | 6,150 | 6,150 |
1 Texas Dept. of Housing & Community Affairs Single Family Rev. TOB VRDO | 0.340% | 11/5/10 (7) | 4,985 | 4,985 |
Texas Dept. of Housing & Community Affairs Single Family Rev. VRDO | 0.280% | 11/5/10 | 32,515 | 32,515 |
Texas Dept. of Housing & Community Affairs Single Mortgage Rev. VRDO | 0.280% | 11/5/10 | 36,000 | 36,000 |
Texas Dept. of Housing & Community Affairs Single Mortgage Rev. VRDO | 0.280% | 11/5/10 | 28,000 | 28,000 |
Texas Dept. of Housing & Community Affairs Single Mortgage Rev. VRDO | 0.280% | 11/5/10 | 15,000 | 15,000 |
Texas Dept. of Housing & Community Affairs Single Mortgage Rev. VRDO | 0.330% | 11/5/10 | 35,000 | 35,000 |
1 Texas GO TOB VRDO | 0.280% | 11/5/10 | 7,560 | 7,560 |
1 Texas GO TOB VRDO | 0.280% | 11/5/10 | 17,370 | 17,370 |
1 Texas GO TOB VRDO | 0.280% | 11/5/10 | 13,900 | 13,900 |
1 Texas GO TOB VRDO | 0.280% | 11/5/10 | 7,500 | 7,500 |
1 Texas GO TOB VRDO | 0.280% | 11/5/10 | 21,560 | 21,560 |
1 Texas GO TOB VRDO | 0.290% | 11/5/10 | 4,195 | 4,195 |
1 Texas GO TOB VRDO | 0.340% | 11/5/10 | 17,795 | 17,795 |
Texas GO TRAN | 2.000% | 8/31/11 | 340,000 | 344,591 |
Texas GO Veterans Housing Assistance Program VRDO | 0.270% | 11/5/10 | 20,000 | 20,000 |
Texas Public Finance Auth. CP | 0.320% | 2/15/11 | 17,000 | 17,000 |
Texas Public Finance Auth. Rev. CP | 0.300% | 11/18/10 | 10,000 | 10,000 |
Texas Small Business Industrial Dev. Corp. (Texas Public Fac. Capital Access) VRDO | 0.280% | 11/5/10 LOC | 34,950 | 34,950 |
1 Texas State Transp. Comm. TOB VRDO | 0.270% | 11/5/10 | 20,725 | 20,725 |
1 Texas State Transp. Comm. TOB VRDO | 0.300% | 11/5/10 | 14,005 | 14,005 |
1 Texas State Univ. Student Loan GO TOB VRDO | 0.340% | 11/5/10 | 20,065 | 20,065 |
1 Texas Transp. Comm. Mobility Fund GO TOB VRDO | 0.270% | 11/5/10 | 21,925 | 21,925 |
1 Texas Transp. Comm. Mobility Fund GO TOB VRDO | 0.280% | 11/5/10 | 11,700 | 11,700 |
1 Texas Transp. Comm. Mobility Fund GO TOB VRDO | 0.280% | 11/5/10 | 11,050 | 11,050 |
1 Texas Transp. Comm. Mobility Fund TOB VRDO | 0.280% | 11/5/10 | 7,000 | 7,000 |
1 Texas Transp. Comm. Mobility Fund TOB VRDO | 0.280% | 11/5/10 | 4,000 | 4,000 |
Texas Transp. Comm. Mobility Fund VRDO | 0.280% | 11/5/10 | 25,130 | 25,130 |
1 Texas Transp. Comm. Rev. TOB VRDO | 0.280% | 11/5/10 | 7,500 | 7,500 |
1 Travis County TX GO TOB VRDO | 0.280% | 11/5/10 | 11,050 | 11,050 |
1 Travis County TX GO TOB VRDO | 0.290% | 11/5/10 | 8,820 | 8,820 |
Trinity River Auth. TX Solid Waste Disposal Rev. VRDO | 0.340% | 11/5/10 LOC | 5,430 | 5,430 |
1 Univ. of Houston TX Rev. TOB VRDO | 0.270% | 11/5/10 | 7,600 | 7,600 |
1 Univ. of Texas Permanent Univ. Fund Rev. TOB VRDO | 0.270% | 11/5/10 | 6,560 | 6,560 |
1 Univ. of Texas Permanent Univ. Fund Rev. TOB VRDO | 0.280% | 11/5/10 | 3,555 | 3,555 |
1 Univ. of Texas Permanent Univ. Fund Rev. TOB VRDO | 0.280% | 11/5/10 | 5,970 | 5,970 |
1 Univ. of Texas Rev. TOB VRDO | 0.270% | 11/5/10 | 33,215 | 33,215 |
1 Waco TX Educ. Finance Corp. (Baylor Univ.) TOB VRDO | 0.270% | 11/5/10 | 9,855 | 9,855 |
| | | | 2,543,261 |
Utah (1.0%) | | | | |
Emery County UT PCR (Pacificorp) VRDO | 0.270% | 11/5/10 LOC | 10,000 | 10,000 |
Murray UT Hosp. Rev. (IHC Health Services) VRDO | 0.270% | 11/1/10 | 9,850 | 9,850 |
Murray UT Hosp. Rev. (IHC Health Services) VRDO | 0.270% | 11/1/10 | 6,600 | 6,600 |
Salt Lake Valley Fire Service Area Utah TRAN | 1.000% | 12/31/10 | 9,100 | 9,109 |
1 South Valley Sewer Dist. Utah Sewer Rev. TOB VRDO | 0.270% | 11/5/10 (13) | 6,160 | 6,160 |
1 Utah Housing Corp. Single Family Mortgage Rev. TOB VRDO | 0.770% | 11/5/10 | 1,910 | 1,910 |
Utah Housing Corp. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 | 12,250 | 12,250 |
Utah Housing Corp. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 | 13,985 | 13,985 |
Utah Housing Corp. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 | 16,450 | 16,450 |
Utah Housing Corp. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 14,715 | 14,715 |
26
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Utah Housing Corp. Single Family Mortgage Rev. VRDO | 0.310% | 11/5/10 LOC | 9,565 | 9,565 |
Utah Housing Finance Auth. (Single Family Mortgage) VRDO | 0.310% | 11/5/10 LOC | 4,500 | 4,500 |
Utah Housing Finance Auth. (Single Family Mortgage) VRDO | 0.310% | 11/5/10 | 6,000 | 6,000 |
Utah Housing Finance Auth. (Single Family Mortgage) VRDO | 0.310% | 11/5/10 LOC | 5,605 | 5,605 |
Utah State Board of Regents Student Loan Rev. VRDO | 0.310% | 11/5/10 LOC | 6,000 | 6,000 |
1 Utah Transit Auth. Sales Tax Rev. TOB VRDO | 0.270% | 11/5/10 (4) | 28,835 | 28,835 |
1 Utah Transit Auth. Sales Tax Rev. TOB VRDO | 0.270% | 11/5/10 | 11,425 | 11,425 |
1 Utah Transit Auth. Sales Tax Rev. TOB VRDO | 0.280% | 11/5/10 (4) | 10,690 | 10,690 |
1 Utah Transit Auth. Sales Tax Rev. TOB VRDO | 0.280% | 11/5/10 | 5,000 | 5,000 |
| | | | 188,649 |
Vermont (0.2%) | | | | |
Vermont Educ. & Health Building Finance Agency Rev. (Middlebury College) PUT | 0.500% | 11/1/10 | 4,350 | 4,350 |
Vermont Educ. & Health Buildings Agency Rev. (Middlebury College) PUT | 0.500% | 11/1/10 | 5,300 | 5,300 |
Vermont Educ. & Health Buildings Agency Rev. (Middlebury College) PUT | 0.480% | 5/2/11 | 5,280 | 5,280 |
Vermont Educ. & Health Buildings Agency Rev. (Middlebury College) VRDO | 0.290% | 11/5/10 | 14,000 | 14,000 |
1 Vermont Housing Finance Agency Single Family TOB VRDO | 0.340% | 11/5/10 (4) | 3,815 | 3,815 |
| | | | 32,745 |
Virginia (2.0%) | | | | |
Albemarle County VA Econ. Dev. Auth. Hosp. Rev. (Martha Jefferson Hosp.) VRDO | 0.290% | 11/5/10 LOC | 6,000 | 6,000 |
Alexandria VA IDA Rev. (Institute for Defense Analyses Project) VRDO | 0.270% | 11/5/10 LOC | 1,980 | 1,980 |
Capital Region Airport Comm. VA Passenger Fac. Charge Rev. VRDO | 0.340% | 11/5/10 LOC | 15,825 | 15,825 |
Charlottesville VA IDA Fac. (Univ. Virginia Foundation Projects) VRDO | 0.270% | 11/5/10 LOC | 1,515 | 1,515 |
Clarke County VA IDA Hosp. Fac. Rev. (Winchester Medical Center Inc.) VRDO | 0.290% | 11/5/10 (4) | 32,225 | 32,225 |
Fairfax County VA IDA Hosp. Rev. (Inova Health System Hosp. Project) VRDO | 0.240% | 11/5/10 | 19,300 | 19,300 |
Fairfax County VA IDA Rev. (Fairfax Hosp. System, Inc.) VRDO | 0.290% | 11/5/10 | 6,235 | 6,235 |
1 Fairfax County VA IDA Rev. TOB VRDO | 0.280% | 11/5/10 | 5,000 | 5,000 |
1 Hampton VA Roads Sanitation Dist. Wastewater Rev. TOB VRDO | 0.270% | 11/5/10 | 19,205 | 19,205 |
Hanover County VA Econ. Dev. Auth. Rev. (Bon Secours Health) VRDO | 0.260% | 11/5/10 LOC | 8,800 | 8,800 |
Loudoun County VA IDA Rev. (Howard Hughes Medical Institute) VRDO | 0.250% | 11/5/10 | 23,000 | 23,000 |
Newport News VA TOB VRDO | 0.300% | 11/5/10 | 10,760 | 10,760 |
Norfolk VA Econ. Dev. Auth. Hosp. Fac. Rev. (Sentara Healthcare) PUT | 0.480% | 5/13/11 | 31,000 | 31,000 |
Norfolk VA GO VRDO | 0.260% | 11/5/10 | 13,230 | 13,230 |
Peninsula Ports Auth. Virginia Health System Rev. (Riverside Health System Project) VRDO | 0.300% | 11/5/10 | 31,280 | 31,280 |
1 Richmond VA Public Util. Rev. TOB VRDO | 0.280% | 11/5/10 (4) | 4,875 | 4,875 |
Russell County VA IDA Hosp. Rev. (STS Health Alliance) VRDO | 0.280% | 11/5/10 LOC | 10,780 | 10,780 |
Stafford County VA Ind. Dev. Auth. Rev. (VML/VACo Commonwealth Loan Program) VRDO | 0.280% | 11/5/10 LOC | 5,865 | 5,865 |
1 Univ. of Virginia TOB VRDO | 0.270% | 11/5/10 | 7,530 | 7,530 |
1 Univ. of Virginia TOB VRDO | 0.280% | 11/5/10 | 12,000 | 12,000 |
1 Univ. of Virginia TOB VRDO | 0.280% | 11/5/10 | 3,300�� | 3,300 |
Virginia College Building Auth. Educ. Fac. Rev. (21st Century College) | 3.000% | 2/1/11 | 7,025 | 7,072 |
Virginia College Building Auth. Educ. Fac. Rev. (Univ. Richmond Project) PUT | 0.350% | 2/1/11 | 8,200 | 8,200 |
Virginia College Building Auth. Educ. Fac. Rev. (Univ. Richmond Project) PUT | 0.400% | 3/1/11 | 15,000 | 15,000 |
1 Virginia College Building Auth. Educ. Fac. Rev. Public Higher Educ. Financing Program TOB VRDO | 0.270% | 11/5/10 | 12,320 | 12,320 |
Virginia Commonwealth Transp. Board Federal Highway Rev. | 2.500% | 5/15/11 | 13,360 | 13,511 |
1 Virginia Housing Dev. Auth. Rev. Commonwealth Mortgage TOB VRDO | 0.330% | 11/5/10 | 6,600 | 6,600 |
1 Virginia Housing Dev. Auth. Rev. Commonwealth Mortgage TOB VRDO | 0.340% | 11/5/10 | 2,700 | 2,700 |
1 Virginia Housing Dev. Auth. Rev. TOB VRDO | 0.340% | 11/5/10 | 13,735 | 13,735 |
1 Virginia Public School Auth. TOB VRDO | 0.270% | 11/5/10 | 9,215 | 9,215 |
1 Virginia Resources Auth. Clean Water Rev. TOB VRDO | 0.270% | 11/5/10 | 5,000 | 5,000 |
Virginia Small Business Finance Auth. Healthcare Fac. Rev. (Bon Secours Health) VRDO | 0.280% | 11/5/10 LOC | 9,000 | 9,000 |
| | | | 372,058 |
Washington (3.4%) | | | | |
1 Central Puget Sound WA Regional Transit Auth. Sales & Use Tax Rev. TOB VRDO | 0.270% | 11/5/10 | 6,200 | 6,200 |
1 Chelan County WA Public Util. Dist. Rev. (Chelan Hydro) TOB VRDO | 0.430% | 11/5/10 | 9,970 | 9,970 |
Chelan County WA Public Util. Dist. Rev. (Conservation Rev.) PUT VRDO | 0.280% | 11/5/10 | 45,545 | 45,545 |
Everett WA Ind. Dev. Corp. (Kimberly-Clark Corp.) VRDO | 0.350% | 11/5/10 | 6,400 | 6,400 |
1 Grant County WA Public Util. Dist. (Wanapum Hydroelectric Dev. Rev.) TOB VRDO | 0.300% | 11/1/10 LOC | 5,345 | 5,345 |
1 King County WA Sewer Rev. TOB VRDO | 0.270% | 11/5/10 | 14,920 | 14,920 |
1 King County WA Sewer Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 7,605 | 7,605 |
1 King County WA Sewer Rev. TOB VRDO | 0.280% | 11/5/10 | 5,650 | 5,650 |
1 Port of Seattle WA Rev. TOB VRDO | 0.340% | 11/5/10 (4) | 25,830 | 25,830 |
1 Port of Seattle WA Rev. TOB VRDO | 0.340% | 11/5/10 (4) | 13,940 | 13,940 |
1 Port of Seattle WA Rev. TOB VRDO | 0.430% | 11/5/10 | 7,390 | 7,390 |
Port of Seattle WA Rev. VRDO | 0.310% | 11/5/10 LOC | 70,630 | 70,630 |
1 Seattle WA Drain & Wastewater Rev. TOB VRDO | 0.270% | 11/5/10 | 9,815 | 9,815 |
1 Seattle WA Drain & Wastewater Rev. TOB VRDO | 0.280% | 11/5/10 (4) | 11,200 | 11,200 |
1 Seattle WA Water System Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 12,785 | 12,785 |
Tacoma WA Housing Auth. Rev. (Sunset Apartment Projects) VRDO | 0.320% | 11/5/10 LOC | 12,250 | 12,250 |
27
Tax-Exempt Money Market Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
1 Tes Proporties WA TOB VRDO | 0.280% | 11/5/10 | 10,120 | 10,120 |
1 Univ. of Washington Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 38,315 | 38,315 |
Washington Econ. Dev. Finance Auth. Econ. Dev. Rev. (Puget Sound Blood Center) VRDO | 0.270% | 11/5/10 LOC | 10,115 | 10,115 |
1 Washington GO TOB VRDO | 0.270% | 11/5/10 LOC | 11,085 | 11,085 |
1 Washington GO TOB VRDO | 0.270% | 11/5/10 LOC | 8,655 | 8,655 |
1 Washington GO TOB VRDO | 0.280% | 11/5/10 (4) | 6,740 | 6,740 |
1 Washington GO TOB VRDO | 0.280% | 11/5/10 | 12,120 | 12,120 |
1 Washington GO TOB VRDO | 0.280% | 11/5/10 (4) | 7,995 | 7,995 |
1 Washington GO TOB VRDO | 0.280% | 11/5/10 | 8,325 | 8,325 |
1 Washington GO TOB VRDO | 0.280% | 11/5/10 | 10,000 | 10,000 |
1 Washington GO TOB VRDO | 0.280% | 11/5/10 | 5,250 | 5,250 |
1 Washington GO TOB VRDO | 0.300% | 11/5/10 | 9,285 | 9,285 |
1 Washington Health Care Fac. Auth. (Catholic Health Initiatives) TOB VRDO | 0.280% | 11/5/10 | 7,505 | 7,505 |
Washington Health Care Fac. Auth. (Multicare Health System) VRDO | 0.270% | 11/5/10 LOC | 8,500 | 8,500 |
Washington Health Care Fac. Auth. (Multicare Health System) VRDO | 0.270% | 11/5/10 (4) | 34,845 | 34,845 |
1 Washington Health Care Fac. Auth. (Providence Health) TOB VRDO | 0.280% | 11/5/10 (4) | 12,475 | 12,475 |
1 Washington Health Care Fac. Auth. (Providence Health) TOB VRDO | 0.280% | 11/5/10 (4) | 8,610 | 8,610 |
1 Washington Health Care Fac. Auth. (Swedish Health Services) VRDO | 0.310% | 11/5/10 LOC | 18,470 | 18,470 |
Washington Housing Finance Comm. Multi Family Housing Rev. (Deer Run West Apts) VRDO | 0.310% | 11/5/10 LOC | 5,200 | 5,200 |
Washington Housing Finance Comm. Multi Family Housing Rev. (New Haven Apartments) VRDO | 0.260% | 11/5/10 LOC | 4,000 | 4,000 |
Washington Housing Finance Comm. Multi Family Housing Rev. (Vintage Silverdale) VRDO | 0.300% | 11/5/10 LOC | 11,880 | 11,880 |
Washington Housing Finance Comm. Multi Family Housing Rev. VRDO | 0.310% | 11/5/10 LOC | 4,115 | 4,115 |
Washington Housing Finance Comm. Non-profit Rev. (YMCA Pierce Kitsap) VRDO | 0.270% | 11/5/10 LOC | 10,530 | 10,530 |
Washington Housing Finance Comm. VRDO | 0.270% | 11/5/10 LOC | 7,900 | 7,900 |
1 Washington St. Health Care Fac. Auth. Rev. (Peace Health) TOB VRDO | 0.270% | 11/5/10 | 19,995 | 19,995 |
1 Washington State GO TOB VRDO | 0.270% | 11/5/10 | 10,585 | 10,585 |
1 Washington State GO TOB VRDO | 0.270% | 11/5/10 | 15,295 | 15,295 |
1 Washington State GO TOB VRDO | 0.300% | 11/5/10 LOC | 17,395 | 17,395 |
1 Washington State Health Care Fac. Auth. Rev. (Seattle Childrens Hosp.) TOB VRDO | 0.280% | 11/5/10 | 9,995 | 9,995 |
1 Washington State Health & Educ. Fac. Auth. TOB VRDO | 0.270% | 11/5/10 | 10,800 | 10,800 |
| | | | 621,575 |
West Virginia (0.6%) | | | | |
Brooke County WV Community Dev. Rev. (Bethany College Project) VRDO | 0.270% | 11/5/10 LOC | 4,050 | 4,050 |
West Virginia Econ. Dev. Auth. PCR (Ohio Power) VRDO | 0.240% | 11/5/10 LOC | 24,670 | 24,670 |
West Virginia Econ. Dev. Auth. PCR (Ohio Power) VRDO | 0.270% | 11/5/10 LOC | 6,050 | 6,050 |
West Virginia Hosp. Finance Auth. Rev. (Cabell Hosp.) VRDO | 0.300% | 11/5/10 LOC | 10,000 | 10,000 |
West Virginia Hosp. Finance Auth. Rev. (Charleston Medical Center) VRDO | 0.270% | 11/5/10 LOC | 50,660 | 50,660 |
West Virginia Hosp. Finance Auth. Rev. (United Health Systems) VRDO | 0.300% | 11/5/10 LOC | 8,115 | 8,115 |
1 West Virginia Housing Dev. Rev. TOB VRDO | 0.330% | 11/5/10 | 4,215 | 4,215 |
| | | | 107,760 |
Wisconsin (2.7%) | | | | |
Milwaukee WI GO | 2.500% | 2/1/11 | 23,995 | 24,126 |
Milwaukee WI Redev. Auth. Redev. Lease Rev. (Univ. Wisconsin Kenilworth Project) VRDO | 0.280% | 11/5/10 LOC | 6,355 | 6,355 |
Milwaukee WI Redev. Auth. Rev. (Yankee Hill Apartments) VRDO | 0.270% | 11/5/10 LOC | 11,560 | 11,560 |
Trevor Wilmont WI School Dist. BAN | 2.125% | 8/1/11 | 3,250 | 3,257 |
Univ. of Wisconsin Hosp. & Clinics Auth. Rev. VRDO | 0.270% | 11/1/10 LOC | 4,050 | 4,050 |
Univ. of Wisconsin Hosp. & Clinics Auth. Rev. VRDO | 0.240% | 11/5/10 LOC | 5,000 | 5,000 |
1 Wisconsin GO TOB VRDO | 0.270% | 11/5/10 | 12,710 | 12,710 |
1 Wisconsin Health & Educ. Fac. Auth. Rev. (Ascension Health Credit Group) TOB VRDO | 0.280% | 11/5/10 | 6,150 | 6,150 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Aurora Health Care Inc.) VRDO | 0.290% | 11/1/10 LOC | 14,000 | 14,000 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Aurora Health Care Inc.) VRDO | 0.260% | 11/5/10 LOC | 25,000 | 25,000 |
1 Wisconsin Health & Educ. Fac. Auth. Rev. (Children’s Hosp. of Wisconsin Inc.) TOB VRDO | 0.290% | 11/5/10 | 5,250 | 5,250 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Concordia Univ.) VRDO | 0.280% | 11/5/10 LOC | 3,935 | 3,935 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Felician Services Inc.) VRDO | 0.280% | 11/5/10 LOC | 20,000 | 20,000 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Felician Services Inc.) VRDO | 0.280% | 11/5/10 LOC | 11,275 | 11,275 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Froedtert & Community Health) VRDO | 0.260% | 11/5/10 LOC | 35,000 | 35,000 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Froedtert & Community Health) VRDO | 0.280% | 11/5/10 LOC | 13,000 | 13,000 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Mercy Alliance Inc.) VRDO | 0.260% | 11/5/10 LOC | 10,000 | 10,000 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Ministry Health Care) CP | 0.280% | 11/4/10 LOC | 19,970 | 19,970 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Ministry Health Care) CP | 0.290% | 12/7/10 LOC | 25,530 | 25,530 |
Wisconsin Health & Educ. Fac. Auth. Rev. (St. Norbert College Inc.) VRDO | 0.340% | 11/5/10 LOC | 7,250 | 7,250 |
Wisconsin Health & Educ. Fac. Auth. Rev. CP | 0.340% | 12/3/10 | 10,000 | 10,000 |
1 Wisconsin Housing & Econ. Dev. Auth. Home Ownership Rev. TOB VRDO | 0.340% | 11/5/10 | 4,920 | 4,920 |
Wisconsin Housing & Econ. Dev. Auth. Home Ownership Rev. VRDO | 0.260% | 11/5/10 LOC | 15,455 | 15,455 |
Wisconsin Housing & Econ. Dev. Auth. Home Ownership Rev. VRDO | 0.280% | 11/5/10 (4) | 9,205 | 9,205 |
Wisconsin Housing & Econ. Dev. Auth. Home Ownership Rev. VRDO | 0.300% | 11/5/10 | 16,000 | 16,000 |
Wisconsin Housing & Econ. Dev. Auth. Home Ownership Rev. VRDO | 0.310% | 11/5/10 | 13,195 | 13,195 |
Wisconsin Housing & Econ. Dev. Auth. Home Ownership Rev. VRDO | 0.330% | 11/5/10 | 44,100 | 44,100 |
Wisconsin Housing & Econ. Dev. Auth. Home Ownership Rev. VRDO | 0.330% | 11/5/10 | 43,910 | 43,910 |
28
| | | | |
Tax-Exempt Money Market Fund | | | | |
|
|
|
|
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Wisconsin Housing & Econ. Dev. Auth. Home Ownership Rev. VRDO | 0.330% | 11/5/10 | 34,000 | 34,000 |
Wisconsin Housing & Econ. Dev. Auth. Single Family Rev. VRDO | 0.430% | 11/5/10 | 5,220 | 5,220 |
Wisconsin Housing & Econ. Dev. Auth. Single Family Rev. VRDO | 0.430% | 11/5/10 | 10,035 | 10,035 |
Wisconsin Housing & Econ. Dev. Auth. Single Family Rev. VRDO | 0.430% | 11/5/10 | 10,950 | 10,950 |
Wisconsin Housing & Econ. Dev. Auth. Single Family Rev. VRDO | 0.430% | 11/5/10 | 5,175 | 5,175 |
1 Wisconsin Public Power Inc. Rev. (Power Supply System) TOB VRDO | 0.270% | 11/5/10 LOC | 10,175 | 10,175 |
| | | | 495,758 |
Wyoming (0.4%) | | | | |
Lincoln County WY PCR (Pacificorp Project) VRDO | 0.270% | 11/5/10 LOC | 11,250 | 11,250 |
Wyoming Community Dev. Auth. Housing Rev. VRDO | 0.290% | 11/5/10 LOC | 14,000 | 14,000 |
Wyoming Student Loan Corp. Rev. VRDO | 0.320% | 11/5/10 LOC | 50,000 | 50,000 |
| | | | 75,250 |
Total Tax-Exempt Municipal Bonds (Cost $17,699,102) | | | | 17,699,102 |
|
| | | Shares | |
Temporary Cash Investment (3.7%) | | | | |
Money Market Fund (3.7%) | | | | |
2 Vanguard Municipal Cash Management Fund (Cost $676,421) | 0.265% | | 676,421,069 | 676,421 |
Total Investments (99.8%) (Cost $18,375,523) | | | | 18,375,523 |
Other Assets and Liabilities (0.2%) | | | | |
Other Assets | | | | 208,765 |
Liabilities | | | | (179,189) |
| | | | 29,576 |
Net Assets (100%) | | | | |
Applicable to 18,403,377,289 outstanding $.001 par value shares of | | | | |
beneficial interest (unlimited authorization) | | | | 18,405,099 |
Net Asset Value Per Share | | | | $1.00 |
|
|
At October 31, 2010, net assets consisted of: | | | | |
| | | | Amount |
| | | | ($000) |
Paid-in Capital | | | | 18,405,099 |
Undistributed Net Investment Income | | | | — |
Accumulated Net Realized Gains | | | | — |
Net Assets | | | | 18,405,099 |
• See Note A in Notes to Financial Statements.
1 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2010, the aggregate value of these securities was $5,452,780,000, representing 29.6% of net assets.
2 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
A key to abbreviations and other references follows the Statement of Net Assets.
See accompanying Notes, which are an integral part of the Financial Statements.
29
Tax-Exempt Money Market Fund
Key to Abbreviations
ARS—Auction Rate Security.
BAN—Bond Anticipation Note.
COP—Certificate of Participation.
CP—Commercial Paper.
FR—Floating Rate.
GAN—Grant Anticipation Note.
GO—General Obligation Bond.
IDA—Industrial Development Authority Bond.
IDR—Industrial Development Revenue Bond.
PCR—Pollution Control Revenue Bond.
PUT—Put Option Obligation.
RAN—Revenue Anticipation Note.
TAN—Tax Anticipation Note.
TOB—Tender Option Bond.
TRAN—Tax Revenue Anticipation Note.
UFSD—Union Free School District.
USD—United School District.
VRDO—Variable Rate Demand Obligation.
VRDP—Variable Rate Demand Preferred.
(ETM)—Escrowed to Maturity.
(Prere.)—Prerefunded.
Scheduled principal and interest payments are guaranteed by:
(1) MBIA (Municipal Bond Investors Assurance).
(2) AMBAC (Ambac Assurance Corporation).
(3) FGIC (Financial Guaranty Insurance Company).
(4) AGM (Assured Guaranty Municipal Corporation).
(5) BIGI (Bond Investors Guaranty Insurance).
(6) Connie Lee Inc.
(7) FHA (Federal Housing Authority).
(8) CapMAC (Capital Markets Assurance Corporation).
(9) American Capital Access Financial Guaranty Corporation.
(10) XL Capital Assurance Inc.
(11) CIFG (CDC IXIS Financial Guaranty).
(12) Assured Guaranty Corp.
(13) Berkshire Hathaway Assurance Corp.
(14) National Public Finance Guarantee Corp.
The insurance does not guarantee the market value of the municipal bonds.
LOC—Scheduled principal and interest payments are guaranteed by bank letter of credit.
30
| |
Tax-Exempt Money Market Fund | |
|
|
Statement of Operations |
|
| Year Ended |
| October 31, 2010 |
| ($000) |
Investment Income | |
Income | |
Interest1 | 59,033 |
Total Income | 59,033 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 4,237 |
Management and Administrative | 21,967 |
Marketing and Distribution | 5,982 |
Custodian Fees | 138 |
Auditing Fees | 21 |
Shareholders’ Reports | 207 |
Trustees’ Fees and Expenses | 28 |
Total Expenses | 32,580 |
Net Investment Income | 26,453 |
Realized Net Gain (Loss) on | |
Investment Securities Sold | 60 |
Net Increase (Decrease) in Net Assets | |
Resulting from Operations | 26,513 |
| | |
Statement of Changes in Net Assets | | |
|
| Year Ended October 31, |
| 2010 | 2009 |
| ($000) | ($000) |
Increase (Decrease) in Net Assets | | |
Operations | | |
Net Investment Income | 26,453 | 130,957 |
Realized Net Gain (Loss) | 60 | 1,024 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 26,513 | 131,981 |
Distributions | | |
Net Investment Income | (26,453) | (130,957) |
Realized Capital Gain | — | — |
Total Distributions | (26,453) | (130,957) |
Capital Share Transactions (at $1.00) | | |
Issued | 15,253,213 | 16,756,490 |
Issued in Lieu of Cash Distributions | 25,417 | 124,977 |
Redeemed | (17,293,433) | (20,343,839) |
Net Increase (Decrease) from Capital Share Transactions | (2,014,803) | (3,462,372) |
Total Increase (Decrease) | (2,014,743) | (3,461,348) |
Net Assets | | |
Beginning of Period | 20,419,842 | 23,881,190 |
End of Period | 18,405,099 | 20,419,842 |
1 Interest income from an affiliated company of the fund was $1,806,000.
See accompanying Notes, which are an integral part of the Financial Statements.
31
| | | | | |
Tax-Exempt Money Market Fund | | | | | |
|
|
Financial Highlights | | | | | |
|
|
For a Share Outstanding | | | Year Ended October 31, |
Throughout Each Period | 2010 | 2009 | 2008 | 2007 | 2006 |
Net Asset Value, Beginning of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
Investment Operations | | | | | |
Net Investment Income | .001 | .006 | .026 | .036 | .032 |
Net Realized and Unrealized Gain (Loss) | | | | | |
on Investments | — | — | — | — | — |
Total from Investment Operations | .001 | .006 | .026 | .036 | .032 |
Distributions | | | | | |
Dividends from Net Investment Income | (.001) | (.006) | (.026) | (.036) | (.032) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.001) | (.006) | (.026) | (.036) | (.032) |
Net Asset Value, End of Period | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
|
Total Return1 | 0.14% | 0.60% | 2.63% | 3.65% | 3.26% |
|
Ratios/Supplemental Data | | | | | |
Net Assets, End of Period (Millions) | $18,405 | $20,420 | $23,881 | $22,019 | $19,116 |
Ratio of Total Expenses to | | | | | |
Average Net Assets | 0.17% | 0.17%2 | 0.11% | 0.10% | 0.13% |
Ratio of Net Investment Income to | | | | | |
Average Net Assets | 0.14% | 0.61% | 2.59% | 3.59% | 3.22% |
1 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
2 Includes 0.04% of fees to participate in the Treasury Temporary Guarantee Program for Money Market Funds.
See accompanying Notes, which are an integral part of the Financial Statements.
32
Tax-Exempt Money Market Fund
Notes to Financial Statements
Vanguard Tax-Exempt Money Market Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund invests in debt instruments of many municipal issuers; the issuers’ abilities to meet their obligations may be affected by economic and political developments in a specific state or region.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. mutual funds. The fund consistently follows such policies in preparing its financial statements.
1. Security Valuation: Securities are valued at amortized cost, which approximates market value. Investments in Vanguard Municipal Cash Management Fund are valued at that fund’s net asset value.
2. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (October 31, 2007–2010), and has concluded that no provision for federal income tax is required in the fund’s financial statements.
3. Distributions: Distributions from net investment income are declared daily and paid on the first business day of the following month.
4. Other: Interest income includes income distributions received from Vanguard Municipal Cash Management Fund and is accrued daily. Premiums and discounts on debt securities purchased are amortized and accreted, respectively, to interest income over the lives of the respective securities. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
B. The Vanguard Group furnishes at cost investment advisory, corporate management, administrative, marketing, and distribution services. The costs of such services are allocated to the fund under methods approved by the board of trustees. The fund has committed to provide up to 0.40% of its net assets in capital contributions to Vanguard. At October 31, 2010, the fund had contributed capital of $3,307,000 to Vanguard (included in Other Assets), representing 0.02% of the fund’s net assets and 1.32% of Vanguard’s capitalization. The fund’s trustees and officers are also directors and officers of Vanguard.
C. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments).
The fund’s investment in Vanguard Municipal Cash Management Fund is valued based on Level 1 inputs. All of the fund’s other investments were valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, securities valued at amortized cost are considered to be valued using Level 2 inputs.
D. In preparing the financial statements as of October 31, 2010, management considered the impact of subsequent events for potential recognition or disclosure in these financial statements.
33
Short-Term Tax-Exempt Fund
Fund Profile
As of October 31, 2010
| | | |
Financial Attributes | | |
| | Comparative | Broad |
| Fund | Index1 | Index2 |
Number of Issues | 1,181 | 6,174 | 46,273 |
Yield3 | | 1.10% | 3.10% |
Investor Shares | 0.57% | | |
Admiral Shares | 0.65% | | |
Yield to Maturity | 0.8%4 | 1.1% | 3.1% |
Average Coupon | 2.7% | 5.0% | 5.0% |
Average Effective | | | |
Maturity | 1.3 years | 2.9 years | 13.6 years |
Average Duration | 1.2 years | 2.6 years | 8.2 years |
Expense Ratio5 | | — | — |
Investor Shares | 0.20% | | |
Admiral Shares | 0.12% | | |
Short-Term Reserves | 40.1% | — | — |
| | |
Largest Area Concentrations6 | |
|
Texas | | 10.3% |
California | | 9.1 |
Florida | | 8.1 |
New York | | 7.9 |
Illinois | | 5.7 |
Pennsylvania | | 5.0 |
Ohio | | 4.5 |
New Jersey | | 3.7 |
Massachusetts | | 3.2 |
North Carolina | | 3.2 |
Top Ten | | 60.7% |
|
|
Volatility Measures7 | |
| Fund Versus | Fund Versus |
| Comparative Index1 | Broad Index2 |
R-Squared | 0.89 | 0.48 |
Beta | 0.40 | 0.13 |
| |
Distribution by Maturity (% of portfolio) | |
|
Under 1 Year | 57.3% |
1–3 Years | 27.3 |
3–5 Years | 13.0 |
Over 5 Years | 2.4 |
|
|
Distribution by Credit Quality (% of portfolio) |
|
AAA | 30.4% |
AA | 54.7 |
A | 12.3 |
BBB | 1.0 |
Not Rated | 1.6 |
For information about these ratings, see the Glossary entry for Credit Quality. |
| |
Investment Focus
![](https://capedge.com/proxy/N-CSR/0000932471-11-000013/municipalbondfundsx36x1.jpg)
1 Barclays Capital 3 Year Municipal Bond Index.
2 Barclays Capital Municipal Bond Index.
3 30-day SEC yield for the fund; index yield assumes that all bonds are called or prepaid at the earliest possible dates. See the Glossary.
4 Before expenses.
5 The expense ratios shown are from the prospectus dated April 22, 2010, and represent estimated costs for the current fiscal year. For the fiscal year ended October 31, 2010, the expense ratios were 0.20% for the Investor Shares and 0.12% for the Admiral Shares.
6 Percentage of net assets, excluding any futures contracts.
7 For an explanation of R-squared, beta, and other terms used here, see the Glossary.
34
Short-Term Tax-Exempt Fund
Performance Summary
All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares.
Cumulative Performance: October 31, 2000–October 31, 2010
Initial Investment of $10,000
![](https://capedge.com/proxy/N-CSR/0000932471-11-000013/municipalbondfundsx37x1.jpg)
| | | | |
| | Average Annual Total Returns | Final Value |
| | Periods Ended October 31, 2010 | of a $10,000 |
| One Year | Five Years | Ten Years | Investment |
Short-Term Tax-Exempt Fund Investor Shares | 1.82% | 3.20% | 2.93% | $13,342 |
Barclays Capital Municipal Bond Index | 7.78 | 5.20 | 5.59 | 17,225 |
Barclays Capital 3 Year Municipal Bond Index | 3.69 | 4.48 | 4.20 | 15,092 |
1–2 Year Municipal Funds Average1 | 1.46 | 0.82 | 1.60 | 11,715 |
| | | | |
| | | | Final Value |
| | | Since | of a $50,000 |
| One Year | Five Years | Inception2 | Investment |
Short-Term Tax-Exempt Fund Admiral Shares | 1.90% | 3.28% | 2.85% | $65,676 |
Barclays Capital Municipal Bond Index | 7.78 | 5.20 | 5.25 | 82,169 |
Barclays Capital 3 Year Municipal Bond Index | 3.69 | 4.48 | 3.95 | 72,856 |
1 Derived from data provided by Lipper Inc.
2 Performance for the fund’s Admiral Shares and comparative standards is calculated since the Admiral Shares’ inception: February 12, 2001.
See Financial Highlights for dividend and capital gains information.
35
| | | | |
Short-Term Tax-Exempt Fund | | | | |
|
|
|
|
Fiscal-Year Total Returns (%): October 31, 2000–October 31, 2010 | | | |
| | | | Barclays |
| | | Investor Shares | Capital1 |
Fiscal | Capital | Income | Total | Total |
Year | Return | Return | Return | Return |
2001 | 1.5% | 4.2% | 5.7% | 8.7% |
2002 | –0.1 | 2.9 | 2.8 | 4.8 |
2003 | 0.3 | 2.0 | 2.3 | 3.9 |
2004 | –0.6 | 1.8 | 1.2 | 2.2 |
2005 | –0.9 | 2.2 | 1.3 | 0.3 |
2006 | 0.3 | 2.9 | 3.2 | 3.1 |
2007 | 0.3 | 3.4 | 3.7 | 4.0 |
2008 | 0.4 | 3.3 | 3.7 | 4.3 |
2009 | 1.3 | 2.3 | 3.6 | 7.3 |
2010 | 0.4 | 1.4 | 1.8 | 3.7 |
Average Annual Total Returns: Periods Ended September 30, 2010
This table presents average annual total returns through the latest calendar quarter—rather than through the end of the fiscal period. Securities and Exchange Commission rules require that we provide this information.
| | | | | | |
| | | | | | Ten Years |
| Inception Date | One Year Five Years | Capital | Income | Total |
Investor Shares | 9/1/1977 | 1.65% | 3.19% | 0.30% | 2.66% | 2.96% |
Admiral Shares | 2/12/2001 | 1.73 | 3.27 | 0.202 | 2.672 | 2.872 |
1 Barclays Capital 3 Year Municipal Bond Index.
2 Return since inception.
36
Short-Term Tax-Exempt Fund
Financial Statements
The Statement of Net Assets—an integral part of the Financial Statements for Vanguard Short-Term Tax-Exempt Fund—is included as an insert to this report.
| |
Statement of Operations |
|
| Year Ended |
October 31, 2010 |
| ($000) |
Investment Income | |
Income | |
Interest1 | 182,662 |
Total Income | 182,662 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 1,070 |
Management and Administrative— | |
Investor Shares | 4,889 |
Management and Administrative— | |
Admiral Shares | 6,973 |
Marketing and Distribution— | |
Investor Shares | 904 |
Marketing and Distribution— | |
Admiral Shares | 2,425 |
Custodian Fees | 82 |
Auditing Fees | 26 |
Shareholders’ Reports—Investor Shares | 79 |
Shareholders’ Reports—Admiral Shares | 26 |
Trustees’ Fees and Expenses | 16 |
Total Expenses | 16,490 |
Net Investment Income | 166,172 |
Realized Net Gain (Loss) | |
Investment Securities Sold | (565) |
Futures Contracts | (4,096) |
Realized Net Gain (Loss) | (4,661) |
Change in Unrealized Appreciation | |
(Depreciation) | |
Investment Securities | 47,799 |
Futures Contracts | 2,341 |
Change in Unrealized Appreciation | |
(Depreciation) | 50,140 |
Net Increase (Decrease) in Net Assets | |
Resulting from Operations | 211,651 |
| | |
Statement of Changes in Net Assets | | |
|
| Year Ended October 31, |
| 2010 | 2009 |
| ($000) | ($000) |
Increase (Decrease) in Net Assets | | |
Operations | | |
Net Investment Income | 166,172 | 165,793 |
Realized Net Gain (Loss) | (4,661) | 1,899 |
Change in Unrealized Appreciation (Depreciation) | 50,140 | 77,469 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 211,651 | 245,161 |
Distributions | | |
Net Investment Income | | |
Investor Shares | (42,139) | (43,223) |
Admiral Shares | (124,033) | (122,570) |
Realized Capital Gain | | |
Investor Shares | — | — |
Admiral Shares | — | — |
Total Distributions | (166,172) | (165,793) |
Capital Share Transactions | | |
Investor Shares | 352,186 | 1,421,118 |
Admiral Shares | 1,192,139 | 3,856,593 |
Net Increase (Decrease) from Capital Share Transactions | 1,544,325 | 5,277,711 |
Total Increase (Decrease) | 1,589,804 | 5,357,079 |
Net Assets | | |
Beginning of Period | 10,398,833 | 5,041,754 |
End of Period | 11,988,637 | 10,398,833 |
1 Interest income from an affiliated company of the fund was $694,000.
See accompanying Notes, which are an integral part of the Financial Statements.
37
| | | | | |
Short-Term Tax-Exempt Fund | | | | | |
|
|
Financial Highlights | | | | | |
|
Investor Shares | | | | | |
|
For a Share Outstanding | | | Year Ended October 31, |
Throughout Each Period | 2010 | 2009 | 2008 | 2007 | 2006 |
Net Asset Value, Beginning of Period | $15.88 | $15.68 | $15.62 | $15.58 | $15.53 |
Investment Operations | | | | | |
Net Investment Income | .217 | .357 | .509 | .526 | .443 |
Net Realized and Unrealized Gain (Loss) | | | | | |
on Investments | .070 | .200 | .060 | .040 | .050 |
Total from Investment Operations | .287 | .557 | .569 | .566 | .493 |
Distributions | | | | | |
Dividends from Net Investment Income | (.217) | (.357) | (.509) | (.526) | (.443) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.217) | (.357) | (.509) | (.526) | (.443) |
Net Asset Value, End of Period | $15.95 | $15.88 | $15.68 | $15.62 | $15.58 |
|
Total Return1 | 1.82% | 3.59% | 3.68% | 3.70% | 3.22% |
|
Ratios/Supplemental Data | | | | | |
Net Assets, End of Period (Millions) | $3,126 | $2,761 | $1,319 | $1,040 | $1,139 |
Ratio of Total Expenses to | | | | | |
Average Net Assets | 0.20% | 0.20% | 0.15% | 0.15% | 0.16% |
Ratio of Net Investment Income to | | | | | |
Average Net Assets | 1.36% | 2.15% | 3.23% | 3.37% | 2.85% |
Portfolio Turnover Rate | 29% | 32% | 32% | 51% | 49% |
1 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
| | | | | |
Admiral Shares | | | | | |
|
For a Share Outstanding | | | Year Ended October 31, |
Throughout Each Period | 2010 | 2009 | 2008 | 2007 | 2006 |
Net Asset Value, Beginning of Period | $15.88 | $15.68 | $15.62 | $15.58 | $15.53 |
Investment Operations | | | | | |
Net Investment Income | .230 | .370 | .520 | .537 | .455 |
Net Realized and Unrealized Gain (Loss) | | | | | |
on Investments | .070 | .200 | .060 | .040 | .050 |
Total from Investment Operations | .300 | .570 | .580 | .577 | .505 |
Distributions | | | | | |
Dividends from Net Investment Income | (.230) | (.370) | (.520) | (.537) | (.455) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.230) | (.370) | (.520) | (.537) | (.455) |
Net Asset Value, End of Period | $15.95 | $15.88 | $15.68 | $15.62 | $15.58 |
|
Total Return | 1.90% | 3.67% | 3.76% | 3.77% | 3.30% |
|
Ratios/Supplemental Data | | | | | |
Net Assets, End of Period (Millions) | $8,863 | $7,637 | $3,723 | $3,078 | $2,969 |
Ratio of Total Expenses to | | | | | |
Average Net Assets | 0.12% | 0.12% | 0.08% | 0.08% | 0.09% |
Ratio of Net Investment Income to | | | | | |
Average Net Assets | 1.44% | 2.23% | 3.30% | 3.44% | 2.92% |
Portfolio Turnover Rate | 29% | 32% | 32% | 51% | 49% |
See accompanying Notes, which are an integral part of the Financial Statements.
38
Short-Term Tax-Exempt Fund
Notes to Financial Statements
Vanguard Short-Term Tax-Exempt Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund invests in debt instruments of many municipal issuers; the issuers’ abilities to meet their obligations may be affected by economic and political developments in a specific state or region. The fund offers two classes of shares: Investor Shares and Admiral Shares. Investor Shares are available to any investor who meets the fund’s minimum purchase requirements. Admiral Shares are designed for investors who meet certain administrative, service, and account-size criteria.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. mutual funds. The fund consistently follows such policies in preparing its financial statements.
1. Security Valuation: Bonds, and temporary cash investments acquired over 60 days to maturity, are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Investments in Vanguard Municipal Cash Management Fund are valued at that fund’s net asset value. Other temporary cash investments are valued at amortized cost, which approximates market value. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value.
2. Futures Contracts: The fund uses futures contracts to invest in fixed income asset classes with greater efficiency and lower cost than is possible through direct investment, to add value when these instruments are attractively priced, or to adjust sensitivity to changes in interest rates. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid market.
Futures contracts are valued based upon their quoted daily settlement prices. The aggregate principal amounts of the contracts are not recorded in the Statement of Net Assets. Fluctuations in the value of the contracts are recorded in the Statement of Net Assets as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized futures gains (losses).
3. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (October 31, 2007–2010), and has concluded that no provision for federal income tax is required in the fund’s financial statements.
4. Distributions: Distributions from net investment income are declared daily and paid on the first business day of the following month. Annual distributions from realized capital gains, if any, are recorded on the ex-dividend date.
5. Other: Interest income includes income distributions received from Vanguard Municipal Cash Management Fund and is accrued daily. Premiums and discounts on debt securities purchased are amortized and accreted, respectively, to interest income over the lives of the respective securities. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. The Vanguard Group furnishes at cost investment advisory, corporate management, administrative, marketing, and distribution services. The costs of such services are allocated to the fund under methods approved by the board of trustees. The fund has committed to provide up to 0.40% of its net assets in capital contributions to Vanguard. At October 31, 2010, the fund had contributed capital of $2,162,000 to Vanguard (included in Other Assets), representing 0.02% of the fund’s net assets and 0.86% of Vanguard’s capitalization. The fund’s trustees and officers are also directors and officers of Vanguard.
39
Short-Term Tax-Exempt Fund
C. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments).
The following table summarizes the fund’s investments as of October 31, 2010, based on the inputs used to value them:
| | | |
| Level 1 | Level 2 | Level 3 |
Investments | ($000) | ($000) | ($000) |
Tax-Exempt Municipal Bonds | — | 11,741,525 | — |
Temporary Cash Investments | 279,669 | — | — |
Futures Contracts—Assets1 | 498 | — | — |
Futures Contracts—Liabilities1 | (31) | — | — |
Total | 280,136 | 11,741,525 | — |
1 Represents variation margin on the last day of the reporting period. | | | |
D. At October 31, 2010, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:
| | | | |
| | | | ($000) |
| | | Aggregate | |
| | Number of | Settlement | Unrealized |
| | Long (Short) | Value | Appreciation |
Futures Contracts | Expiration | Contracts | Long (Short) | (Depreciation) |
2-Year United States Treasury Note | December 2010 | 723 | 159,049 | 861 |
Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.
E. Capital gain distributions are determined on a tax basis and may differ from realized capital gains for financial reporting purposes. Differences may be permanent or temporary. Permanent differences are reclassified among capital accounts in the financial statements to reflect their tax character. Temporary differences arise when gains or losses are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future.
For tax purposes, at October 31, 2010, the fund had available capital loss carryforwards totaling $7,666,000 to offset future net capital gains of $2,389,000 through October 31, 2014, $2,945,000 through October 31, 2015, and $2,332,000 through October 31, 2018.
The fund had realized losses totaling $2,248,000 through October 31, 2010, which are deferred for tax purposes and reduce the amount of tax-basis unrealized appreciation on investment securities.
At October 31, 2010, the cost of investment securities for tax purposes was $11,886,987,000. Net unrealized appreciation of investment securities for tax purposes was $134,207,000, consisting of unrealized gains of $135,243,000 on securities that had risen in value since their purchase and $1,036,000 in unrealized losses on securities that had fallen in value since their purchase.
F. During the year ended October 31, 2010, the fund purchased $2,506,986,000 of investment securities and sold $1,981,501,000 of investment securities, other than temporary cash investments.
40
Short-Term Tax-Exempt Fund
G. Capital share transactions for each class of shares were:
| | | | | |
| | | Year Ended October 31, |
| | 2010 | | | 2009 |
| Amount | Shares | Amount | Shares |
| ($000) | (000) | ($000) | (000) |
Investor Shares | | | | |
Issued | 2,248,750 | 141,140 | 2,622,882 | 165,536 |
Issued in Lieu of Cash Distributions | 33,787 | 2,120 | 36,619 | 2,311 |
Redeemed | (1,930,351) | (121,140) | (1,238,383) | (78,139) |
Net Increase (Decrease)—Investor Shares | 352,186 | 22,120 | 1,421,118 | 89,708 |
Admiral Shares | | | | |
Issued | 5,153,629 | 323,452 | 5,982,023 | 377,455 |
Issued in Lieu of Cash Distributions | 100,504 | 6,307 | 100,894 | 6,368 |
Redeemed | (4,061,994) | (254,931) | (2,226,324) | (140,475) |
Net Increase (Decrease)—Admiral Shares | 1,192,139 | 74,828 | 3,856,593 | 243,348 |
H. In preparing the financial statements as of October 31, 2010, management considered the impact of subsequent events for potential recognition or disclosure in these financial statements.
41
Limited-Term Tax-Exempt Fund
Fund Profile
As of October 31, 2010
| | | |
Financial Attributes | | |
| | Comparative | Broad |
| Fund | Index1 | Index2 |
Number of Issues | 1,412 | 6,174 | 46,273 |
Yield3 | | 1.10% | 3.10% |
Investor Shares | 1.05% | | |
Admiral Shares | 1.13% | | |
Yield to Maturity | 1.2%4 | 1.1% | 3.1% |
Average Coupon | 4.0% | 5.0% | 5.0% |
Average Effective | | | |
Maturity | 2.8 years | 2.9 years | 13.6 years |
Average Duration | 2.5 years | 2.6 years | 8.2 years |
Expense Ratio5 | | — | — |
Investor Shares | 0.20% | | |
Admiral Shares | 0.12% | | |
Short-Term Reserves | 17.2% | — | — |
| | |
Largest Area Concentrations6 | |
|
New York | | 10.8% |
California | | 10.1 |
Texas | | 8.8 |
Pennsylvania | | 7.5 |
Florida | | 6.2 |
New Jersey | | 5.3 |
Ohio | | 4.4 |
Washington | | 3.4 |
Massachusetts | | 3.2 |
Illinois | | 3.0 |
Top Ten | | 62.7% |
|
|
Volatility Measures7 | |
| Fund Versus | Fund Versus |
| Comparative Index1 | Broad Index2 |
R-Squared | 0.88 | 0.74 |
Beta | 0.91 | 0.36 |
| |
Distribution by Maturity (% of portfolio) | |
|
Under 1 Year | 27.9% |
1–3 Years | 26.4 |
3–5 Years | 26.4 |
Over 5 Years | 19.3 |
|
|
Distribution by Credit Quality (% of portfolio) |
|
AAA | 29.0% |
AA | 49.8 |
A | 16.6 |
BBB | 2.8 |
BB | 0.1 |
Not Rated | 1.7 |
For information about these ratings, see the Glossary entry for Credit Quality. |
| |
Investment Focus
![](https://capedge.com/proxy/N-CSR/0000932471-11-000013/municipalbondfundsx44x1.jpg)
1 Barclays Capital 3 Year Municipal Bond Index.
2 Barclays Capital Municipal Bond Index.
3 30-day SEC yield for the fund; index yield assumes that all bonds are called or prepaid at the earliest possible dates. See the Glossary.
4 Before expenses.
5 The expense ratios shown are from the prospectus dated April 22, 2010, and represent estimated costs for the current fiscal year. For the fiscal year ended October 31, 2010, the expense ratios were 0.20% for the Investor Shares and 0.12% for the Admiral Shares.
6 Percentage of net assets, excluding any futures contracts.
7 For an explanation of R-squared, beta, and other terms used here, see the Glossary.
42
Limited-Term Tax-Exempt Fund
Performance Summary
All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares.
Cumulative Performance: October 31, 2000–October 31, 2010
Initial Investment of $10,000
![](https://capedge.com/proxy/N-CSR/0000932471-11-000013/municipalbondfundsx45x1.jpg)
| | | | |
| | Average Annual Total Returns | Final Value |
| | Periods Ended October 31, 2010 | of a $10,000 |
| One Year | Five Years | Ten Years | Investment |
Limited-Term Tax-Exempt Fund | | | | |
Investor Shares | 4.04% | 3.92% | 3.79% | $14,508 |
Barclays Capital Municipal Bond Index | 7.78 | 5.20 | 5.59 | 17,225 |
Barclays Capital 3 Year Municipal Bond Index | 3.69 | 4.48 | 4.20 | 15,092 |
1–5 Year Municipal Funds Average1 | 3.20 | 2.99 | 3.09 | 13,559 |
| | | | |
| | | | Final Value |
| | | Since | of a $50,000 |
| One Year | Five Years | Inception2 | Investment |
Limited-Term Tax-Exempt Fund Admiral Shares | 4.12% | 4.00% | 3.61% | $70,571 |
Barclays Capital Municipal Bond Index | 7.78 | 5.20 | 5.25 | 82,169 |
Barclays Capital 3 Year Municipal Bond Index | 3.69 | 4.48 | 3.95 | 72,856 |
1 Derived from data provided by Lipper Inc.
2 Performance for the fund’s Admiral Shares and comparative standards is calculated since the Admiral Shares’ inception: February 12, 2001.
See Financial Highlights for dividend and capital gains information.
43
| | | | |
Limited-Term Tax-Exempt Fund | | | | |
|
|
|
|
Fiscal-Year Total Returns (%): October 31, 2000–October 31, 2010 | | | |
| | | | Barclays |
| | | Investor Shares | Capital1 |
Fiscal | Capital | Income | Total | Total |
Year | Return | Return | Return | Return |
2001 | 3.3% | 4.6% | 7.9% | 8.7% |
2002 | 0.1 | 3.9 | 4.0 | 4.8 |
2003 | 0.7 | 3.3 | 4.0 | 3.9 |
2004 | –1.1 | 2.9 | 1.8 | 2.2 |
2005 | –2.3 | 3.0 | 0.7 | 0.3 |
2006 | 0.1 | 3.3 | 3.4 | 3.1 |
2007 | 0.1 | 3.5 | 3.6 | 4.0 |
2008 | –0.7 | 3.4 | 2.7 | 4.3 |
2009 | 3.0 | 2.9 | 5.9 | 7.3 |
2010 | 1.6 | 2.4 | 4.0 | 3.7 |
Average Annual Total Returns: Periods Ended September 30, 2010
This table presents average annual total returns through the latest calendar quarter—rather than through the end of the fiscal period. Securities and Exchange Commission rules require that we provide this information.
| | | | | | |
| | | | | | Ten Years |
| Inception Date | One Year | Five Years | Capital | Income | Total |
Investor Shares | 8/31/1987 | 3.31% | 3.87% | 0.50% | 3.34% | 3.84% |
Admiral Shares | 2/12/2001 | 3.39 | 3.95 | 0.272 | 3.362 | 3.632 |
1 Barclays Capital 3 Year Municipal Bond Index.
2 Return since inception.
44
Limited-Term Tax-Exempt Fund
Financial Statements
The Statement of Net Assets—an integral part of the Financial Statements for Vanguard Limited-Term Tax-Exempt Fund—is included as an insert to this report.
| |
Statement of Operations |
|
| |
Year Ended |
| October 31, 2010 |
| ($000) |
Investment Income | |
Income | |
Interest1 | 334,703 |
Total Income | 334,703 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 1,204 |
Management and Administrative— | |
Investor Shares | 5,342 |
Management and Administrative— | |
Admiral Shares | 8,115 |
Marketing and Distribution— | |
Investor Shares | 995 |
Marketing and Distribution— | |
Admiral Shares | 2,590 |
Custodian Fees | 88 |
Auditing Fees | 26 |
Shareholders’ Reports—Investor Shares | 109 |
Shareholders’ Reports—Admiral Shares | 36 |
Trustees’ Fees and Expenses | 18 |
Total Expenses | 18,523 |
Net Investment Income | 316,180 |
Realized Net Gain (Loss) | |
Investment Securities Sold | 4,606 |
Futures Contracts | (14,938) |
Realized Net Gain (Loss) | (10,332) |
Change in Unrealized Appreciation | |
(Depreciation) | |
Investment Securities | 210,616 |
Futures Contracts | 2,531 |
Change in Unrealized Appreciation | |
(Depreciation) | 213,147 |
Net Increase (Decrease) in Net Assets | |
Resulting from Operations | 518,995 |
| | |
Statement of Changes in Net Assets | | |
|
| Year Ended October 31, |
| 2010 | 2009 |
| ($000) | ($000) |
Increase (Decrease) in Net Assets | | |
Operations | | |
Net Investment Income | 316,180 | 272,082 |
Realized Net Gain (Loss) | (10,332) | (37,552) |
Change in Unrealized Appreciation (Depreciation) | 213,147 | 292,109 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 518,995 | 526,639 |
Distributions | | |
Net Investment Income | | |
Investor Shares | (79,420) | (70,614) |
Admiral Shares | (236,760) | (201,468) |
Realized Capital Gain | | |
Investor Shares | — | — |
Admiral Shares | — | — |
Total Distributions | (316,180) | (272,082) |
Capital Share Transactions | | |
Investor Shares | 361,100 | 908,039 |
Admiral Shares | 1,793,590 | 2,649,460 |
Net Increase (Decrease) from Capital Share Transactions | 2,154,690 | 3,557,499 |
Total Increase (Decrease) | 2,357,505 | 3,812,056 |
Net Assets | | |
Beginning of Period | 11,650,260 | 7,838,204 |
End of Period | 14,007,765 | 11,650,260 |
1 Interest income from an affiliated company of the fund was $639,000.
See accompanying Notes, which are an integral part of the Financial Statements.
45
| | | | | |
Limited-Term Tax-Exempt Fund | | | | | |
|
|
Financial Highlights | | | | | |
|
Investor Shares | | | | | |
|
For a Share Outstanding | | | Year Ended October 31, |
Throughout Each Period | 2010 | 2009 | 2008 | 2007 | 2006 |
Net Asset Value, Beginning of Period | $10.97 | $10.65 | $10.73 | $10.72 | $10.71 |
Investment Operations | | | | | |
Net Investment Income | .259 | .304 | .366 | .371 | .344 |
Net Realized and Unrealized Gain (Loss) | | | | | |
on Investments | .180 | .320 | (.080) | .010 | .010 |
Total from Investment Operations | .439 | .624 | .286 | .381 | .354 |
Distributions | | | | | |
Dividends from Net Investment Income | (.259) | (.304) | (.366) | (.371) | (.344) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.259) | (.304) | (.366) | (.371) | (.344) |
Net Asset Value, End of Period | $11.15 | $10.97 | $10.65 | $10.73 | $10.72 |
|
Total Return1 | 4.04% | 5.92% | 2.68% | 3.62% | 3.37% |
|
Ratios/Supplemental Data | | | | | |
Net Assets, End of Period (Millions) | $3,484 | $3,070 | $2,094 | $1,798 | $1,983 |
Ratio of Total Expenses to | | | | | |
Average Net Assets | 0.20% | 0.20% | 0.15% | 0.15% | 0.16% |
Ratio of Net Investment Income to | | | | | |
Average Net Assets | 2.33% | 2.77% | 3.38% | 3.46% | 3.23% |
Portfolio Turnover Rate | 14% | 11% | 23% | 32% | 27% |
1 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
| | | | | |
Admiral Shares | | | | | |
|
For a Share Outstanding | | | Year Ended October 31, |
Throughout Each Period | 2010 | 2009 | 2008 | 2007 | 2006 |
Net Asset Value, Beginning of Period | $10.97 | $10.65 | $10.73 | $10.72 | $10.71 |
Investment Operations | | | | | |
Net Investment Income | .268 | .313 | .374 | .378 | .352 |
Net Realized and Unrealized Gain (Loss) | | | | | |
on Investments | .180 | .320 | (.080) | .010 | .010 |
Total from Investment Operations | .448 | .633 | .294 | .388 | .362 |
Distributions | | | | | |
Dividends from Net Investment Income | (.268) | (.313) | (.374) | (.378) | (.352) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.268) | (.313) | (.374) | (.378) | (.352) |
Net Asset Value, End of Period | $11.15 | $10.97 | $10.65 | $10.73 | $10.72 |
|
Total Return | 4.12% | 6.01% | 2.75% | 3.69% | 3.45% |
|
Ratios/Supplemental Data | | | | | |
Net Assets, End of Period (Millions) | $10,524 | $8,580 | $5,744 | $4,914 | $4,682 |
Ratio of Total Expenses to | | | | | |
Average Net Assets | 0.12% | 0.12% | 0.08% | 0.08% | 0.09% |
Ratio of Net Investment Income to | | | | | |
Average Net Assets | 2.41% | 2.85% | 3.45% | 3.53% | 3.30% |
Portfolio Turnover Rate | 14% | 11% | 23% | 32% | 27% |
See accompanying Notes, which are an integral part of the Financial Statements.
46
Limited-Term Tax-Exempt Fund
Notes to Financial Statements
Vanguard Limited-Term Tax-Exempt Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund invests in debt instruments of many municipal issuers; the issuers’ abilities to meet their obligations may be affected by economic and political developments in a specific state or region. The fund offers two classes of shares: Investor Shares and Admiral Shares. Investor Shares are available to any investor who meets the fund’s minimum purchase requirements. Admiral Shares are designed for investors who meet certain administrative, service, and account-size criteria.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. mutual funds. The fund consistently follows such policies in preparing its financial statements.
1. Security Valuation: Bonds, and temporary cash investments acquired over 60 days to maturity, are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Investments in Vanguard Municipal Cash Management Fund are valued at that fund’s net asset value. Other temporary cash investments are valued at amortized cost, which approximates market value. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value.
2. Futures Contracts: The fund uses futures contracts to invest in fixed income asset classes with greater efficiency and lower cost than is possible through direct investment, to add value when these instruments are attractively priced, or to adjust sensitivity to changes in interest rates. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid market.
Futures contracts are valued based upon their quoted daily settlement prices. The aggregate principal amounts of the contracts are not recorded in the Statement of Net Assets. Fluctuations in the value of the contracts are recorded in the Statement of Net Assets as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized futures gains (losses).
3. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (October 31, 2007–2010), and has concluded that no provision for federal income tax is required in the fund’s financial statements.
4. Distributions: Distributions from net investment income are declared daily and paid on the first business day of the following month. Annual distributions from realized capital gains, if any, are recorded on the ex-dividend date.
5. Other: Interest income includes income distributions received from Vanguard Municipal Cash Management Fund and is accrued daily. Premiums and discounts on debt securities purchased are amortized and accreted, respectively, to interest income over the lives of the respective securities. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. The Vanguard Group furnishes at cost investment advisory, corporate management, administrative, marketing, and distribution services. The costs of such services are allocated to the fund under methods approved by the board of trustees. The fund has committed to provide up to 0.40% of its net assets in capital contributions to Vanguard. At October 31, 2010, the fund had contributed capital of $2,502,000 to Vanguard (included in Other Assets), representing 0.02% of the fund’s net assets and 1.00% of Vanguard’s capitalization. The fund’s trustees and officers are also directors and officers of Vanguard.
47
Limited-Term Tax-Exempt Fund
C. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments).
The following table summarizes the fund’s investments as of October 31, 2010, based on the inputs used to value them:
| | | |
| Level 1 | Level 2 | Level 3 |
Investments | ($000) | ($000) | ($000) |
Tax-Exempt Municipal Bonds | — | 13,643,218 | — |
Temporary Cash Investments | 298,229 | — | — |
Futures Contracts—Assets1 | 984 | — | — |
Futures Contracts—Liabilities1 | (36) | — | — |
Total | 299,177 | 13,643,218 | — |
1 Represents variation margin on the last day of the reporting period. | | | |
D. At October 31, 2010, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:
| | | | |
| | | | ($000) |
| | | Aggregate | |
| | Number of | Settlement | Unrealized |
| | Long (Short) | Value | Appreciation |
Futures Contracts | Expiration | Contracts | Long (Short) | (Depreciation) |
2-Year United States Treasury Note | December 2010 | 842 | 185,227 | 1,002 |
10-Year United States Treasury Note | December 2010 | (4) | (505) | — |
Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.
E. Capital gain distributions are determined on a tax basis and may differ from realized capital gains for financial reporting purposes. Differences may be permanent or temporary. Permanent differences are reclassified among capital accounts in the financial statements to reflect their tax character. Temporary differences arise when gains or losses are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future.
For tax purposes, at October 31, 2010, the fund had available capital loss carryforwards totaling $119,024,000 to offset future net capital gains of $31,765,000 through October 31, 2011, $1,396,000 through October 31, 2012, $20,383,000 through October 31, 2013, $16,166,000 through October 31, 2014, $12,485,000 through October 31, 2015, $2,743,000 through October 31, 2016, $29,711,000 through October 31, 2017, and $4,375,000 through October 31, 2018.
The fund had realized losses totaling $19,009,000 through October 31, 2010, which are deferred for tax purposes and reduce the amount of tax-basis unrealized appreciation on investment securities.
At October 31, 2010, the cost of investment securities for tax purposes was $13,516,282,000. Net unrealized appreciation of investment securities for tax purposes was $425,165,000, consisting of unrealized gains of $427,116,000 on securities that had risen in value since their purchase and $1,951,000 in unrealized losses on securities that had fallen in value since their purchase.
F. During the year ended October 31, 2010, the fund purchased $3,327,817,000 of investment securities and sold $1,511,009,000 of investment securities, other than temporary cash investments.
48
Limited-Term Tax-Exempt Fund
G. Capital share transactions for each class of shares were:
| | | | | |
| | | Year Ended October 31, |
| 2010 | | | 2009 |
| Amount | Shares | Amount | Shares |
| ($000) | (000) | ($000) | (000) |
Investor Shares | | | | |
Issued | 1,896,854 | 171,199 | 2,070,032 | 189,929 |
Issued in Lieu of Cash Distributions | 66,725 | 6,015 | 59,642 | 5,474 |
Redeemed | (1,602,479) | (144,551) | (1,221,635) | (112,133) |
Net Increase (Decrease)—Investor Shares | 361,100 | 32,663 | 908,039 | 83,270 |
Admiral Shares | | | | |
Issued | 4,506,223 | 406,643 | 4,514,292 | 414,269 |
Issued in Lieu of Cash Distributions | 187,512 | 16,902 | 160,005 | 14,682 |
Redeemed | (2,900,145) | (261,548) | (2,024,837) | (186,046) |
Net Increase (Decrease)—Admiral Shares | 1,793,590 | 161,997 | 2,649,460 | 242,905 |
H. In preparing the financial statements as of October 31, 2010, management considered the impact of subsequent events for potential recognition or disclosure in these financial statements.
49
Intermediate-Term Tax-Exempt Fund
Fund Profile
As of October 31, 2010
| | | |
Financial Attributes | | |
| | Comparative | Broad |
| Fund | Index1 | Index2 |
Number of Issues | 2,897 | 4,709 | 46,273 |
Yield3 | | 2.34% | 3.10% |
Investor Shares | 2.47% | | |
Admiral Shares | 2.55% | | |
Yield to Maturity | 2.7%4 | 2.3% | 3.1% |
Average Coupon | 4.4% | 4.9% | 5.0%�� |
Average Effective | | | |
Maturity | 6.1 years | 7.0 years | 13.6 years |
Average Duration | 5.5 years | 5.0 years | 8.2 years |
Expense Ratio5 | | — | — |
Investor Shares | 0.20% | | |
Admiral Shares | 0.12% | | |
Short-Term Reserves | 8.4% | — | — |
| | |
Largest Area Concentrations6 | |
|
California | | 12.2% |
New York | | 11.6 |
Texas | | 8.3 |
Florida | | 7.4 |
New Jersey | | 6.3 |
Illinois | | 5.5 |
Pennsylvania | | 4.0 |
Massachusetts | | 4.0 |
Ohio | | 3.7 |
Georgia | | 3.1 |
Top Ten | | 66.1% |
|
|
Volatility Measures7 | |
| Fund Versus | Fund Versus |
| Comparative Index1 | Broad Index2 |
R-Squared | 0.86 | 0.96 |
Beta | 0.96 | 0.90 |
| |
Distribution by Maturity (% of portfolio) | |
|
Under 1 Year | 13.5% |
1–5 Years | 24.9 |
5–10 Years | 53.1 |
10–20 Years | 8.3 |
20–30 Years | 0.2 |
|
|
Distribution by Credit Quality (% of portfolio) |
|
AAA | 19.0% |
AA | 50.6 |
A | 24.8 |
BBB | 4.1 |
Not Rated | 1.5 |
For information about these ratings, see the Glossary entry for Credit Quality. |
| |
Investment Focus
![](https://capedge.com/proxy/N-CSR/0000932471-11-000013/municipalbondfundsx52x1.jpg)
1 Barclays Capital 7 Year Municipal Bond Index.
2 Barclays Capital Municipal Bond Index.
3 30-day SEC yield for the fund; index yield assumes that all bonds are called or prepaid at the earliest possible dates. See the Glossary.
4 Before expenses.
5 The expense ratios shown are from the prospectus dated April 22, 2010, and represent estimated costs for the current fiscal year. For the fiscal year ended October 31, 2010, the expense ratios were 0.20% for the Investor Shares and 0.12% for the Admiral Shares.
6 Percentage of net assets, excluding any futures contracts.
7 For an explanation of R-squared, beta, and other terms used here, see the Glossary.
50
Intermediate-Term Tax-Exempt Fund
Performance Summary
All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares.
Cumulative Performance: October 31, 2000–October 31, 2010
Initial Investment of $10,000
![](https://capedge.com/proxy/N-CSR/0000932471-11-000013/municipalbondfundsx53x1.jpg)
| | | | |
| | Average Annual Total Returns | Final Value |
| | Periods Ended October 31, 2010 | of a $10,000 |
| One Year | Five Years | Ten Years | Investment |
Intermediate-Term Tax-Exempt Fund | | | | |
Investor Shares | 6.95% | 4.90% | 4.86% | $16,080 |
Barclays Capital Municipal Bond Index | 7.78 | 5.20 | 5.59 | 17,225 |
Barclays Capital 7 Year Municipal Bond Index | 8.49 | 5.90 | 5.65 | 17,319 |
Intermediate Municipal Funds Average1 | 6.69 | 4.25 | 4.38 | 15,359 |
| | | | |
| | | | Final Value |
| | | Since | of a $50,000 |
| One Year | Five Years | Inception2 | Investment |
Intermediate-Term Tax-Exempt Fund Admiral Shares | 7.03% | 4.98% | 4.61% | $77,503 |
Barclays Capital Municipal Bond Index | 7.78 | 5.20 | 5.25 | 82,169 |
Barclays Capital 7 Year Municipal Bond Index | 8.49 | 5.90 | 5.32 | 82,764 |
1 Derived from data provided by Lipper Inc.
2 Performance for the fund’s Admiral Shares and comparative standards is calculated since the Admiral Shares’ inception: February 12, 2001.
See Financial Highlights for dividend and capital gains information.
51
| | | | |
Intermediate-Term Tax-Exempt Fund | | | | |
|
|
|
|
Fiscal-Year Total Returns (%): October 31, 2000–October 31, 2010 | | | |
| | | | Barclays |
| | | Investor Shares | Capital1 |
Fiscal | Capital | Income | Total | Total |
Year | Return | Return | Return | Return |
2001 | 4.3% | 5.1% | 9.4% | 9.9% |
2002 | –0.2 | 4.6 | 4.4 | 6.3 |
2003 | 0.5 | 4.2 | 4.7 | 5.8 |
2004 | 0.7 | 4.1 | 4.8 | 4.6 |
2005 | –3.0 | 4.0 | 1.0 | 0.6 |
2006 | 0.8 | 4.3 | 5.1 | 5.0 |
2007 | –1.4 | 4.1 | 2.7 | 3.6 |
2008 | –4.5 | 4.0 | –0.5 | 1.9 |
2009 | 6.3 | 4.2 | 10.5 | 10.7 |
2010 | 3.1 | 3.8 | 6.9 | 8.5 |
Average Annual Total Returns: Periods Ended September 30, 2010
This table presents average annual total returns through the latest calendar quarter—rather than through the end of the fiscal period. Securities and Exchange Commission rules require that we provide this information.
| | | | | | |
| | | | | | Ten Years |
| Inception Date | One Year | Five Years | Capital | Income | Total |
Investor Shares | 9/1/1977 | 5.00% | 4.86% | 0.72% | 4.27% | 4.99% |
Admiral Shares | 2/12/2001 | 5.08 | 4.94 | 0.402 | 4.292 | 4.692 |
1 Barclays Capital 7 Year Municipal Bond Index.
2 Return since inception.
52
Intermediate-Term Tax-Exempt Fund
Financial Statements
The Statement of Net Assets—an integral part of the Financial Statements for Vanguard Intermediate-Term Tax-Exempt Fund—is included as an insert to this report.
| |
Statement of Operations |
|
| Year Ended |
| October 31, 2010 |
| ($000) |
Investment Income | |
Income | |
Interest1 | 1,094,055 |
Total Income | 1,094,055 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 2,611 |
Management and Administrative— | |
Investor Shares | 12,646 |
Management and Administrative— | |
Admiral Shares | 17,395 |
Marketing and Distribution— | |
Investor Shares | 2,305 |
Marketing and Distribution— | |
Admiral Shares | 5,045 |
Custodian Fees | 186 |
Auditing Fees | 27 |
Shareholders’ Reports—Investor Shares | 243 |
Shareholders’ Reports—Admiral Shares | 89 |
Trustees’ Fees and Expenses | 40 |
Total Expenses | 40,587 |
Net Investment Income | 1,053,468 |
Realized Net Gain (Loss) | |
Investment Securities Sold | 170,000 |
Futures Contracts | (32,747) |
Realized Net Gain (Loss) | 137,253 |
Change in Unrealized Appreciation | |
(Depreciation) | |
Investment Securities | 724,983 |
Futures Contracts | 4,307 |
Change in Unrealized Appreciation | |
(Depreciation) | 729,290 |
Net Increase (Decrease) in Net Assets | |
Resulting from Operations | 1,920,011 |
| | |
Statement of Changes in Net Assets | | |
|
| Year Ended October 31, |
| 2010 | 2009 |
| ($000) | ($000) |
Increase (Decrease) in Net Assets | | |
Operations | | |
Net Investment Income | 1,053,468 | 880,108 |
Realized Net Gain (Loss) | 137,253 | (60,326) |
Change in Unrealized Appreciation (Depreciation) | 729,290 | 1,331,394 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,920,011 | 2,151,176 |
Distributions | | |
Net Investment Income | | |
Investor Shares | (291,138) | (255,642) |
Admiral Shares | (762,330) | (624,466) |
Realized Capital Gain | | |
Investor Shares | — | — |
Admiral Shares | — | — |
Total Distributions | (1,053,468) | (880,108) |
Capital Share Transactions | | |
Investor Shares | 350,640 | 1,623,002 |
Admiral Shares | 3,829,124 | 4,020,376 |
Net Increase (Decrease) from Capital Share Transactions | 4,179,764 | 5,643,378 |
Total Increase (Decrease) | 5,046,307 | 6,914,446 |
Net Assets | | |
Beginning of Period | 25,776,448 | 18,862,002 |
End of Period | 30,822,755 | 25,776,448 |
1 Interest income from an affiliated company of the fund was $782,000.
See accompanying Notes, which are an integral part of the Financial Statements.
53
| | | | | |
Intermediate-Term Tax-Exempt Fund | | | | | |
|
|
Financial Highlights | | | | | |
|
Investor Shares | | | | | |
|
For a Share Outstanding | | | Year Ended October 31, |
Throughout Each Period | 2010 | 2009 | 2008 | 2007 | 2006 |
Net Asset Value, Beginning of Period | $13.38 | $12.59 | $13.18 | $13.37 | $13.26 |
Investment Operations | | | | | |
Net Investment Income | .495 | .514 | .535 | .548 | .556 |
Net Realized and Unrealized Gain (Loss) | | | | | |
on Investments | .420 | .790 | (.590) | (.190) | .110 |
Total from Investment Operations | .915 | 1.304 | (.055) | .358 | .666 |
Distributions | | | | | |
Dividends from Net Investment Income | (.495) | (.514) | (.535) | (.548) | (.556) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.495) | (.514) | (.535) | (.548) | (.556) |
Net Asset Value, End of Period | $13.80 | $13.38 | $12.59 | $13.18 | $13.37 |
|
Total Return1 | 6.95% | 10.51% | –0.49% | 2.74% | 5.14% |
|
Ratios/Supplemental Data | | | | | |
Net Assets, End of Period (Millions) | $8,122 | $7,525 | $5,524 | $4,851 | $4,895 |
Ratio of Total Expenses to | | | | | |
Average Net Assets | 0.20% | 0.20% | 0.15% | 0.15% | 0.17% |
Ratio of Net Investment Income to | | | | | |
Average Net Assets | 3.63% | 3.91% | 4.08% | 4.14% | 4.19% |
Portfolio Turnover Rate | 20% | 19% | 23% | 12% | 8% |
1 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
| | | | | |
Admiral Shares | | | | | |
|
For a Share Outstanding | | | Year Ended October 31, |
Throughout Each Period | 2010 | 2009 | 2008 | 2007 | 2006 |
Net Asset Value, Beginning of Period | $13.38 | $12.59 | $13.18 | $13.37 | $13.26 |
Investment Operations | | | | | |
Net Investment Income | .506 | .524 | .544 | .557 | .566 |
Net Realized and Unrealized Gain (Loss) | | | | | |
on Investments | .420 | .790 | (.590) | (.190) | .110 |
Total from Investment Operations | .926 | 1.314 | (.046) | .367 | .676 |
Distributions | | | | | |
Dividends from Net Investment Income | (.506) | (.524) | (.544) | (.557) | (.566) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.506) | (.524) | (.544) | (.557) | (.566) |
Net Asset Value, End of Period | $13.80 | $13.38 | $12.59 | $13.18 | $13.37 |
|
Total Return | 7.03% | 10.60% | –0.42% | 2.81% | 5.22% |
|
Ratios/Supplemental Data | | | | | |
Net Assets, End of Period (Millions) | $22,701 | $18,251 | $13,338 | $11,484 | $9,445 |
Ratio of Total Expenses to | | | | | |
Average Net Assets | 0.12% | 0.12% | 0.08% | 0.08% | 0.09% |
Ratio of Net Investment Income to | | | | | |
Average Net Assets | 3.71% | 3.99% | 4.15% | 4.21% | 4.27% |
Portfolio Turnover Rate | 20% | 19% | 23% | 12% | 8% |
See accompanying Notes, which are an integral part of the Financial Statements.
54
Intermediate-Term Tax-Exempt Fund
Notes to Financial Statements
Vanguard Intermediate-Term Tax-Exempt Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund invests in debt instruments of many municipal issuers; the issuers’ abilities to meet their obligations may be affected by economic and political developments in a specific state or region. The fund offers two classes of shares: Investor Shares and Admiral Shares. Investor Shares are available to any investor who meets the fund’s minimum purchase requirements. Admiral Shares are designed for investors who meet certain administrative, service, and account-size criteria.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. mutual funds. The fund consistently follows such policies in preparing its financial statements.
1. Security Valuation: Bonds, and temporary cash investments acquired over 60 days to maturity, are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Investments in Vanguard Municipal Cash Management Fund are valued at that fund’s net asset value. Other temporary cash investments are valued at amortized cost, which approximates market value. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value.
2. Futures Contracts: The fund uses futures contracts to invest in fixed income asset classes with greater efficiency and lower cost than is possible through direct investment, to add value when these instruments are attractively priced, or to adjust sensitivity to changes in interest rates. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid market.
Futures contracts are valued based upon their quoted daily settlement prices. The aggregate principal amounts of the contracts are not recorded in the Statement of Net Assets. Fluctuations in the value of the contracts are recorded in the Statement of Net Assets as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized futures gains (losses).
3. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (October 31, 2007–2010), and has concluded that no provision for federal income tax is required in the fund’s financial statements.
4. Distributions: Distributions from net investment income are declared daily and paid on the first business day of the following month. Annual distributions from realized capital gains, if any, are recorded on the ex-dividend date.
5. Other: Interest income includes income distributions received from Vanguard Municipal Cash Management Fund and is accrued daily. Premiums and discounts on debt securities purchased are amortized and accreted, respectively, to interest income over the lives of the respective securities. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. The Vanguard Group furnishes at cost investment advisory, corporate management, administrative, marketing, and distribution services. The costs of such services are allocated to the fund under methods approved by the board of trustees. The fund has committed to provide up to 0.40% of its net assets in capital contributions to Vanguard. At October 31, 2010, the fund had contributed capital of $5,543,000 to Vanguard (included in Other Assets), representing 0.02% of the fund’s net assets and 2.22% of Vanguard’s capitalization. The fund’s trustees and officers are also directors and officers of Vanguard.
55
Intermediate-Term Tax-Exempt Fund
C. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments).
The following table summarizes the fund’s investments as of October 31, 2010, based on the inputs used to value them:
| | | |
| Level 1 | Level 2 | Level 3 |
Investments | ($000) | ($000) | ($000) |
Tax-Exempt Municipal Bonds | — | 30,189,581 | — |
Temporary Cash Investments | 448,327 | — | — |
Futures Contracts—Assets1 | 3,881 | — | — |
Futures Contracts—Liabilities1 | (2,038) | — | — |
Total | 450,170 | 30,189,581 | — |
1 Represents variation margin on the last day of the reporting period. | | | |
D. At October 31, 2010, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:
| | | | |
| | | | ($000) |
| | | Aggregate | |
| | Number of | Settlement | Unrealized |
| | Long (Short) | Value | Appreciation |
Futures Contracts | Expiration | Contracts | Long (Short) | (Depreciation) |
2-Year United States Treasury Note | December 2010 | 1,850 | 406,971 | 2,200 |
10-Year United States Treasury Note | December 2010 | 12 | 1,515 | 8 |
Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.
E. Capital gain distributions are determined on a tax basis and may differ from realized capital gains for financial reporting purposes. Differences may be permanent or temporary. Permanent differences are reclassified among capital accounts in the financial statements to reflect their tax character. Temporary differences arise when gains or losses are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future.
For tax purposes, at October 31, 2010, the fund had available capital loss carryforwards totaling $14,677,000 to offset future net capital gains through October 31, 2017.
The fund had realized losses totaling $30,978,000 through October 31, 2010, which are deferred for tax purposes and reduce the amount of tax-basis unrealized appreciation on investment securities.
At October 31, 2010, the cost of investment securities for tax purposes was $29,320,626,000. Net unrealized appreciation of investment securities for tax purposes was $1,317,282,000, consisting of unrealized gains of $1,361,302,000 on securities that had risen in value since their purchase and $44,020,000 in unrealized losses on securities that had fallen in value since their purchase.
F. During the year ended October 31, 2010, the fund purchased $8,386,585,000 of investment securities and sold $5,331,489,000 of investment securities, other than temporary cash investments.
56
Intermediate-Term Tax-Exempt Fund
G. Capital share transactions for each class of shares were:
| | | | | |
| | | | |
| | | Year Ended October 31, |
| | 2010 | | | 2009 |
| Amount | Shares | Amount | Shares |
| ($000) | (000) | ($000) | (000) |
Investor Shares | | | | |
Issued | 3,074,387 | 225,980 | 3,884,647 | 296,428 |
Issued in Lieu of Cash Distributions | 226,976 | 16,648 | 200,148 | 15,237 |
Redeemed | (2,950,723) | (216,456) | (2,461,793) | (188,100) |
Net Increase (Decrease)—Investor Shares | 350,640 | 26,172 | 1,623,002 | 123,565 |
Admiral Shares | | | | |
Issued | 7,161,127 | 526,019 | 7,190,539 | 548,053 |
Issued in Lieu of Cash Distributions | 548,722 | 40,236 | 445,763 | 33,931 |
Redeemed | (3,880,725) | (285,077) | (3,615,926) | (277,551) |
Net Increase (Decrease)—Admiral Shares | 3,829,124 | 281,178 | 4,020,376 | 304,433 |
H. In preparing the financial statements as of October 31, 2010, management considered the impact of subsequent events for potential recognition or disclosure in these financial statements.
57
Long-Term Tax-Exempt Fund
Fund Profile
As of October 31, 2010
| | | |
Financial Attributes | | |
| | Comparative | Broad |
| Fund | Index1 | Index2 |
Number of Issues | 881 | 8,595 | 46,273 |
Yield3 | | 2.99% | 3.10% |
Investor Shares | 3.17% | | |
Admiral Shares | 3.25% | | |
Yield to Maturity | 3.4%4 | 3.0% | 3.1% |
Average Coupon | 4.4% | 4.9% | 5.0% |
Average Effective | | | |
Maturity | 7.7 years | 9.9 years | 13.6 years |
Average Duration | 6.8 years | 6.9 years | 8.2 years |
Expense Ratio5 | | — | — |
Investor Shares | 0.20% | | |
Admiral Shares | 0.12% | | |
Short-Term Reserves | 6.2% | — | — |
| | |
Largest Area Concentrations6 | |
|
California | | 17.7% |
New York | | 9.6 |
Florida | | 7.8 |
Texas | | 7.5 |
Illinois | | 6.2 |
New Jersey | | 5.4 |
Massachusetts | | 4.8 |
Ohio | | 3.6 |
Georgia | | 3.0 |
Pennsylvania | | 2.8 |
Top Ten | | 68.4% |
|
|
Volatility Measures7 | |
| Fund Versus | Fund Versus |
| Comparative Index1 | Broad Index2 |
R-Squared | 0.85 | 0.98 |
Beta | 1.01 | 1.12 |
| |
Distribution by Maturity (% of portfolio) | |
|
Under 1 Year | 11.4% |
1–5 Years | 21.6 |
5–10 Years | 51.8 |
10–20 Years | 9.3 |
20–30 Years | 4.7 |
Over 30 Years | 1.2 |
|
|
Distribution by Credit Quality (% of portfolio) |
|
AAA | 17.3% |
AA | 46.0 |
A | 24.7 |
BBB | 7.6 |
Not Rated | 4.4 |
For information about these ratings, see the Glossary entry for Credit Quality. |
| |
Investment Focus
![](https://capedge.com/proxy/N-CSR/0000932471-11-000013/municipalbondfundsx60x1.jpg)
1 Barclays Capital 10 Year Municipal Bond Index.
2 Barclays Capital Municipal Bond Index.
3 30-day SEC yield for the fund; index yield assumes that all bonds are called or prepaid at the earliest possible dates. See the Glossary.
4 Before expenses.
5 The expense ratios shown are from the prospectus dated April 22, 2010, and represent estimated costs for the current fiscal year. For the fiscal year ended October 31, 2010, the expense ratios were 0.20% for the Investor Shares and 0.12% for the Admiral Shares.
6 Percentage of net assets, excluding any futures contracts.
7 For an explanation of R-squared, beta, and other terms used here, see the Glossary.
58
Long-Term Tax-Exempt Fund
Performance Summary
All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares.
Cumulative Performance: October 31, 2000–October 31, 2010
Initial Investment of $10,000
![](https://capedge.com/proxy/N-CSR/0000932471-11-000013/municipalbondfundsx61x1.jpg)
| | | | |
| | Average Annual Total Returns | Final Value |
| | Periods Ended October 31, 2010 | of a $10,000 |
One Year | Five Years | Ten Years | Investment |
Long-Term Tax-Exempt Fund Investor Shares | 7.52% | 4.75% | 5.33% | $16,803 |
Barclays Capital Municipal Bond Index | 7.78 | 5.20 | 5.59 | 17,225 |
Barclays Capital 10 Year Municipal Bond Index | 8.83 | 5.86 | 5.80 | 17,566 |
General Municipal Funds Average1 | 7.60 | 3.83 | 4.46 | 15,472 |
| | | | |
| | | | Final Value |
| | | Since | of a $50,000 |
| One Year | Five Years | Inception2 | Investment |
Long-Term Tax-Exempt Fund Admiral Shares | 7.61% | 4.83% | 4.95% | $79,981 |
Barclays Capital Municipal Bond Index | 7.78 | 5.20 | 5.25 | 82,169 |
Barclays Capital 10 Year Municipal Bond Index | 8.83 | 5.86 | 5.46 | 83,836 |
1 Derived from data provided by Lipper Inc.
2 Performance for the fund’s Admiral Shares and comparative standards is calculated since the Admiral Shares’ inception: February 12, 2001.
See Financial Highlights for dividend and capital gains information.
59
| | | | |
Long-Term Tax-Exempt Fund | | | | |
|
|
|
|
Fiscal-Year Total Returns (%): October 31, 2000–October 31, 2010 | | | |
| | | | Barclays |
| | | Investor Shares | Capital1 |
Fiscal | Capital | Income | Total | Total |
Year | Return | Return | Return | Return |
2001 | 6.1% | 5.4% | 11.5% | 10.2% |
2002 | 0.1 | 4.9 | 5.0 | 6.2 |
2003 | 0.7 | 4.7 | 5.4 | 4.9 |
2004 | 1.4 | 4.7 | 6.1 | 6.3 |
2005 | –2.8 | 4.5 | 1.7 | 1.2 |
2006 | 1.4 | 4.7 | 6.1 | 6.0 |
2007 | –2.2 | 4.6 | 2.4 | 3.2 |
2008 | –9.0 | 4.3 | –4.7 | –0.6 |
2009 | 8.2 | 5.1 | 13.3 | 12.4 |
2010 | 3.0 | 4.5 | 7.5 | 8.8 |
Average Annual Total Returns: Periods Ended September 30, 2010
This table presents average annual total returns through the latest calendar quarter—rather than through the end of the fiscal period. Securities and Exchange Commission rules require that we provide this information.
| | | | | | |
| | | | | | Ten Years |
| Inception Date | One Year | Five Years | Capital | Income | Total |
Investor Shares | 9/1/1977 | 5.05% | 4.66% | 0.73% | 4.76% | 5.49% |
Admiral Shares | 2/12/2001 | 5.13 | 4.74 | 0.242 | 4.792 | 5.032 |
1 Barclays Capital 10 Year Municipal Bond Index.
2 Return since inception.
60
Long-Term Tax-Exempt Fund
Financial Statements
The Statement of Net Assets—an integral part of the Financial Statements for Vanguard Long-Term Tax-Exempt Fund—is included as an insert to this report.
| |
Statement of Operations |
|
| Year Ended |
| October 31, 2010 |
| ($000) |
Investment Income | |
Income | |
Interest1 | 343,022 |
Total Income | 343,022 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 709 |
Management and Administrative— | |
Investor Shares | 2,703 |
Management and Administrative— | |
Admiral Shares | 5,190 |
Marketing and Distribution— | |
Investor Shares | 482 |
Marketing and Distribution— | |
Admiral Shares | 1,304 |
Custodian Fees | 53 |
Auditing Fees | 27 |
Shareholders’ Reports—Investor Shares | 79 |
Shareholders’ Reports—Admiral Shares | 27 |
Trustees’ Fees and Expenses | 11 |
Total Expenses | 10,585 |
Net Investment Income | 332,437 |
Realized Net Gain (Loss) | |
Investment Securities Sold | 31,697 |
Futures Contracts | (6,070) |
Realized Net Gain (Loss) | 25,627 |
Change in Unrealized Appreciation | |
(Depreciation) | |
Investment Securities | 203,516 |
Futures Contracts | 1,188 |
Change in Unrealized Appreciation | |
(Depreciation) | 204,704 |
Net Increase (Decrease) in Net Assets | |
Resulting from Operations | 562,768 |
| | |
Statement of Changes in Net Assets | | |
|
| Year Ended October 31, |
| 2010 | 2009 |
| ($000) | ($000) |
Increase (Decrease) in Net Assets | | |
Operations | | |
Net Investment Income | 332,437 | 293,844 |
Realized Net Gain (Loss) | 25,627 | (31,859) |
Change in Unrealized Appreciation (Depreciation) | 204,704 | 693,132 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 562,768 | 955,117 |
Distributions | | |
Net Investment Income | | |
Investor Shares | (73,763) | (70,768) |
Admiral Shares | (258,674) | (223,076) |
Realized Capital Gain | | |
Investor Shares | — | — |
Admiral Shares | — | — |
Total Distributions | (332,437) | (293,844) |
Capital Share Transactions | | |
Investor Shares | (204,738) | 916,121 |
Admiral Shares | 635,848 | 2,871,176 |
Net Increase (Decrease) from Capital Share Transactions | 431,110 | 3,787,297 |
Total Increase (Decrease) | 661,441 | 4,448,570 |
Net Assets | | |
Beginning of Period | 7,315,201 | 2,866,631 |
End of Period | 7,976,642 | 7,315,201 |
1 Interest income from an affiliated company of the fund was $331,000.
See accompanying Notes, which are an integral part of the Financial Statements.
61
| | | | | |
Long-Term Tax-Exempt Fund | | | | | |
|
|
Financial Highlights | | | | | |
|
Investor Shares | | | | | |
|
For a Share Outstanding | | | Year Ended October 31, |
Throughout Each Period | 2010 | 2009 | 2008 | 2007 | 2006 |
Net Asset Value, Beginning of Period | $10.92 | $10.09 | $11.09 | $11.34 | $11.23 |
Investment Operations | | | | | |
Net Investment Income | .475 | .487 | .497 | .512 | .516 |
Net Realized and Unrealized Gain (Loss) | | | | | |
on Investments | .330 | .830 | (1.000) | (.250) | .153 |
Total from Investment Operations | .805 | 1.317 | (.503) | .262 | .669 |
Distributions | | | | | |
Dividends from Net Investment Income | (.475) | (.487) | (.497) | (.512) | (.516) |
Distributions from Realized Capital Gains | — | — | — | — | (.043) |
Total Distributions | (.475) | (.487) | (.497) | (.512) | (.559) |
Net Asset Value, End of Period | $11.25 | $10.92 | $10.09 | $11.09 | $11.34 |
|
Total Return1 | 7.52% | 13.32% | –4.74% | 2.37% | 6.14% |
|
Ratios/Supplemental Data | | | | | |
Net Assets, End of Period (Millions) | $1,615 | $1,768 | $686 | $653 | $641 |
Ratio of Total Expenses to | | | | | |
Average Net Assets | 0.20% | 0.20% | 0.15% | 0.15% | 0.16% |
Ratio of Net Investment Income to | | | | | |
Average Net Assets | 4.28% | 4.59% | 4.56% | 4.57% | 4.61% |
Portfolio Turnover Rate | 23% | 15% | 26% | 13% | 8% |
1 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
| | | | | |
Admiral Shares | | | | | |
|
For a Share Outstanding | | | Year Ended October 31, |
Throughout Each Period | 2010 | 2009 | 2008 | 2007 | 2006 |
Net Asset Value, Beginning of Period | $10.92 | $10.09 | $11.09 | $11.34 | $11.23 |
Investment Operations | | | | | |
Net Investment Income | .484 | .495 | .504 | .520 | .524 |
Net Realized and Unrealized Gain (Loss) | | | | | |
on Investments | .330 | .830 | (1.000) | (.250) | .153 |
Total from Investment Operations | .814 | 1.325 | (.496) | .270 | .677 |
Distributions | | | | | |
Dividends from Net Investment Income | (.484) | (.495) | (.504) | (.520) | (.524) |
Distributions from Realized Capital Gains | — | — | — | — | (.043) |
Total Distributions | (.484) | (.495) | (.504) | (.520) | (.567) |
Net Asset Value, End of Period | $11.25 | $10.92 | $10.09 | $11.09 | $11.34 |
|
Total Return | 7.61% | 13.41% | –4.68% | 2.44% | 6.22% |
|
Ratios/Supplemental Data | | | | | |
Net Assets, End of Period (Millions) | $6,361 | $5,547 | $2,180 | $1,962 | $1,686 |
Ratio of Total Expenses to | | | | | |
Average Net Assets | 0.12% | 0.12% | 0.08% | 0.08% | 0.09% |
Ratio of Net Investment Income to | | | | | |
Average Net Assets | 4.36% | 4.67% | 4.63% | 4.64% | 4.68% |
Portfolio Turnover Rate | 23% | 15% | 26% | 13% | 8% |
See accompanying Notes, which are an integral part of the Financial Statements.
62
Long-Term Tax-Exempt Fund
Notes to Financial Statements
Vanguard Long-Term Tax-Exempt Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund invests in debt instruments of many municipal issuers; the issuers’ abilities to meet their obligations may be affected by economic and political developments in a specific state or region. The fund offers two classes of shares: Investor Shares and Admiral Shares. Investor Shares are available to any investor who meets the fund’s minimum purchase requirements. Admiral Shares are designed for investors who meet certain administrative, service, and account-size criteria.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. mutual funds. The fund consistently follows such policies in preparing its financial statements.
1. Security Valuation: Bonds, and temporary cash investments acquired over 60 days to maturity, are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Investments in Vanguard Municipal Cash Management Fund are valued at that fund’s net asset value. Other temporary cash investments are valued at amortized cost, which approximates market value. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value.
2. Futures Contracts: The fund uses futures contracts to invest in fixed income asset classes with greater efficiency and lower cost than is possible through direct investment, to add value when these instruments are attractively priced, or to adjust sensitivity to changes in interest rates. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid market.
Futures contracts are valued based upon their quoted daily settlement prices. The aggregate principal amounts of the contracts are not recorded in the Statement of Net Assets. Fluctuations in the value of the contracts are recorded in the Statement of Net Assets as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized futures gains (losses).
3. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (October 31, 2007–2010), and has concluded that no provision for federal income tax is required in the fund’s financial statements.
4. Distributions: Distributions from net investment income are declared daily and paid on the first business day of the following month. Annual distributions from realized capital gains, if any, are recorded on the ex-dividend date.
5. Other: Interest income includes income distributions received from Vanguard Municipal Cash Management Fund and is accrued daily. Premiums and discounts on debt securities purchased are amortized and accreted, respectively, to interest income over the lives of the respective securities. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. The Vanguard Group furnishes at cost investment advisory, corporate management, administrative, marketing, and distribution services. The costs of such services are allocated to the fund under methods approved by the board of trustees. The fund has committed to provide up to 0.40% of its net assets in capital contributions to Vanguard. At October 31, 2010, the fund had contributed capital of $1,444,000 to Vanguard (included in Other Assets), representing 0.02% of the fund’s net assets and 0.58% of Vanguard’s capitalization. The fund’s trustees and officers are also directors and officers of Vanguard.
63
Long-Term Tax-Exempt Fund
C. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments).
The following table summarizes the fund’s investments as of October 31, 2010, based on the inputs used to value them:
| | | |
| Level 1 | Level 2 | Level 3 |
Investments | ($000) | ($000) | ($000) |
Tax-Exempt Municipal Bonds | — | 7,762,436 | — |
Temporary Cash Investments | 136,150 | — | — |
Futures Contracts—Assets1 | 1,009 | — | — |
Futures Contracts—Liabilities1 | (530) | — | — |
Total | 136,629 | 7,762,436 | — |
1 Represents variation margin on the last day of the reporting period. | | | |
D. At October 31, 2010, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:
| | | | |
| | | | ($000) |
| | | Aggregate | |
| | Number of | Settlement | Unrealized |
| | Long (Short) | Value | Appreciation |
Futures Contracts | Expiration | Contracts | Long (Short) | (Depreciation) |
2-Year United States Treasury Note | December 2010 | 479 | 105,373 | 570 |
10-Year United States Treasury Note | December 2010 | 4 | 505 | 2 |
Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.
E. Capital gain distributions are determined on a tax basis and may differ from realized capital gains for financial reporting purposes. Differences may be permanent or temporary. Permanent differences are reclassified among capital accounts in the financial statements to reflect their tax character. Temporary differences arise when gains or losses are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future.
For tax purposes, at October 31, 2010, the fund had available capital loss carryforwards totaling $34,152,000 to offset future net capital gains of $21,275,000 through October 31, 2016, and $12,877,000 through October 31, 2017.
The fund had realized losses totaling $29,643,000 through October 31, 2010, which are deferred for tax purposes and reduce the amount of tax-basis unrealized appreciation on investment securities.
At October 31, 2010, the cost of investment securities for tax purposes was $7,528,193,000. Net unrealized appreciation of investment securities for tax purposes was $370,393,000, consisting of unrealized gains of $416,660,000 on securities that had risen in value since their purchase and $46,267,000 in unrealized losses on securities that had fallen in value since their purchase.
F. During the year ended October 31, 2010, the fund purchased $1,814,534,000 of investment securities and sold $1,654,760,000 of investment securities, other than temporary cash investments.
64
Long-Term Tax-Exempt Fund
G. Capital share transactions for each class of shares were:
| | | | | |
| | | | |
| | | Year Ended October 31, |
| | 2010 | | | 2009 |
| Amount | Shares | Amount | Shares |
| ($000) | (000) | ($000) | (000) |
Investor Shares | | | | |
Issued | 446,803 | 40,359 | 684,758 | 64,893 |
Issued in Connection with Acquisition of Insured | | | | |
Long-Term Tax-Exempt Fund | — | — | 773,080 | 80,271 |
Issued in Lieu of Cash Distributions | 57,444 | 5,179 | 54,052 | 5,098 |
Redeemed | (708,985) | (63,888) | (595,769) | (56,379) |
Net Increase (Decrease)—Investor Shares | (204,738) | (18,350) | 916,121 | 93,883 |
Admiral Shares | | | | |
Issued | 1,474,526 | 133,038 | 1,585,607 | 151,096 |
Issued in Connection with Acquisition of Insured | | | | |
Long-Term Tax-Exempt Fund | — | — | 2,162,874 | 224,577 |
Issued in Lieu of Cash Distributions | 169,860 | 15,309 | 146,808 | 13,844 |
Redeemed | (1,008,538) | (91,050) | (1,024,113) | (97,592) |
Net Increase (Decrease)—Admiral Shares | 635,848 | 57,297 | 2,871,176 | 291,925 |
H. On December 12, 2008, the fund acquired all the net assets of Vanguard Insured Long-Term Tax-Exempt Fund pursuant to a plan of reorganization approved by the funds’ board of trustees. The acquisition was accomplished by a tax-free exchange of 304,848,000 shares of the fund for 274,107,000 shares of the Insured Long-Term Tax-Exempt Fund outstanding as of the close of business on December 12, 2008. Each class of shares of the Insured Long-Term Tax-Exempt Fund was exchanged for the like class of shares of the fund. The Insured Long-Term Tax-Exempt Fund’s net assets as of the close of business on December 12, 2008, of $2,935,954,000, including $323,828,000 of unrealized depreciation, were combined with the fund’s net assets. The net assets of the fund immediately before the acquisition were $2,825,457,000. The net assets of the fund immediately following the acquisition were $5,761,411,000.
I. In preparing the financial statements as of October 31, 2010, management considered the impact of subsequent events for potential recognition or disclosure in these financial statements.
65
High-Yield Tax-Exempt Fund
Fund Profile
As of October 31, 2010
| | | |
Financial Attributes | | |
| | Comparative | Broad |
| Fund | Index1 | Index2 |
Number of Issues | 786 | 8,595 | 46,273 |
Yield3 | | 2.99% | 3.10% |
Investor Shares | 3.57% | | |
Admiral Shares | 3.65% | | |
Yield to Maturity | 3.9%4 | 3.0% | 3.1% |
Average Coupon | 4.6% | 4.9% | 5.0% |
Average Effective | | | |
Maturity | 8.7 years | 9.9 years | 13.6 years |
Average Duration | 7.0 years | 6.9 years | 8.2 years |
Expense Ratio5 | | — | — |
Investor Shares | 0.20% | | |
Admiral Shares | 0.12% | | |
Short-Term Reserves | 6.1% | — | — |
| | |
Largest Area Concentrations6 | |
|
California | | 13.0% |
New York | | 10.0 |
Texas | | 8.8 |
Florida | | 6.9 |
New Jersey | | 6.5 |
Illinois | | 4.4 |
Puerto Rico | | 3.7 |
Pennsylvania | | 3.5 |
Colorado | | 3.3 |
Ohio | | 3.2 |
Top Ten | | 63.3% |
|
|
Volatility Measures7 | |
| Fund Versus | Fund Versus |
| Comparative Index1 | Broad Index2 |
R-Squared | 0.68 | 0.85 |
Beta | 1.03 | 1.18 |
| |
Distribution by Maturity (% of portfolio) | |
|
Under 1 Year | 12.9% |
1–5 Years | 15.3 |
5–10 Years | 53.2 |
10–20 Years | 9.3 |
20–30 Years | 7.4 |
Over 30 Years | 1.9 |
|
|
Distribution by Credit Quality (% of portfolio) |
|
AAA | 10.9% |
AA | 32.9 |
A | 32.8 |
BBB | 15.0 |
BB | 0.5 |
B | 1.7 |
Not Rated | 6.2 |
For information about these ratings, see the Glossary entry for Credit Quality. |
| |
Investment Focus
![](https://capedge.com/proxy/N-CSR/0000932471-11-000013/municipalbondfundsx68x1.jpg)
1 Barclays Capital 10 Year Municipal Bond Index.
2 Barclays Capital Municipal Bond Index.
3 30-day SEC yield for the fund; index yield assumes that all bonds are called or prepaid at the earliest possible dates. See the Glossary.
4 Before expenses.
5 The expense ratios shown are from the prospectus dated April 22, 2010, and represent estimated costs for the current fiscal year. For the fiscal year ended October 31, 2010, the expense ratios were 0.20% for the Investor Shares and 0.12% for the Admiral Shares.
6 Percentage of net assets, excluding any futures contracts.
7 For an explanation of R-squared, beta, and other terms used here, see the Glossary.
66
High-Yield Tax-Exempt Fund
Performance Summary
All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares.
Cumulative Performance: October 31, 2000–October 31, 2010
Initial Investment of $10,000
![](https://capedge.com/proxy/N-CSR/0000932471-11-000013/municipalbondfundsx69x1.jpg)
| | | | |
| | Average Annual Total Returns | Final Value |
| | Periods Ended October 31, 2010 | of a $10,000 |
One Year | Five Years | Ten Years | Investment |
High-Yield Tax-Exempt Fund Investor Shares | 8.76% | 4.72% | 5.31% | $16,781 |
Barclays Capital Municipal Bond Index | 7.78 | 5.20 | 5.59 | 17,225 |
Barclays Capital 10 Year Municipal Bond Index | 8.83 | 5.86 | 5.80 | 17,566 |
High Yield Municipal Funds Average1 | 11.46 | 2.54 | 4.08 | 14,917 |
| | | | |
| | | | Final Value |
| | | Since | of a $50,000 |
| One Year | Five Years | Inception2 | Investment |
High-Yield Tax-Exempt Fund Admiral Shares | 8.85% | 4.80% | 4.83% | $76,345 |
Barclays Capital Municipal Bond Index | 7.78 | 5.20 | 5.02 | 77,569 |
Barclays Capital 10 Year Municipal Bond Index | 8.83 | 5.86 | 5.33 | 79,659 |
1 Derived from data provided by Lipper Inc.
2 Performance for the fund’s Admiral Shares and comparative standards is calculated since the Admiral Shares’ inception: November 12, 2001.
See Financial Highlights for dividend and capital gains information.
67
| | | | |
High-Yield Tax-Exempt Fund | | | | |
|
|
|
|
Fiscal-Year Total Returns (%): October 31, 2000–October 31, 2010 | | | |
| | | | Barclays |
| | | Investor Shares | Capital1 |
Fiscal | Capital | Income | Total | Total |
Year | Return | Return | Return | Return |
2001 | 4.0% | 5.8% | 9.8% | 10.2% |
2002 | –1.7 | 5.4 | 3.7 | 6.2 |
2003 | 1.4 | 5.1 | 6.5 | 4.9 |
2004 | 1.6 | 4.9 | 6.5 | 6.3 |
2005 | –1.4 | 4.6 | 3.2 | 1.2 |
2006 | 1.9 | 4.7 | 6.6 | 6.0 |
2007 | –2.7 | 4.6 | 1.9 | 3.2 |
2008 | –12.5 | 4.3 | –8.2 | –0.6 |
2009 | 10.4 | 5.7 | 16.1 | 12.4 |
2010 | 4.0 | 4.8 | 8.8 | 8.8 |
Average Annual Total Returns: Periods Ended September 30, 2010
This table presents average annual total returns through the latest calendar quarter—rather than through the end of the fiscal period. Securities and Exchange Commission rules require that we provide this information.
| | | | | | |
| | | | | | Ten Years |
| Inception Date | One Year | Five Years | Capital | Income | Total |
Investor Shares | 12/27/1978 | 6.39% | 4.65% | 0.44% | 4.98% | 5.42% |
Admiral Shares | 11/12/2001 | 6.47 | 4.73 | –0.052 | 4.952 | 4.902 |
1 Barclays Capital 10 Year Municipal Bond Index.
2 Return since inception.
68
High-Yield Tax-Exempt Fund
Financial Statements
The Statement of Net Assets—an integral part of the Financial Statements for Vanguard High-Yield Tax-Exempt Fund—is included as an insert to this report.
| |
Statement of Operations |
|
| Year Ended |
| October 31, 2010 |
| ($000) |
Investment Income | |
Income | |
Interest1 | 313,141 |
Total Income | 313,141 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 617 |
Management and Administrative— | |
Investor Shares | 2,985 |
Management and Administrative— | |
Admiral Shares | 4,126 |
Marketing and Distribution— | |
Investor Shares | 536 |
Marketing and Distribution— | |
Admiral Shares | 1,070 |
Custodian Fees | 48 |
Auditing Fees | 27 |
Shareholders’ Reports—Investor Shares | 94 |
Shareholders’ Reports—Admiral Shares | 26 |
Trustees’ Fees and Expenses | 10 |
Total Expenses | 9,539 |
Net Investment Income | 303,602 |
Realized Net Gain (Loss) | |
Investment Securities Sold | 1,405 |
Futures Contracts | (5,625) |
Realized Net Gain (Loss) | (4,220) |
Change in Unrealized Appreciation | |
(Depreciation) | |
Investment Securities | 267,607 |
Futures Contracts | 1,051 |
Change in Unrealized Appreciation | |
(Depreciation) | 268,658 |
Net Increase (Decrease) in Net Assets | |
Resulting from Operations | 568,040 |
| | |
Statement of Changes in Net Assets | | |
|
| Year Ended October 31, |
| 2010 | 2009 |
| ($000) | ($000) |
Increase (Decrease) in Net Assets | | |
Operations | | |
Net Investment Income | 303,602 | 290,903 |
Realized Net Gain (Loss) | (4,220) | (89,111) |
Change in Unrealized Appreciation (Depreciation) | 268,658 | 668,151 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 568,040 | 869,943 |
Distributions | | |
Net Investment Income | | |
Investor Shares | (85,773) | (86,169) |
Admiral Shares | (217,829) | (204,734) |
Realized Capital Gain | | |
Investor Shares | — | — |
Admiral Shares | — | — |
Total Distributions | (303,602) | (290,903) |
Capital Share Transactions | | |
Investor Shares | (107,642) | 59,882 |
Admiral Shares | 595,219 | 270,703 |
Net Increase (Decrease) from Capital Share Transactions | 487,577 | 330,585 |
Total Increase (Decrease) | 752,015 | 909,625 |
Net Assets | | |
Beginning of Period | 6,338,854 | 5,429,229 |
End of Period | 7,090,869 | 6,338,854 |
1 Interest income from an affiliated company of the fund was $201,000.
See accompanying Notes, which are an integral part of the Financial Statements.
69
| | | | | |
High-Yield Tax-Exempt Fund | | | | | |
|
|
Financial Highlights | | | | | |
|
Investor Shares | | | | | |
|
For a Share Outstanding | | | Year Ended October 31, |
Throughout Each Period | 2010 | 2009 | 2008 | 2007 | 2006 |
Net Asset Value, Beginning of Period | $10.26 | $9.29 | $10.62 | $10.91 | $10.71 |
Investment Operations | | | | | |
Net Investment Income | .470 | .483 | .494 | .497 | .491 |
Net Realized and Unrealized Gain (Loss) | | | | | |
on Investments | .410 | .970 | (1.330) | (.290) | .200 |
Total from Investment Operations | .880 | 1.453 | (.836) | .207 | .691 |
Distributions | | | | | |
Dividends from Net Investment Income | (.470) | (.483) | (.494) | (.497) | (.491) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.470) | (.483) | (.494) | (.497) | (.491) |
Net Asset Value, End of Period | $10.67 | $10.26 | $9.29 | $10.62 | $10.91 |
|
Total Return1 | 8.76% | 16.09% | –8.20% | 1.94% | 6.61% |
|
Ratios/Supplemental Data | | | | | |
Net Assets, End of Period (Millions) | $1,861 | $1,892 | $1,660 | $1,965 | $1,830 |
Ratio of Total Expenses to | | | | | |
Average Net Assets | 0.20% | 0.20% | 0.15% | 0.15% | 0.17% |
Ratio of Net Investment Income to | | | | | |
Average Net Assets | 4.49% | 4.99% | 4.78% | 4.61% | 4.56% |
Portfolio Turnover Rate | 19% | 23% | 24% | 22% | 15% |
1 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
| | | | | |
Admiral Shares | | | | | |
|
For a Share Outstanding | | | Year Ended October 31, |
Throughout Each Period | 2010 | 2009 | 2008 | 2007 | 2006 |
Net Asset Value, Beginning of Period | $10.26 | $9.29 | $10.62 | $10.91 | $10.71 |
Investment Operations | | | | | |
Net Investment Income | .479 | .491 | .501 | .505 | .499 |
Net Realized and Unrealized Gain (Loss) | | | | | |
on Investments | .410 | .970 | (1.330) | (.290) | .200 |
Total from Investment Operations | .889 | 1.461 | (.829) | .215 | .699 |
Distributions | | | | | |
Dividends from Net Investment Income | (.479) | (.491) | (.501) | (.505) | (.499) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.479) | (.491) | (.501) | (.505) | (.499) |
Net Asset Value, End of Period | $10.67 | $10.26 | $9.29 | $10.62 | $10.91 |
|
Total Return | 8.85% | 16.18% | –8.14% | 2.01% | 6.69% |
|
Ratios/Supplemental Data | | | | | |
Net Assets, End of Period (Millions) | $5,230 | $4,447 | $3,769 | $4,256 | $3,737 |
Ratio of Total Expenses to | | | | | |
Average Net Assets | 0.12% | 0.12% | 0.08% | 0.08% | 0.09% |
Ratio of Net Investment Income to | | | | | |
Average Net Assets | 4.57% | 5.07% | 4.85% | 4.68% | 4.64% |
Portfolio Turnover Rate | 19% | 23% | 24% | 22% | 15% |
See accompanying Notes, which are an integral part of the Financial Statements.
70
High-Yield Tax-Exempt Fund
Notes to Financial Statements
Vanguard High-Yield Tax-Exempt Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund invests in debt instruments of many municipal issuers; the issuers’ abilities to meet their obligations may be affected by economic and political developments in a specific state or region. The fund offers two classes of shares: Investor Shares and Admiral Shares. Investor Shares are available to any investor who meets the fund’s minimum purchase requirements. Admiral Shares are designed for investors who meet certain administrative, service, and account-size criteria.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. mutual funds. The fund consistently follows such policies in preparing its financial statements.
1. Security Valuation: Bonds, and temporary cash investments acquired over 60 days to maturity, are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Investments in Vanguard Municipal Cash Management Fund are valued at that fund’s net asset value. Other temporary cash investments are valued at amortized cost, which approximates market value. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value.
2. Futures Contracts: The fund uses futures contracts to invest in fixed income asset classes with greater efficiency and lower cost than is possible through direct investment, to add value when these instruments are attractively priced, or to adjust sensitivity to changes in interest rates. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid market.
Futures contracts are valued based upon their quoted daily settlement prices. The aggregate principal amounts of the contracts are not recorded in the Statement of Net Assets. Fluctuations in the value of the contracts are recorded in the Statement of Net Assets as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized futures gains (losses).
3. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (October 31, 2007–2010), and has concluded that no provision for federal income tax is required in the fund’s financial statements.
4. Distributions: Distributions from net investment income are declared daily and paid on the first business day of the following month. Annual distributions from realized capital gains, if any, are recorded on the ex-dividend date.
5. Other: Interest income includes income distributions received from Vanguard Municipal Cash Management Fund and is accrued daily. Premiums and discounts on debt securities purchased are amortized and accreted, respectively, to interest income over the lives of the respective securities. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. The Vanguard Group furnishes at cost investment advisory, corporate management, administrative, marketing, and distribution services. The costs of such services are allocated to the fund under methods approved by the board of trustees. The fund has committed to provide up to 0.40% of its net assets in capital contributions to Vanguard. At October 31, 2010, the fund had contributed capital of $1,272,000 to Vanguard (included in Other Assets), representing 0.02% of the fund’s net assets and 0.51% of Vanguard’s capitalization. The fund’s trustees and officers are also directors and officers of Vanguard.
71
High-Yield Tax-Exempt Fund
C. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments).
The following table summarizes the fund’s investments as of October 31, 2010, based on the inputs used to value them:
| | | |
| Level 1 | Level 2 | Level 3 |
Investments | ($000) | ($000) | ($000) |
Tax-Exempt Municipal Bonds | — | 7,007,771 | — |
Temporary Cash Investments | 36,005 | — | — |
Futures Contracts—Assets1 | 895 | — | — |
Futures Contracts—Liabilities1 | (469) | — | — |
Total | 36,431 | 7,007,771 | — |
1 Represents variation margin on the last day of the reporting period. | | | |
D. At October 31, 2010, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:
| | | | |
| | | | ($000) |
| | | Aggregate | |
| | Number of | Settlement | Unrealized |
| | Long (Short) | Value | Appreciation |
Futures Contracts | Expiration | Contracts | Long (Short) | (Depreciation) |
2-Year United States Treasury Note | December 2010 | 426 | 93,713 | 506 |
10-Year United States Treasury Note | December 2010 | 6 | 758 | 4 |
Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.
E. Capital gain distributions are determined on a tax basis and may differ from realized capital gains for financial reporting purposes. Differences may be permanent or temporary. Permanent differences are reclassified among capital accounts in the financial statements to reflect their tax character. Temporary differences arise when gains or losses are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future.
For tax purposes, at October 31, 2010, the fund had available capital loss carryforwards totaling $190,823,000 to offset future net capital gains of $49,222,000 through October 31, 2011, $21,859,000 through October 31, 2015, $20,927,000 through October 31, 2016, $96,270,000 through October 31, 2017, and $2,545,000 through October 31, 2018.
The fund had realized losses totaling $8,530,000 through October 31, 2010, which are deferred for tax purposes and reduce the amount of tax-basis unrealized appreciation on investment securities.
At October 31, 2010, the cost of investment securities for tax purposes was $6,800,736,000. Net unrealized appreciation of investment securities for tax purposes was $243,040,000, consisting of unrealized gains of $320,533,000 on securities that had risen in value since their purchase and $77,493,000 in unrealized losses on securities that had fallen in value since their purchase.
F. During the year ended October 31, 2010, the fund purchased $1,636,303,000 of investment securities and sold $1,190,250,000 of investment securities, other than temporary cash investments.
72
High-Yield Tax-Exempt Fund
G. Capital share transactions for each class of shares were:
| | | | | |
| | | Year Ended October 31, |
| | 2010 | | | 2009 |
| Amount | Shares | Amount | Shares |
| ($000) | (000) | ($000) | (000) |
Investor Shares | | | | |
Issued | 614,114 | 58,756 | 656,213 | 67,699 |
Issued in Lieu of Cash Distributions | 66,925 | 6,392 | 67,289 | 6,959 |
Redeemed | (788,681) | (75,234) | (663,620) | (68,908) |
Net Increase (Decrease)—Investor Shares | (107,642) | (10,086) | 59,882 | 5,750 |
Admiral Shares | | | | |
Issued | 1,419,487 | 135,477 | 1,260,296 | 130,375 |
Issued in Lieu of Cash Distributions | 147,277 | 14,061 | 137,642 | 14,218 |
Redeemed | (971,545) | (92,974) | (1,127,235) | (116,864) |
Net Increase (Decrease)—Admiral Shares | 595,219 | 56,564 | 270,703 | 27,729 |
H. In preparing the financial statements as of October 31, 2010, management considered the impact of subsequent events for potential recognition or disclosure in these financial statements.
73
Report of Independent Registered Public Accounting Firm
To the Trustees of Vanguard Municipal Bond Funds and the Shareholders of Vanguard Tax-Exempt Money Market Fund, Vanguard Short-Term Tax-Exempt Fund, Vanguard Limited-Term Tax-Exempt Fund, Vanguard Intermediate-Term Tax-Exempt Fund, Vanguard Long-Term Tax-Exempt Fund and Vanguard High-Yield Tax-Exempt Fund: In our opinion, the statement of net assets appearing herein and the accompanying statements of net assets appearing in the insert to this annual report and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Vanguard Tax-Exempt Money Market Fund, Vanguard Short-Term Tax-Exempt Fund, Vanguard Limited-Term Tax-Exempt Fund, Vanguard Intermediate-Term Tax-Exempt Fund, Vanguard Long-Term Tax-Exempt Fund and Vanguard High-Yield Tax-Exempt Fund (separate portfolios of Vanguard Municipal Bond Funds, hereafter referred to as the “Funds”) at October 31, 20 10, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period then ended and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as “financial statements”) are the responsibility of the Funds’ management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at October 31, 2010 by correspondence with the custodian and brokers and by agreement to the underlying ownership records of Vanguard Municipal Cash Management Fund, provide a reasonable basis for our opinion.
PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
December 9, 2010
|
Special 2010 tax information (unaudited) for Vanguard Municipal Bond Funds |
This information for the fiscal year ended October 31, 2010, is included pursuant to provisions of the Internal Revenue Code.
Each fund designates 100% of its income dividends as exempt-interest dividends.
74
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
• Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The “Ending Account Value” shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information in this table, together with the amount you invested, to estimate the expenses that you paid over the period.
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading “Expenses Paid During Period.”
• Based on hypothetical 5% yearly return. This section is intended to help you compare your fund’s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include the account service fee described in the prospectus. If such a fee were applied to your account, your costs would be higher. Your fund does not charge transaction fees, such as purchase or redemption fees, nor does it carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
75
| | | |
Six Months Ended October 31, 2010 | | | |
| Beginning | Ending | Expenses |
| Account Value | Account Value | Paid During |
Tax-Exempt Fund | 4/30/2010 | 10/31/2010 | Period1 |
Based on Actual Fund Return | | | |
Money Market | $1,000.00 | $1,000.73 | $0.86 |
Short-Term | | | |
Investor Shares | 1,000.00 | 1,008.45 | 1.01 |
Admiral Shares | 1,000.00 | 1,008.86 | 0.61 |
Limited-Term | | | |
Investor Shares | 1,000.00 | 1,020.83 | 1.02 |
Admiral Shares | 1,000.00 | 1,021.24 | 0.61 |
Intermediate-Term | | | |
Investor Shares | 1,000.00 | 1,036.80 | 1.03 |
Admiral Shares | 1,000.00 | 1,037.22 | 0.62 |
Long-Term | | | |
Investor Shares | 1,000.00 | 1,038.81 | 1.03 |
Admiral Shares | 1,000.00 | 1,039.23 | 0.62 |
High-Yield | | | |
Investor Shares | 1,000.00 | 1,043.91 | 1.03 |
Admiral Shares | 1,000.00 | 1,044.33 | 0.62 |
Based on Hypothetical 5% Yearly Return | | | |
Money Market | $1,000.00 | $1,024.35 | $0.87 |
Short-Term | | | |
Investor Shares | 1,000.00 | 1,024.20 | 1.02 |
Admiral Shares | 1,000.00 | 1,024.60 | 0.61 |
Limited-Term | | | |
Investor Shares | 1,000.00 | 1,024.20 | 1.02 |
Admiral Shares | 1,000.00 | 1,024.60 | 0.61 |
Intermediate-Term | | | |
Investor Shares | 1,000.00 | 1,024.20 | 1.02 |
Admiral Shares | 1,000.00 | 1,024.60 | 0.61 |
Long-Term | | | |
Investor Shares | 1,000.00 | 1,024.20 | 1.02 |
Admiral Shares | 1,000.00 | 1,024.60 | 0.61 |
High-Yield | | | |
Investor Shares | 1,000.00 | 1,024.20 | 1.02 |
Admiral Shares | 1,000.00 | 1,024.60 | 0.61 |
1 The calculations are based on expenses incurred in the most recent six-month period. The fund’s annualized six-month expense ratios for that period are: for the Tax-Exempt Money Market Fund, 0.17%; for the Short-Term Tax-Exempt Fund, 0.20% for Investor Shares and 0.12% for Admiral Shares; for the Limited-Term Tax-Exempt Fund, 0.20% for Investor Shares and 0.12% for Admiral Shares; for the Intermediate-Term Tax-Exempt fund, 0.20% for Investor Shares and 0.12% for Admiral Shares; for the Long-Term Tax-Exempt Fund, 0.20% for Investor Shares and 0.12% for Admiral Shares; and for the High-Yield Tax-Exempt Fund, 0.20% for Investor Shares and 0.12% for Admiral Shares. The dollar amount shown as “Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period.
76
Glossary
Average Coupon. The average interest rate paid on the fixed income securities held by a fund. It is expressed as a percentage of face value.
Average Duration. An estimate of how much the value of the bonds held by a fund will fluctuate in response to a change in interest rates. To see how the value could change, multiply the average duration by the change in rates. If interest rates rise by 1 percentage point, the value of the bonds in a fund with an average duration of five years would decline by about 5%. If rates decrease by a percentage point, the value would rise by 5%.
Average Effective Maturity. The average length of time until fixed income securities held by a fund reach maturity and are repaid, taking into consideration the possibility that the issuer may call the bond before its maturity date. The figure reflects the proportion of fund assets represented by each security; it also reflects any futures contracts held. In general, the longer the average effective maturity, the more a fund’s share price will fluctuate in response to changes in market interest rates.
Average Weighted Maturity. The average length of time until fixed income securities held by a fund reach maturity and are repaid. The figure reflects the proportion of fund assets represented by each security.
Beta. A measure of the magnitude of a fund’s past share-price fluctuations in relation to the ups and downs of a given market index. The index is assigned a beta of 1.00. Compared with a given index, a fund with a beta of 1.20 typically would have seen its share price rise or fall by 12% when the index rose or fell by 10%. For this report, beta is based on returns over the past 36 months for both the fund and the index. Note that a fund’s beta should be reviewed in conjunction with its R-squared (see definition). The lower the R-squared, the less correlation there is between the fund and the index, and the less reliable beta is as an indicator of volatility.
Credit Quality. The credit ratings assigned to fixed income securities are an indicator of risk. They represent a rating agency’s assessment of the issuer’s ability to meet its obligations. For the money market fund in this report, the Distribution by Credit Quality table was revised to include tier ratings for consistency with SEC Rule 2a-7 under the Investment Company Act of 1940, which governs money market funds. A First Tier security is a security that is eligible for money market funds and has received a short-term rating from the requisite nationally recognized statistical rating organizations in the highest short-term rating category for debt obligations. An unrated security is First Tier if it represents quality comparable to that of a rated security as determined in accordance with SEC Rule 2a-7. A Second Tier security is a security that is eligible for money market funds and is not a First Tier security. For the tax-exemp t bond funds in this report, credit-quality ratings for each issue are obtained from Moody’s Investors Service and Standard & Poor’s, and the higher rating for each issue is used.
Expense Ratio. The percentage of a fund’s average net assets used to pay its annual administrative and advisory expenses. These expenses directly reduce returns to investors.
Inception Date. The date on which the assets of a fund (or one of its share classes) are first invested in accordance with the fund’s investment objective. For funds with a subscription period, the inception date is the day after that period ends. Investment performance is measured from the inception date.
R-Squared. A measure of how much of a fund’s past returns can be explained by the returns from the market in general, as measured by a given index. If a fund’s total returns were precisely synchronized with an index’s returns, its R-squared would be 1.00. If the fund’s returns bore no relationship to the index’s returns, its R-squared would be 0. For this report, R-squared is based on returns over the past 36 months for both the fund and the index.
Short-Term Reserves. The percentage of a fund invested in highly liquid, short-term securities that can be readily converted to cash.
Yield. A money market fund’s 7-day SEC yield is calculated by annualizing its income distributions for the previous seven days, as required by the U.S. Securities and Exchange Commission. For other funds, 30-day SEC yield is derived using a formula specified by the commission. Under the formula, data related to the fund’s security holdings in the previous 30 days are used to calculate the fund’s hypothetical net income for that period, which is then annualized and divided by the fund’s estimated average net assets over the calculation period. For the purposes of this calculation, a security’s income is based on its current market yield to maturity (in the case of bonds) or its projected dividend yield (for stocks). Because the SEC yield represents hypothetical annualized income, it will differ—at times significantly—from the fund’s actual experience. As a result, the fund’s income distributions ma y be higher or lower than implied by the SEC yield.
Yield to Maturity. The rate of return an investor would receive if the fixed income securities held by a fund were held to their maturity dates.
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The People Who Govern Your Fund
The trustees of your mutual fund are there to see that the fund is operated and managed in your best interests since, as a shareholder, you are a part owner of the fund. Your fund’s trustees also serve on the board of directors of The Vanguard Group, Inc., which is owned by the Vanguard funds and provides services to them on an at-cost basis.
A majority of Vanguard’s board members are independent, meaning that they have no affiliation with Vanguard or the funds they oversee, apart from the sizable personal investments they have made as private individuals.
The independent board members have distinguished backgrounds in business, academia, and public service. Each of the trustees and executive officers oversees 178 Vanguard funds.
The following table provides information for each trustee and executive officer of the fund. More information about the trustees is in the Statement of Additional Information, which can be obtained, without charge, by contacting Vanguard at 800-662-7447, or online at vanguard.com.
| |
Interested Trustee1 | JoAnn Heffernan Heisen |
| Born 1950. Trustee Since July 1998. Principal |
F. William McNabb III | Occupation(s) During the Past Five Years: Corporate |
Born 1957. Trustee Since July 2009. Chairman of the | Vice President and Chief Global Diversity Officer since |
Board. Principal Occupation(s) During the Past Five | 2006 (retired 2008) and Member of the Executive |
Years: Chairman of the Board of The Vanguard Group, | Committee (retired 2008) of Johnson & Johnson |
Inc., and of each of the investment companies served | (pharmaceuticals/consumer products); Vice President |
by The Vanguard Group, since January 2010; Director | and Chief Information Officer of Johnson & Johnson |
of The Vanguard Group since 2008; Chief Executive | (1997–2005); Director of the University Medical |
Officer and President of The Vanguard Group and of | Center at Princeton and Women’s Research and |
each of the investment companies served by The | Education Institute; Member of the Advisory Board of |
Vanguard Group since 2008; Director of Vanguard | the Maxwell School of Citizenship and Public Affairs |
Marketing Corporation; Managing Director of The | at Syracuse University. |
Vanguard Group (1995–2008). | |
| F. Joseph Loughrey |
| Born 1949. Trustee Since October 2009. Principal |
Independent Trustees | Occupation(s) During the Past Five Years: President |
| and Chief Operating Officer since 2005 (retired 2009) |
Emerson U. Fullwood | and Vice Chairman of the Board (2008–2009) of |
Born 1948. Trustee Since January 2008. Principal | Cummins Inc. (industrial machinery); Director of |
Occupation(s) During the Past Five Years: Executive | SKF AB (industrial machinery), Hillenbrand, Inc. |
Chief Staff and Marketing Officer for North America | (specialized consumer services), Sauer-Danfoss Inc. |
and Corporate Vice President (retired 2008) of Xerox | (machinery), the Lumina Foundation for Education, |
Corporation (document management products and | and Oxfam America; Chairman of the Advisory |
services); Director of SPX Corporation (multi-industry | Council for the College of Arts and Letters at the |
manufacturing), the United Way of Rochester, | University of Notre Dame. |
Amerigroup Corporation (managed health care), | |
the University of Rochester Medical Center, and | André F. Perold |
Monroe Community College Foundation. | Born 1952. Trustee Since December 2004. Principal |
| Occupation(s) During the Past Five Years: George |
Rajiv L. Gupta | Gund Professor of Finance and Banking at the Harvard |
Born 1945. Trustee Since December 2001.2 | Business School; Chair of the Investment Committee |
Principal Occupation(s) During the Past Five Years: | of HighVista Strategies LLC (private investment firm). |
Chairman and Chief Executive Officer (retired 2009) | |
and President (2006–2008) of Rohm and Haas Co. | Alfred M. Rankin, Jr. |
(chemicals); Director of Tyco International, Ltd. | Born 1941. Trustee Since January 1993. Principal |
(diversified manufacturing and services) and Hewlett- | Occupation(s) During the Past Five Years: Chairman, |
Packard Co. (electronic computer manufacturing); | President, and Chief Executive Officer of NACCO |
Trustee of The Conference Board; Member of the | Industries, Inc. (forklift trucks/housewares/lignite); |
Board of Managers of Delphi Automotive LLP | Director of Goodrich Corporation (industrial products/ |
(automotive components). | aircraft systems and services); Chairman of the |
| Federal Reserve Bank of Cleveland; Trustee of The |
Amy Gutmann | Cleveland Museum of Art. |
Born 1949. Trustee Since June 2006. Principal | |
Occupation(s) During the Past Five Years: President | Peter F. Volanakis |
of the University of Pennsylvania; Christopher H. | Born 1955. Trustee Since July 2009. Principal |
Browne Distinguished Professor of Political Science | Occupation(s) During the Past Five Years: President |
in the School of Arts and Sciences with secondary | since 2007 and Chief Operating Officer since 2005 |
appointments at the Annenberg School for Commu- | of Corning Incorporated (communications equipment); |
nication and the Graduate School of Education of | President of Corning Technologies (2001–2005); |
the University of Pennsylvania; Director of Carnegie | Director of Corning Incorporated and Dow Corning; |
Corporation of New York, Schuylkill River | Trustee of the Corning Incorporated Foundation and |
Development Corporation, and Greater Philadelphia | the Corning Museum of Glass; Overseer of the |
Chamber of Commerce; Trustee of the National | Amos Tuck School of Business Administration at |
Constitution Center; Chair of the Presidential | Dartmouth College. |
Commission for the Study of Bioethical Issues. | |
| |
Executive Officers | |
|
Glenn Booraem | |
Born 1967. Controller Since July 2010. Principal |
Occupation(s) During the Past Five Years: Principal |
of The Vanguard Group, Inc.; Controller of each of |
the investment companies served by The Vanguard |
Group since 2010; Assistant Controller of each of |
the investment companies served by The Vanguard |
Group (2001–2010). | |
|
Thomas J. Higgins | |
Born 1957. Chief Financial Officer Since September |
2008. Principal Occupation(s) During the Past Five |
Years: Principal of The Vanguard Group, Inc.; Chief |
Financial Officer of each of the investment companies |
served by The Vanguard Group since 2008; Treasurer |
of each of the investment companies served by The |
Vanguard Group (1998–2008). |
|
Kathryn J. Hyatt | |
Born 1955. Treasurer Since November 2008. Principal |
Occupation(s) During the Past Five Years: Principal |
of The Vanguard Group, Inc.; Treasurer of each of |
the investment companies served by The Vanguard |
Group since 2008; Assistant Treasurer of each of the |
investment companies served by The Vanguard Group |
(1988–2008). | |
|
Heidi Stam | |
Born 1956. Secretary Since July 2005. Principal |
Occupation(s) During the Past Five Years: Managing |
Director of The Vanguard Group, Inc., since 2006; |
General Counsel of The Vanguard Group since 2005; |
Secretary of The Vanguard Group and of each of the |
investment companies served by The Vanguard Group |
since 2005; Director and Senior Vice President of |
Vanguard Marketing Corporation since 2005; |
Principal of The Vanguard Group (1997–2006). |
|
Vanguard Senior Management Team |
|
R. Gregory Barton | Michael S. Miller |
Mortimer J. Buckley | James M. Norris |
Kathleen C. Gubanich | Glenn W. Reed |
Paul A. Heller | George U. Sauter |
|
Chairman Emeritus and Senior Advisor |
|
John J. Brennan | |
Chairman, 1996–2009 | |
Chief Executive Officer and President, 1996–2008 |
|
Founder | |
|
John C. Bogle | |
Chairman and Chief Executive Officer, 1974–1996 |
1 Mr. McNabb is considered an “interested person,” as defined in the Investment Company Act of 1940, because he is an officer of the Vanguard funds.
2 December 2002 for Vanguard Equity Income Fund, Vanguard Growth Equity Fund, the Vanguard Municipal Bond Funds, and the Vanguard State Tax-Exempt Funds.
| ![](https://capedge.com/proxy/N-CSR/0000932471-11-000013/municipalbondfundsx84x1.jpg) |
| P.O. Box 2600 |
| Valley Forge, PA 19482-2600 |
Connect with Vanguard® > vanguard.com
| |
Fund Information > 800-662-7447 | All comparative mutual fund data are from Lipper Inc. |
Direct Investor Account Services > 800-662-2739 | or Morningstar, Inc., unless otherwise noted. |
Institutional Investor Services > 800-523-1036 | |
Text Telephone for People | You can obtain a free copy of Vanguard’s proxy voting |
With Hearing Impairment > 800-749-7273 | guidelines by visiting vanguard.com/proxyreporting or |
| by calling Vanguard at 800-662-2739. The guidelines |
| are also available from the SEC’s website, sec.gov. |
| In addition, you may obtain a free report on how your |
| fund voted the proxies for securities it owned during |
This material may be used in conjunction | the 12 months ended June 30. To get the report, visit |
with the offering of shares of any Vanguard | either vanguard.com/proxyreporting or sec.gov. |
fund only if preceded or accompanied by the | |
fund’s current prospectus. | You can review and copy information about your fund |
| at the SEC’s Public Reference Room in Washington, D.C. |
CFA® is a trademark owned by CFA Institute. | To find out more about this public service, call the SEC |
| at 202-551-8090. Information about your fund is also |
| available on the SEC’s website, and you can receive |
| copies of this information, for a fee, by sending a |
| request in either of two ways: via e-mail addressed to |
| publicinfo@sec.gov or via regular mail addressed to the |
| Public Reference Section, Securities and Exchange |
| Commission, Washington, DC 20549-1520. |
| |
| |
|
|
|
|
| © 2010 The Vanguard Group, Inc. |
| All rights reserved. |
| Vanguard Marketing Corporation, Distributor. |
| Q950 122010 |
| |
Vanguard® Municipal Bond Funds
Statement of Net Assets
As of October 31, 2010
The Statement of Net Assets should be read in conjunction with each fund’s Statement of Operations,
Statement of Changes in Net Assets, Financial Highlights, and Notes to Financial Statements, all of which appear in the accompanying report.
Each fund reports a complete list of its holdings in regulatory filings four times in each fiscal year, at the quarter-ends. For the second and fourth fiscal quarters, the lists appear in the fund’s semiannual and annual reports to shareholders. For the first and third fiscal quarters, the fund files the lists with the Securities and Exchange Commission on Form N-Q. Shareholders can look up the fund’s Forms N-Q on the SEC’s website at sec.gov. Forms N-Q may also be reviewed and copied at the SEC’s Public Reference Room (see the back cover of the accompanying report for further information).
| |
Contents | |
Short-Term Tax-Exempt Fund | 1 |
Limited-Term Tax-Exempt Fund | 21 |
Intermediate-Term Tax-Exempt Fund | 44 |
Long-Term Tax-Exempt Fund | 87 |
High-Yield Tax-Exempt Fund | 102 |
Key to Abbreviations | Back cover |
| | | | |
Short-Term Tax-Exempt Fund | | | | |
|
|
|
|
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Tax-Exempt Municipal Bonds (98.0%) | | | | |
Alabama (1.3%) | | | | |
Alabama Public School & College Auth. | 5.000% | 12/1/11 | 7,500 | 7,875 |
Alabama Public School & College Auth. | 5.000% | 5/1/12 | 3,500 | 3,733 |
Alabama Public School & College Auth. | 5.000% | 5/1/12 | 4,000 | 4,266 |
Alabama Public School & College Auth. | 5.000% | 12/1/12 | 21,510 | 23,453 |
Alabama Public School & College Auth. | 5.000% | 5/1/13 | 11,760 | 12,988 |
Alabama Public School & College Auth. | 5.000% | 5/1/13 | 7,500 | 8,283 |
Alabama Public School & College Auth. | 5.000% | 5/1/14 | 8,000 | 9,078 |
1 Alabama Public School & College Auth. TOB VRDO | 0.290% | 11/5/10 | 29,095 | 29,095 |
1 Alabama Public School & College Auth. TOB VRDO | 0.330% | 11/5/10 (4) | 12,360 | 12,360 |
1 Alabama Special Care Fac. Financing Auth. (Ascension Health) TOB VRDO | 0.280% | 11/5/10 | 6,780 | 6,780 |
Chatom AL Ind. Dev. Board Gulf Opportunity Zone PCR (Powersouth Energy Coop Project) PUT | 0.900% | 11/15/10 | 17,605 | 17,605 |
Chatom AL Ind. Dev. Board Gulf Opportunity Zone PCR (Powersouth Energy Coop Project) PUT | 1.050% | 12/1/10 | 8,600 | 8,600 |
Huntsville AL Capital Improvement GO | 5.000% | 9/1/11 | 1,265 | 1,314 |
Huntsville AL Health Care Auth. Rev. | 5.750% | 6/1/11 (Prere.) | 5,000 | 5,211 |
Mobile AL Infirmary Health System Special Care Fac. Financing Auth. Rev. | | | | |
(Infirmary Health System, Inc.) | 5.000% | 2/1/12 | 1,000 | 1,039 |
Mobile AL Infirmary Health System Special Care Fac. Financing Auth. Rev. | | | | |
(Infirmary Health System, Inc.) | 5.000% | 2/1/13 | 1,715 | 1,820 |
Mobile AL Infirmary Health System Special Care Fac. Financing Auth. Rev. | | | | |
(Infirmary Health System, Inc.) | 5.000% | 2/1/14 | 4,155 | 4,449 |
Mobile AL Infirmary Health System Special Care Fac. Financing Auth. Rev. | | | | |
(Infirmary Health System, Inc.) | 5.000% | 2/1/15 | 1,615 | 1,744 |
| | | | 159,693 |
Alaska (0.3%) | | | | |
Alaska Housing Finance Corp. Home Mortgage Rev. VRDO | 0.290% | 11/5/10 | 15,870 | 15,870 |
Alaska Industrial Dev. & Export Auth. Rev. | 5.000% | 4/1/12 | 1,800 | 1,908 |
Alaska Industrial Dev. & Export Auth. Rev. | 5.000% | 4/1/15 | 3,000 | 3,425 |
Anchorage AK GO | 5.500% | 7/1/12 (Prere.) | 5,680 | 6,160 |
North Slope Borough AK GO | 5.000% | 6/30/12 | 1,750 | 1,875 |
North Slope Borough AK GO | 5.000% | 6/30/13 | 1,500 | 1,663 |
| | | | 30,901 |
Arizona (1.1%) | | | | |
Arizona COP | 5.000% | 10/1/12 (4) | 1,000 | 1,077 |
Arizona Health Fac. Auth. Rev. (Banner Health) | 5.000% | 1/1/11 | 2,000 | 2,015 |
Arizona Health Fac. Auth. Rev. (Banner Health) | 5.000% | 1/1/12 | 3,000 | 3,125 |
1 Arizona Health Fac. Auth. Rev. (Banner Health) TOB VRDO | 0.360% | 11/5/10 | 8,840 | 8,840 |
Arizona Health Fac. Auth. Rev. (Catholic Healthcare West) VRDO | 0.260% | 11/5/10 LOC | 5,950 | 5,950 |
Arizona School Fac. Board Rev. COP | 5.000% | 9/1/11 | 23,870 | 24,691 |
Arizona School Fac. Board Rev. COP | 5.250% | 9/1/11 (4) | 5,730 | 5,953 |
Arizona School Fac. Board Rev. COP | 5.000% | 9/1/14 (14) | 5,975 | 6,674 |
Arizona Transp. Board Excise Tax Rev. (Maricopa County Regional Area) | 5.000% | 7/1/11 | 2,680 | 2,764 |
1
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Arizona Transp. Board Excise Tax Rev. (Maricopa County Regional Area) | 5.000% | 7/1/12 | 5,000 | 5,369 |
Arizona Transp. Board Excise Tax Rev. (Maricopa County Regional Area) | 5.000% | 7/1/13 | 5,000 | 5,553 |
Arizona Water Infrastructure Finance Auth. Rev. | 4.000% | 10/1/11 | 2,115 | 2,187 |
Arizona Water Infrastructure Finance Auth. Rev. | 5.000% | 10/1/13 | 1,105 | 1,243 |
Maricopa County AZ Regional Public Transp. Auth. Excise Tax Rev. | 4.000% | 7/1/12 | 4,985 | 5,267 |
1 Mesa AZ Util. System Rev. TOB VRDO | 0.290% | 11/5/10 (4) | 8,250 | 8,250 |
1 Mesa AZ Util. System Rev. TOB VRDO | 0.290% | 11/5/10 (4) | 7,500 | 7,500 |
1 Phoenix AZ Civic Improvement Corp. Airport Rev. TOB VRDO | 0.280% | 11/5/10 | 8,195 | 8,195 |
1 Phoenix AZ Civic Improvement Corp. Water System Rev. TOB VRDO | 0.280% | 11/5/10 | 4,500 | 4,500 |
Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. | 5.000% | 12/1/10 (14) | 6,050 | 6,075 |
Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. | 5.000% | 1/1/11 | 12,500 | 12,602 |
| | | | 127,830 |
Arkansas (0.1%) | | | | |
Pulaski County AR Health Fac. Board (St. Vincent Infirmary - Catholic Health Initiatives) VRDO | 0.250% | 11/5/10 | 10,800 | 10,800 |
|
California (9.1%) | | | | |
California Educ. Fac. Auth. Rev. (St. Mary’s College of California) VRDO | 0.290% | 11/5/10 LOC | 21,430 | 21,430 |
California GO | 5.000% | 3/1/13 | 2,500 | 2,720 |
California GO | 5.000% | 4/1/13 | 2,205 | 2,405 |
California GO | 5.000% | 6/1/13 | 2,025 | 2,220 |
California GO | 5.000% | 10/1/16 | 12,070 | 13,868 |
California GO VRDO | 0.290% | 11/5/10 LOC | 52,540 | 52,540 |
California Health Fac. Finance Auth. Rev. (Adventist Health System) | 5.000% | 3/1/11 | 1,500 | 1,517 |
California Health Fac. Finance Auth. Rev. (Sutter Health) | 5.000% | 8/15/11 | 5,000 | 5,150 |
1 California Health Fac. Finance Auth. Rev. TOB VRDO | 0.280% | 11/5/10 | 20,885 | 20,885 |
California Health Fac. Financing Auth. Rev. (Catholic Healthcare West) PUT | 5.000% | 7/2/12 | 15,000 | 15,803 |
California Health Fac. Financing Auth. Rev. (Catholic Healthcare West) PUT | 5.000% | 7/2/12 | 12,000 | 12,643 |
California Health Fac. Financing Auth. Rev. (Catholic Healthcare West) PUT | 5.000% | 7/1/14 | 17,670 | 19,912 |
California Health Fac. Financing Auth. Rev. (St. Joseph Health System) PUT | 5.000% | 10/16/14 | 15,000 | 16,702 |
California Health Fac. Financing Auth. Rev. (Stanford Hosp.) PUT | 3.450% | 6/15/11 | 5,000 | 5,095 |
California Infrastructure & Econ. Dev. Bank Rev. | 5.000% | 2/1/14 | 2,500 | 2,733 |
California Infrastructure & Econ. Dev. Bank Rev. (Independent System Operator) | 5.000% | 2/1/11 | 16,400 | 16,559 |
California Infrastructure & Econ. Dev. Bank Rev. (J. Paul Getty Trust) PUT | 2.500% | 4/1/13 | 20,000 | 20,699 |
California Muni. Financing Auth. COP (Community Hosp. of Central California) | 5.000% | 2/1/13 | 2,000 | 2,099 |
California Muni. Financing Auth. Rev. (Waste Management Incorporated Project) PUT | 1.625% | 9/1/11 | 4,000 | 3,999 |
California PCR Financing Auth. COP | 5.000% | 2/1/13 | 1,160 | 1,217 |
California Pollution Control Finance Auth. Environmental Improvement Rev. | | | | |
(BP West Coast Products) PUT | 2.600% | 9/2/14 | 4,000 | 4,060 |
California Public Works Board Lease Rev. | 5.000% | 11/1/14 | 4,000 | 4,373 |
California State Dept. of Water Resources Power Supply Rev. | 3.000% | 5/1/12 | 6,535 | 6,757 |
California State Dept. of Water Resources Power Supply Rev. | 4.000% | 5/1/12 | 2,000 | 2,098 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/12 | 21,980 | 23,384�� |
California State Dept. of Water Resources Power Supply Rev. | 6.000% | 5/1/12 (Prere.) | 35,000 | 38,308 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/14 | 15,000 | 16,861 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/15 | 13,750 | 15,777 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/16 | 11,500 | 13,347 |
California State Dept. of Water Resources Power Supply Rev. VRDO | 0.260% | 11/5/10 LOC | 23,885 | 23,885 |
California State Econ. Recovery Bonds | 5.250% | 7/1/13 | 2,500 | 2,789 |
California State Econ. Recovery Bonds | 5.250% | 7/1/13 (14)(ETM) | 975 | 1,094 |
California State Econ. Recovery Bonds | 5.250% | 7/1/13 (14) | 1,025 | 1,144 |
California State Econ. Recovery Bonds | 5.250% | 7/1/14 (14) | 10,700 | 12,186 |
California State Econ. Recovery Bonds PUT | 5.000% | 7/1/11 (Prere.) | 8,000 | 8,256 |
1 California State GO TOB VRDO | 0.320% | 11/5/10 (4) | 15,925 | 15,925 |
California Statewide Communities Dev. Auth. Rev. | 5.000% | 6/15/13 | 74,000 | 80,676 |
California Statewide Communities Dev. Auth. Rev. (Kaiser Permanente) | 5.000% | 4/1/13 | 5,000 | 5,426 |
California Statewide Communities Dev. Auth. Rev. (Kaiser Permanente) | 5.000% | 4/1/14 | 10,000 | 11,084 |
California Statewide Communities Dev. Auth. Rev. (Kaiser Permanente) PUT | 3.500% | 5/2/11 | 17,000 | 17,262 |
California Statewide Communities Dev. Auth. Rev. (Kaiser Permanente) PUT | 4.000% | 5/2/11 | 40,000 | 40,670 |
California Statewide Communities Dev. Auth. Rev. (Redlands Community Hosp.) VRDO | 0.250% | 11/5/10 LOC | 13,000 | 13,000 |
Central Valley CA Financing Auth. Cogeneration Project Rev. (Carson Ice) | 3.000% | 7/1/11 | 500 | 507 |
Central Valley CA Financing Auth. Cogeneration Project Rev. (Carson Ice) | 4.000% | 7/1/12 | 650 | 681 |
1 Desert CA Community College Dist. TOB VRDO | 0.280% | 11/5/10 (4) | 14,340 | 14,340 |
1 East Bay CA Muni. Util. Dist. Waste Water System Rev. TOB VRDO | 0.270% | 11/5/10 (4) | 10,475 | 10,475 |
1 East Side CA Union High School Dist. TOB VRDO | 1.770% | 11/5/10 | 23,940 | 23,940 |
Eastern California Muni. Water. Dist. Water & Sewer Rev. VRDO | 0.250% | 11/5/10 | 15,850 | 15,850 |
Fontana CA USD BAN | 4.000% | 12/1/12 | 20,000 | 21,169 |
Golden State Tobacco Securitization Corp. California | 5.500% | 6/1/13 (Prere.) | 44,510 | 49,962 |
Golden State Tobacco Securitization Corp. California | 5.500% | 6/1/13 (Prere.) | 11,350 | 12,740 |
Golden State Tobacco Securitization Corp. California | 5.625% | 6/1/13 (Prere.) | 5,000 | 5,628 |
Golden State Tobacco Securitization Corp. California | 6.250% | 6/1/13 (Prere.) | 18,285 | 20,251 |
Golden State Tobacco Securitization Corp. California | 6.625% | 6/1/13 (Prere.) | 3,000 | 3,454 |
Golden State Tobacco Securitization Corp. California | 6.750% | 6/1/13 (Prere.) | 19,490 | 22,501 |
2
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Kern County CA TRAN | 1.500% | 6/30/11 | 20,000 | 20,139 |
Los Angeles CA Dept. of Airports International Airport Rev. | 5.000% | 5/15/11 (14) | 13,255 | 13,600 |
Los Angeles CA Dept. of Water & Power Rev. VRDO | 0.260% | 11/5/10 | 22,400 | 22,400 |
Los Angeles CA USD GO | 5.000% | 7/1/11 | 13,325 | 13,723 |
Los Angeles County CA Metro. Transp. Auth. Sales Tax Rev. | 5.000% | 7/1/11 | 5,000 | 5,159 |
Los Angeles County CA Metro. Transp. Auth. Sales Tax Rev. | 5.000% | 7/1/12 | 5,500 | 5,914 |
Los Angeles County CA Metro. Transp. Auth. Sales Tax Rev. | 5.000% | 7/1/14 | 6,000 | 6,863 |
Los Angeles County CA TRAN | 2.000% | 6/30/11 | 25,000 | 25,250 |
Newport Beach CA Rev. (Hoag Memorial Hosp.) PUT | 4.000% | 2/8/11 | 8,000 | 8,072 |
Northern California Power Agency Rev. | 4.000% | 7/1/13 | 2,500 | 2,663 |
Northern California Power Agency Rev. | 4.000% | 7/1/14 | 1,000 | 1,075 |
Orange County CA Airport Rev. | 3.000% | 7/1/13 | 1,670 | 1,761 |
1 Rancho Santiago CA Community College Dist. TOB VRDO | 0.260% | 11/5/10 (4) | 3,955 | 3,955 |
Sacramento CA Cogeneration Auth. Rev. | 4.000% | 7/1/11 | 700 | 715 |
Sacramento CA Cogeneration Auth. Rev. | 5.000% | 7/1/12 | 500 | 534 |
Sacramento CA Cogeneration Auth. Rev. | 5.000% | 7/1/14 | 600 | 676 |
San Bernardino County CA Medical Center COP (Arrowhead Project) | 5.000% | 8/1/13 | 6,000 | 6,488 |
San Bernardino County CA Medical Center COP (Arrowhead Project) | 5.000% | 8/1/14 | 3,205 | 3,505 |
San Bernardino County CA Medical Center COP (Arrowhead Project) | 5.000% | 8/1/15 | 2,965 | 3,258 |
San Bernardino County CA Trans. Auth. Sales Tax RAN | 5.000% | 5/1/12 | 15,000 | 15,935 |
San Diego CA Public Fac. Financing Auth. Sewer Rev. | 5.000% | 5/15/14 | 6,000 | 6,799 |
San Francisco CA Bay Area Rapid Transit Rev. | 6.750% | 7/1/11 (2) | 7,455 | 7,773 |
San Francisco CA City & County International Airport Rev. | 5.000% | 5/1/15 (4) | 5,000 | 5,699 |
San Francisco CA City & County International Airport Rev. | 5.000% | 5/1/15 | 4,435 | 5,074 |
San Francisco CA City & County International Airport Rev. | 5.000% | 5/1/16 | 21,100 | 24,420 |
San Francisco CA City & County International Airport Rev. PUT | 2.250% | 12/4/12 | 29,755 | 30,263 |
San Joaquin County CA Transp. Auth. Rev. Notes | 5.000% | 4/1/11 | 10,000 | 10,196 |
Southern California Public Power Auth. Rev. (Transmission Project) VRDO | 0.280% | 11/5/10 (4) | 20,000 | 20,000 |
1 Sunnyvale CA Wastewater Rev. TOB VRDO | 0.290% | 11/5/10 | 8,880 | 8,880 |
1 Sunnyvale CA Water Rev. TOB VRDO | 0.290% | 11/5/10 | 8,435 | 8,435 |
Tuolumne CA Wind Project Auth. Rev. | 4.000% | 1/1/13 | 2,375 | 2,517 |
| | | | 1,091,797 |
Colorado (2.4%) | | | | |
Broomfield Colorado City & County COP | 5.000% | 12/1/15 | 5,790 | 6,613 |
Colorado Dept. of Transp. RAN | 5.250% | 6/15/11 | 10,000 | 10,311 |
Colorado Dept. of Transp. Rev. RAN | 5.250% | 6/15/12 (14) | 21,350 | 22,994 |
Colorado Health Fac. Auth. Rev. | 5.000% | 1/1/13 | 1,605 | 1,724 |
Colorado Health Fac. Auth. Rev. | 5.000% | 1/1/13 | 5,165 | 5,546 |
Colorado Health Fac. Auth. Rev. | 5.000% | 1/1/14 | 3,510 | 3,856 |
Colorado Health Fac. Auth. Rev. | 5.000% | 1/1/14 | 8,615 | 9,464 |
Colorado Health Fac. Auth. Rev. | 5.000% | 1/1/15 | 1,945 | 2,165 |
Colorado Health Fac. Auth. Rev. | 5.000% | 1/1/15 | 3,500 | 3,896 |
Colorado Health Fac. Auth. Rev. (Adventist Health) VRDO | 0.280% | 11/5/10 LOC | 15,000 | 15,000 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) | 5.000% | 7/1/13 | 4,000 | 4,381 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) PUT | 3.950% | 11/10/10 | 15,000 | 15,000 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) PUT | 5.000% | 11/12/13 | 12,000 | 13,264 |
1 Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) TOB VRDO | 0.330% | 11/5/10 (4) | 10,000 | 10,000 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) VRDO | 0.250% | 11/5/10 | 51,600 | 51,600 |
Colorado Health Fac. Auth. Rev. (Sisters of Charity Health System Inc.) VRDO | 0.250% | 11/5/10 | 21,500 | 21,500 |
Colorado Health Fac. Auth. Rev. (Sisters of Charity Health System Inc.) VRDO | 0.250% | 11/5/10 | 37,300 | 37,300 |
Colorado Health Fac. Auth. Rev. PUT | 5.250% | 11/12/13 (Prere.) | 1,010 | 1,147 |
Colorado Health Fac. Auth. Rev. PUT | 5.250% | 11/12/13 | 6,990 | 7,778 |
Denver CO City & County Airport Rev. | 6.000% | 11/15/13 (14) | 5,000 | 5,695 |
Denver CO City & County GO (Better Denver Theatre & Zoo) | 4.000% | 8/1/11 | 1,000 | 1,028 |
E-470 Public Highway Auth. Colorado Rev. PUT | 5.000% | 9/1/11 (1) | 15,000 | 15,338 |
1 Jefferson County CO School Dist. GO TOB VRDO | 0.280% | 11/5/10 (4) | 13,660 | 13,660 |
Regional Transp. Dist. of Colorado Sales Tax Rev. | 3.000% | 11/1/11 | 1,230 | 1,263 |
Regional Transp. Dist. of Colorado Sales Tax Rev. | 5.000% | 11/1/13 | 4,305 | 4,850 |
Regional Transp. Dist. of Colorado Sales Tax Rev. | 5.000% | 11/1/14 | 5,000 | 5,768 |
| | | | 291,141 |
Connecticut (0.5%) | | | | |
Connecticut GO | 5.000% | 11/1/10 | 3,000 | 3,001 |
Connecticut GO | 5.375% | 11/15/12 (Prere.) | 7,985 | 8,773 |
Connecticut Revolving Fund | 5.000% | 2/1/11 | 4,130 | 4,180 |
Connecticut Revolving Fund | 5.000% | 2/1/12 | 4,000 | 4,231 |
Connecticut State Health & Educ. Fac. Auth. (Stamford Hosp.) | 4.000% | 7/1/12 | 1,235 | 1,283 |
Connecticut State Health & Educ. Fac. Auth. (Stamford Hosp.) | 5.000% | 7/1/13 | 1,915 | 2,067 |
Connecticut State Health & Educ. Fac. Auth. (Stamford Hosp.) | 5.000% | 7/1/14 | 2,050 | 2,243 |
Connecticut State Health & Educ. Fac. Auth. Rev. (Yale Univ.) PUT | 4.000% | 2/7/13 | 6,625 | 7,119 |
Connecticut State Health & Educ. Fac. Auth. Rev. (Yale Univ.) PUT | 5.000% | 2/12/15 | 20,810 | 24,062 |
| | | | 56,959 |
3
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Delaware (0.3%) | | | | |
Delaware GO | 5.000% | 10/1/12 | 9,445 | 10,268 |
Delaware Transp. Auth. Transp. System Rev. | 5.000% | 7/1/11 | 1,500 | 1,548 |
Kent County DE Student Housing Rev. (Deleware State Univ. Student Housing) VRDO | 0.270% | 11/5/10 LOC | 8,110 | 8,110 |
New Castle County DE GO | 4.000% | 7/15/11 | 3,025 | 3,105 |
Univ. of Delaware Rev. PUT | 2.000% | 6/1/11 | 15,000 | 15,094 |
| | | | 38,125 |
District of Columbia (1.0%) | | | | |
1 District of Columbia GO TOB VRDO | 0.290% | 11/5/10 (4) | 20,385 | 20,385 |
1 District of Columbia Income Tax Rev. TOB VRDO | 0.280% | 11/5/10 | 9,995 | 9,995 |
District of Columbia Rev. (Council Foreign Relations) VRDO | 0.290% | 11/5/10 LOC | 4,500 | 4,500 |
District of Columbia Rev. (Georgetown Day School) VRDO | 0.650% | 11/5/10 LOC | 14,700 | 14,700 |
District of Columbia Rev. (Georgetown Univ.) | 5.000% | 4/1/13 | 5,000 | 5,416 |
District of Columbia Rev. (Georgetown Univ.) | 5.000% | 4/1/14 | 2,000 | 2,213 |
1 District of Columbia Rev. (Georgetown Univ.) TOB VRDO | 0.280% | 11/5/10 (13) | 17,175 | 17,175 |
District of Columbia Rev. (Howard Univ.) VRDO | 0.320% | 11/5/10 LOC | 14,100 | 14,100 |
District of Columbia Rev. (World Wildlife Fund) VRDO | 0.260% | 11/5/10 LOC | 11,000 | 11,000 |
District of Columbia Rev. VRDO | 0.280% | 11/5/10 LOC | 14,275 | 14,275 |
Washington DC Metro. Area Transit Auth. Rev. | 5.000% | 7/1/11 | 2,000 | 2,061 |
| | | | 115,820 |
Florida (8.1%) | | | | |
Alachua County FL Health Fac. Auth. Rev. (Shands Healthcare Project) | 3.000% | 12/1/11 | 3,000 | 3,037 |
Alachua County FL Health Fac. Auth. Rev. (Shands Healthcare Project) | 5.000% | 12/1/13 | 4,200 | 4,507 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.000% | 6/1/11 | 27,665 | 28,349 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.500% | 6/1/14 | 20,000 | 21,656 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.000% | 6/1/15 | 30,000 | 32,227 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.000% | 6/1/16 | 16,000 | 17,154 |
Clay County FL Sales Surtax Rev. | 5.000% | 10/1/11 (12) | 3,500 | 3,600 |
1 Collier County FL School Board COP TOB VRDO | 0.300% | 11/5/10 (4)LOC | 21,425 | 21,425 |
1 Duval County FL School Board COP TOB VRDO | 0.290% | 11/5/10 (4) | 11,405 | 11,405 |
Escambia County FL Solid Waste Disposal System Rev. (Gulf Power Company Project) PUT | 2.000% | 4/3/12 | 5,000 | 5,035 |
Escambia County FL Solid Waste Disposal System Rev. (Gulf Power Company Project) PUT | 1.750% | 6/15/12 | 5,500 | 5,524 |
Florida Board of Educ. Public Educ. Capital Outlay | 3.000% | 6/1/11 | 8,925 | 9,057 |
Florida Board of Educ. Public Educ. Capital Outlay | 4.000% | 6/1/11 | 3,525 | 3,598 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/11 | 3,830 | 3,932 |
Florida Board of Educ. Public Educ. Capital Outlay | 4.000% | 6/1/12 | 1,945 | 2,048 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/12 | 16,195 | 17,304 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/12 | 4,020 | 4,295 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/13 | 9,580 | 10,591 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/13 | 8,820 | 9,751 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/14 | 5,065 | 5,746 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/14 | 9,235 | 10,477 |
1 Florida Board of Educ. Public Educ. TOB VRDO | 0.280% | 11/5/10 | 5,430 | 5,430 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/11 | 6,980 | 7,195 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/15 | 11,750 | 13,536 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/16 | 11,655 | 13,575 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/11 | 5,280 | 5,434 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/12 | 5,545 | 5,930 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.250% | 7/1/12 | 31,580 | 33,904 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/13 | 34,040 | 37,621 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/13 (14) | 5,220 | 5,411 |
Florida Dept. of Management Services COP | 5.000% | 8/1/11 | 1,350 | 1,394 |
Florida Dept. of Management Services COP | 5.000% | 8/1/12 | 8,850 | 9,482 |
Florida Dept. of Management Services COP | 5.000% | 8/1/13 | 6,595 | 7,261 |
Florida Dept. of Transp. | 5.000% | 7/1/12 | 6,940 | 7,452 |
Florida Dept. of Transp. | 5.000% | 7/1/13 | 9,605 | 10,677 |
Florida Higher Educ. Fac. Finance Auth. Rev. (Ringling College) VRDO | 0.650% | 11/5/10 LOC | 24,620 | 24,620 |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.000% | 7/1/13 | 10,000 | 10,679 |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.000% | 7/1/15 | 20,000 | 21,964 |
Florida Rural Util. Financing Comm. Rev. | 3.500% | 11/1/11 | 3,950 | 3,976 |
Florida Turnpike Auth. Rev. | 5.000% | 7/1/13 | 3,825 | 4,247 |
Florida Turnpike Auth. Rev. | 5.000% | 7/1/13 (4) | 4,780 | 5,307 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/13 | 1,000 | 1,106 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/14 | 2,000 | 2,256 |
1 Highlands County FL Health Rev. (Adventist Health System) TOB VRDO | 0.290% | 11/5/10 | 15,730 | 15,730 |
Highlands County FL Health Rev. (Adventist Health System) VRDO | 0.280% | 11/5/10 LOC | 15,000 | 15,000 |
Hillsborough County FL Aviation Auth. Rev. (Tampa International Airport) | 5.250% | 10/1/11 (14) | 5,560 | 5,799 |
Hillsborough County FL Aviation Auth. Rev. (Tampa International Airport) | 5.500% | 10/1/11 (4) | 4,610 | 4,810 |
Hillsborough County FL Aviation Auth. Rev. (Tampa International Airport) | 5.000% | 10/1/12 | 2,000 | 2,157 |
Hillsborough County FL Aviation Auth. Rev. (Tampa International Airport) | 5.500% | 10/1/12 (4) | 5,670 | 6,150 |
Hillsborough County FL Aviation Auth. Rev. (Tampa International Airport) | 5.000% | 10/1/13 | 2,000 | 2,221 |
4
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Hillsborough County FL Aviation Auth. Rev. (Tampa International Airport) | 5.500% | 10/1/13 (4) | 3,000 | 3,365 |
Hillsborough County FL Aviation Auth. Rev. (Tampa International Airport) | 5.500% | 10/1/15 (4) | 2,000 | 2,327 |
Hillsborough County FL IDA Rev. (Tampa Electric Co. Project) PUT | 5.000% | 3/15/12 (2) | 4,500 | 4,691 |
Hillsborough County FL School Board COP | 5.000% | 7/1/14 | 2,110 | 2,356 |
Hillsborough County FL School Board COP | 5.000% | 7/1/15 | 1,170 | 1,317 |
Jacksonville FL Electric Auth. Electric System Rev. | 5.000% | 10/1/11 | 12,000 | 12,453 |
Jacksonville FL Electric Auth. Electric System Rev. | 5.000% | 10/1/12 | 12,000 | 12,908 |
Jacksonville FL Electric Auth. Electric System Rev. | 5.000% | 10/1/14 | 4,000 | 4,521 |
Jacksonville FL Electric Auth. Electric System Rev. VRDO | 0.250% | 11/5/10 | 36,700 | 36,700 |
Jacksonville FL Electric Auth. Electric System Rev. VRDO | 0.250% | 11/5/10 | 27,605 | 27,605 |
Jacksonville FL Electric Auth. Electric System Rev. VRDO | 0.280% | 11/5/10 | 17,545 | 17,545 |
Jacksonville FL Electric Auth. Water & Sewer Rev. VRDO | 0.250% | 11/5/10 | 10,300 | 10,300 |
Jacksonville FL Electric Auth. Water & Sewer Rev. VRDO | 0.290% | 11/5/10 | 22,065 | 22,065 |
Jacksonville FL Excise Taxes Rev. | 4.000% | 10/1/12 | 1,000 | 1,059 |
Jacksonville FL Excise Taxes Rev. | 5.000% | 10/1/14 | 1,000 | 1,133 |
Kissimmee FL Util. Auth. Electric System Rev. | 5.250% | 10/1/14 (4) | 1,750 | 1,995 |
Lake County FL School Board COP | 5.250% | 6/1/14 (2) | 2,945 | 3,231 |
1 Miami-Dade County FL Building Better Communities TOB VRDO | 0.280% | 11/5/10 | 9,995 | 9,995 |
1 Miami-Dade County FL Educ. Fac. Auth. Rev. (Univ. of Miami) TOB VRDO | 0.300% | 11/5/10 (12) | 5,070 | 5,070 |
Miami-Dade County FL Health Fac. Auth. Hosp. Rev. PUT | 4.125% | 8/1/11 (1) | 5,000 | 5,087 |
Miami-Dade County FL Health Fac. Auth. Rev. (Miami Childrens Hosp.) VRDO | 0.270% | 11/5/10 LOC | 11,650 | 11,650 |
Miami-Dade County FL Health Fac. Auth. Rev. (Miami Childrens Hosp.) VRDO | 0.270% | 11/5/10 LOC | 18,950 | 18,950 |
Miami-Dade County FL IDA Solid Solid Waste Disposal Rev. (Waste Management Inc.) PUT | 1.800% | 11/1/11 | 2,500 | 2,500 |
Miami-Dade County FL School Board COP | 5.000% | 8/1/12 (2) | 4,000 | 4,236 |
1 Miami-Dade County FL Transit Sales Surtax Rev. TOB VRDO | 0.330% | 11/5/10 (4) | 32,570 | 32,570 |
Ocala FL Water & Sewer Rev. | 5.750% | 10/1/11 (Prere.) | 13,605 | 14,427 |
Orange County FL Health Fac. Auth. Rev. (Nemours Foundation Project) | 4.000% | 1/1/13 | 335 | 353 |
Orange County FL Health Fac. Auth. Rev. (Nemours Foundation Project) | 4.000% | 1/1/14 | 500 | 536 |
Orange County FL Health Fac. Auth. Rev. (Nemours Foundation Project) | 4.000% | 1/1/15 | 500 | 541 |
Orange County FL Health Fac. Rev. (Orlando Health Inc.) | 5.000% | 10/1/14 | 2,000 | 2,180 |
1 Orange County FL School Board COP TOB VRDO | 0.270% | 11/5/10 LOC | 26,090 | 26,090 |
Orange County FL Tourist Dev. Rev. | 5.000% | 10/1/11 | 6,990 | 7,257 |
Orange County FL Tourist Dev. Rev. | 5.000% | 10/1/12 | 7,335 | 7,891 |
Orange County FL Tourist Dev. Rev. | 5.000% | 10/1/13 | 7,705 | 8,506 |
Orange County FL Tourist Dev. Rev. | 5.000% | 10/1/14 | 8,710 | 9,817 |
Orlando & Orange County FL Expressway Auth. | 5.000% | 7/1/11 (2) | 7,000 | 7,191 |
Orlando & Orange County FL Expressway Auth. | 5.000% | 7/1/12 (2) | 5,000 | 5,326 |
Orlando FL Util. Comm. Util. System Rev. | 5.000% | 10/1/11 | 1,500 | 1,563 |
Orlando FL Util. Comm. Util. System Rev. | 5.000% | 10/1/12 | 1,750 | 1,897 |
Orlando FL Util. Comm. Util. System Rev. | 5.000% | 10/1/13 | 2,500 | 2,803 |
Orlando FL Util. Comm. Util. System Rev. | 5.000% | 10/1/13 | 2,500 | 2,803 |
Orlando FL Util. Comm. Util. System Rev. | 5.000% | 10/1/14 | 4,000 | 4,596 |
Orlando FL Util. Comm. Util. System Rev. | 5.000% | 10/1/14 | 3,075 | 3,533 |
Port St. Lucie FL Util. Rev. | 5.125% | 9/1/11 (14)(Prere.) | 1,000 | 1,039 |
Sarasota County FL Public Hosp. Rev. (Sarasota Memorial Hosp.) VRDO | 0.280% | 11/5/10 LOC | 7,900 | 7,900 |
South Broward FL Hosp. Dist. Rev. | 5.625% | 5/1/12 (Prere.) | 4,640 | 5,038 |
1 South Florida Water Management Dist. TOB VRDO | 0.280% | 11/5/10 | 21,000 | 21,000 |
South Miami FL Health Fac. Auth. Hosp. Rev. (Baptist Health South Florida Obligated Group) | 5.000% | 8/15/11 | 4,000 | 4,123 |
South Miami FL Health Fac. Auth. Hosp. Rev. (Baptist Health South Florida Obligated Group) | 5.250% | 2/1/13 (Prere.) | 7,755 | 8,545 |
South Miami FL Health Fac. Auth. Hosp. Rev. (Baptist Health South Florida Obligated Group) | 5.750% | 2/1/13 (Prere.) | 5,000 | 5,565 |
1 South Miami FL Health Fac. Auth. Hosp. Rev. (Baptist Health South Florida Obligated Group) | | | | |
TOB VRDO | 0.290% | 11/5/10 | 6,000 | 6,000 |
Tallahassee FL Energy System Rev. | 5.250% | 10/1/15 (4) | 5,240 | 6,065 |
Univ. of South Florida Financing Corp. VRDO | 0.270% | 11/5/10 LOC | 19,600 | 19,600 |
| | | | 968,856 |
Georgia (3.0%) | | | | |
1 Atlanta GA Airport Fac. Rev. TOB VRDO | 0.380% | 11/5/10 (4) | 11,170 | 11,170 |
Atlanta GA Water & Wastewater Rev. | 4.000% | 11/1/11 | 2,500 | 2,574 |
Atlanta GA Water & Wastewater Rev. | 4.000% | 11/1/12 | 3,000 | 3,166 |
Atlanta GA Water & Wastewater Rev. | 5.000% | 11/1/13 | 3,500 | 3,852 |
Atlanta GA Water & Wastewater Rev. VRDO | 0.270% | 11/5/10 LOC | 16,000 | 16,000 |
Burke County GA Dev. Auth. PCR (Georgia Power Co. Plant Vogtle) PUT | 4.950% | 4/1/11 | 15,000 | 15,249 |
Burke County GA Dev. Auth. PCR (Georgia Power Co. Plant Vogtle) PUT | 3.750% | 1/12/12 | 19,880 | 20,472 |
Burke County GA Dev. Auth. PCR (Georgia Power Co. Plant Vogtle) PUT | 3.750% | 1/12/12 | 5,000 | 5,149 |
Burke County GA Dev. Auth. PCR (Georgia Power Co. Plant Vogtle) PUT | 3.750% | 1/12/12 | 1,000 | 1,030 |
Burke County GA Dev. Auth. PCR (Georgia Power Co. Plant Vogtle) PUT | 5.050% | 1/12/12 | 1,000 | 1,045 |
Burke County GA Dev. Auth. PCR (Oglethorpe Power Corp.) PUT | 4.750% | 4/1/11 (14) | 7,500 | 7,618 |
Cobb County GA Kennestone Hosp. Auth. Rev. | 4.000% | 4/1/12 | 2,240 | 2,323 |
Dalton County GA Dev. Auth. (Hamilton Health Care System) VRDO | 0.290% | 11/5/10 LOC | 5,470 | 5,470 |
DeKalb County GA School Dist. GO | 5.000% | 2/1/12 | 30,000 | 31,723 |
Fulton County GA Dev. Auth. (Shepherd Center) VRDO | 0.280% | 11/5/10 LOC | 37,600 | 37,600 |
Georgia GO | 5.000% | 12/1/10 (ETM) | 1,635 | 1,642 |
5
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Georgia GO | 5.000% | 12/1/10 | 8,350 | 8,385 |
Georgia GO | 5.000% | 3/1/11 (ETM) | 430 | 437 |
Georgia GO | 5.000% | 3/1/11 | 1,320 | 1,341 |
Georgia GO | 4.000% | 5/1/11 | 2,865 | 2,919 |
Georgia GO | 5.500% | 7/1/11 | 16,160 | 16,728 |
Georgia GO | 5.700% | 7/1/11 | 12,430 | 12,884 |
Georgia GO | 6.250% | 8/1/11 | 5,195 | 5,427 |
Georgia GO | 5.000% | 5/1/12 (Prere.) | 5,125 | 5,479 |
Georgia GO | 5.000% | 9/1/14 | 4,000 | 4,616 |
Georgia Road & Tollway Auth. Rev. | 4.000% | 6/1/11 | 2,530 | 2,583 |
Georgia Road & Tollway Auth. Rev. | 5.000% | 6/1/13 | 13,875 | 15,362 |
Gwinnett County GA Water & Sewer Auth Rev. | 4.000% | 8/1/12 | 10,020 | 10,644 |
Henry County GA GO | 5.000% | 7/1/11 | 5,790 | 5,973 |
Macon-Bibb County GA Hosp. Auth. (Medical Center of Central Georgia) VRDO | 0.280% | 11/5/10 LOC | 25,110 | 25,110 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/11 | 5,000 | 5,064 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/13 | 7,500 | 7,915 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/13 | 6,000 | 6,345 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/15 | 13,000 | 13,889 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/15 | 6,500 | 7,030 |
Monroe County GA Dev. Auth. PCR (Georgia Power Co. Plant Scherer) PUT | 0.800% | 1/7/11 | 11,000 | 10,996 |
Monroe County GA Dev. Auth. PCR (Georgia Power Co. Plant Scherer) PUT | 2.125% | 6/4/13 | 5,000 | 5,034 |
Muni. Electric Auth. Georgia Rev. (Project One) | 5.000% | 1/1/12 | 4,010 | 4,201 |
Private Colleges & Univ. Auth. of Georgia Rev. (Emory Univ.) | 5.000% | 9/1/11 | 5,000 | 5,196 |
Private Colleges & Univ. Auth. of Georgia Rev. (Emory Univ.) | 5.250% | 9/1/11 | 7,250 | 7,549 |
Richmond County GA Hosp. Auth. (Univ. of Health Services) | 5.000% | 1/1/13 | 1,330 | 1,420 |
Whitfield County GA School District GO | 5.000% | 4/1/11 | 3,250 | 3,314 |
| | | | 361,924 |
Hawaii (0.2%) | | | | |
Honolulu HI City & County GO | 5.250% | 7/1/12 (14) | 4,950 | 5,345 |
1 Honolulu HI City & County Wastewater System Rev. TOB VRDO | 0.380% | 11/5/10 (4) | 4,995 | 4,995 |
State of Hawaii | 5.000% | 6/1/14 (ETM) | 1,045 | 1,196 |
State of Hawaii | 5.000% | 6/1/14 | 1,195 | 1,363 |
State of Hawaii | 5.000% | 2/1/15 | 3,600 | 4,163 |
State of Hawaii | 5.000% | 2/1/16 | 4,000 | 4,693 |
| | | | 21,755 |
Idaho (0.1%) | | | | |
Idaho Housing & Finance Assn. RAN | 5.000% | 7/15/11 | 7,410 | 7,647 |
Idaho Housing & Finance Assn. RAN | 5.000% | 7/15/12 | 6,675 | 7,158 |
| | | | 14,805 |
Illinois (5.7%) | | | | |
Chicago IL Board of Educ. (Westinghouse High School Project) | 5.000% | 12/1/10 (14)(ETM) | 2,775 | 2,787 |
2 Chicago IL Board of Educ. GO | 5.000% | 12/1/15 | 2,000 | 2,280 |
2 Chicago IL Board of Educ. GO | 5.000% | 12/1/16 | 2,855 | 3,264 |
1 Chicago IL Board of Educ. GO TOB VRDO | 0.330% | 11/5/10 (4) | 6,520 | 6,520 |
Chicago IL Board of Educ. Lease Rev. | 6.250% | 1/1/11 (14) | 3,000 | 3,028 |
Chicago IL GO | 5.000% | 1/1/15 (4) | 1,250 | 1,413 |
Chicago IL GO | 6.250% | 1/1/15 (2) | 2,500 | 2,937 |
1 Chicago IL GO TOB VRDO | 0.270% | 11/5/10 (4) | 10,145 | 10,145 |
1 Chicago IL GO TOB VRDO | 0.280% | 11/5/10 | 9,995 | 9,995 |
Chicago IL Metro. Water Reclamation Dist. GO | 5.250% | 12/1/10 (ETM) | 10,000 | 10,044 |
Chicago IL Midway Airport Rev. PUT | 5.000% | 1/1/15 | 10,750 | 11,849 |
Chicago IL O’Hare International Airport Rev. | 5.000% | 1/1/12 (14) | 4,400 | 4,598 |
1 Chicago IL O’Hare International Airport Rev. TOB VRDO | 0.300% | 11/5/10 (4) | 13,225 | 13,225 |
1 Chicago IL O’Hare International Airport Rev. TOB VRDO | 0.300% | 11/5/10 (12)�� | 8,280 | 8,280 |
1 Chicago IL O’Hare International Airport Rev. TOB VRDO | 0.300% | 11/5/10 (4) | 7,000 | 7,000 |
Chicago IL Park Dist. GO | 5.000% | 1/1/11 | 2,765 | 2,786 |
Chicago IL Park Dist. GO | 5.000% | 1/1/11 | 3,205 | 3,229 |
1 Chicago IL Water Rev. TOB VRDO | 0.330% | 11/5/10 (4) | 7,495 | 7,495 |
1 Chicago IL Water Rev. TOB VRDO | 0.330% | 11/5/10 (4) | 7,745 | 7,745 |
Du Page & Cook Counties IL Community Consolidated School Dist. GO | 5.250% | 12/1/12 (Prere.) | 3,750 | 4,119 |
Illinois Educ. Fac. Auth. Rev. (Univ. of Chicago) PUT | 1.125% | 2/14/13 | 8,000 | 8,027 |
Illinois Educ. Fac. Auth. Rev. (Univ. of Chicago) PUT | 3.375% | 2/3/14 | 5,000 | 5,319 |
Illinois Educ. Fac. Auth. Student Housing Rev. | 6.250% | 5/1/12 (Prere.) | 4,000 | 4,387 |
Illinois Finance Auth. Gas Supply Rev. (Peoples Gas Light & Coke) PUT | 2.625% | 8/1/15 | 2,500 | 2,489 |
Illinois Finance Auth. PCR (Commonwealth Edison Co.) VRDO | 0.250% | 11/5/10 LOC | 36,700 | 36,700 |
Illinois Finance Auth. Rev. (Advocate Health Care) PUT | 3.875% | 5/1/12 | 5,000 | 5,116 |
Illinois Finance Auth. Rev. (Ingalls Health System Obligated Group) VRDO | 0.280% | 11/5/10 LOC | 24,620 | 24,620 |
Illinois Finance Auth. Rev. (Little Co. Mary Hosp.) VRDO | 0.260% | 11/5/10 LOC | 11,200 | 11,200 |
Illinois Finance Auth. Rev. (Loyola Univ. Health) VRDO | 0.260% | 11/5/10 LOC | 44,250 | 44,250 |
Illinois Finance Auth. Rev. (Museum Science & Industry) VRDO | 0.280% | 11/5/10 LOC | 16,000 | 16,000 |
Illinois Finance Auth. Rev. (Northwest Community Hosp.) VRDO | 0.270% | 11/5/10 LOC | 3,290 | 3,290 |
6
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Illinois Finance Auth. Rev. (Northwestern Community Hosp.) | 5.000% | 8/15/11 | 2,445 | 2,515 |
Illinois Finance Auth. Rev. (Northwestern Community Hosp.) | 5.000% | 8/15/12 | 4,630 | 4,924 |
Illinois Finance Auth. Rev. (Northwestern Community Hosp.) | 5.000% | 8/15/13 | 3,250 | 3,538 |
Illinois Finance Auth. Rev. (OSF Healthcare System) VRDO | 0.300% | 11/5/10 (4) | 30,510 | 30,510 |
Illinois Finance Auth. Rev. (Presbyterian Homes) VRDO | 0.390% | 11/5/10 (4) | 7,800 | 7,800 |
Illinois Finance Auth. Rev. (Provena Health) | 5.000% | 5/1/12 | 1,840 | 1,904 |
Illinois Finance Auth. Rev. (Provena Health) | 5.000% | 5/1/14 | 1,305 | 1,370 |
Illinois Finance Auth. Rev. (Provena Health) | 5.250% | 5/1/15 | 2,555 | 2,714 |
Illinois Finance Auth. Rev. (Resurrection Health Care) | 5.000% | 5/15/11 (4) | 3,490 | 3,550 |
Illinois Finance Auth. Rev. (Resurrection Health Care) | 5.000% | 5/15/11 (4) | 4,000 | 4,069 |
Illinois Finance Auth. Rev. (Resurrection Health Care) | 5.000% | 5/15/12 (4) | 4,200 | 4,392 |
Illinois Finance Auth. Rev. (Univ. of Chicago Medical Center) | 5.000% | 8/15/15 | 1,500 | 1,713 |
Illinois Finance Auth. Rev. (Univ. of Chicago) VRDO | 0.240% | 11/5/10 | 5,499 | 5,499 |
Illinois Finance Auth. Solid Waste Rev. (Waste Management Incorporated Project) PUT | 1.450% | 10/3/11 | 1,750 | 1,750 |
Illinois GO | 5.000% | 3/1/11 | 8,350 | 8,455 |
Illinois GO | 5.000% | 6/1/11 | 9,600 | 9,808 |
Illinois GO | 5.000% | 1/1/16 | 25,000 | 27,453 |
Illinois GO TAN | 3.000% | 5/20/11 | 36,100 | 36,397 |
1 Illinois GO TOB VRDO | 0.880% | 11/5/10 | 3,750 | 3,750 |
1 Illinois GO TOB VRDO | 1.270% | 11/5/10 | 29,915 | 29,915 |
Illinois Health Fac. Auth. Rev. (Advocate Health Care Network) PUT | 4.375% | 7/1/14 | 4,805 | 5,078 |
Illinois Health Fac. Auth. Rev. (Evanston Hosp. Corp.) VRDO | 0.250% | 11/5/10 | 30,100 | 30,100 |
Illinois Regional Transp. Auth. Rev. PUT | 1.350% | 6/3/11 | 33,200 | 33,200 |
Illinois State Build Rev. | 5.000% | 6/15/16 | 10,000 | 11,484 |
1 Illinois State Toll Highway Auth. Toll Highway Rev. TOB VRDO | 0.280% | 11/5/10 | 5,335 | 5,335 |
1 Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. TOB VRDO | 0.290% | 11/5/10 | 20,550 | 20,550 |
1 Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. TOB VRDO | 0.290% | 11/5/10 | 58,275 | 58,275 |
Univ. of Illinois (Util. Infrastructure Project) COP VRDO | 0.280% | 11/5/10 | 39,490 | 39,490 |
| | | | 679,675 |
Indiana (1.8%) | | | | |
Indiana Bond Bank Rev. | 5.375% | 4/1/12 (2)(Prere.) | 2,500 | 2,677 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) | 5.000% | 11/1/11 | 1,000 | 1,038 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) | 5.000% | 11/1/12 | 1,700 | 1,815 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) | 5.000% | 11/1/14 | 1,415 | 1,585 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) VRDO | 0.280% | 11/5/10 LOC | 34,200 | 34,200 |
Indiana Finance Auth. Rev. | 5.000% | 7/1/11 | 1,270 | 1,306 |
Indiana Finance Auth. Rev. | 5.000% | 7/1/11 | 2,305 | 2,371 |
Indiana Finance Auth. Rev. | 5.000% | 7/1/12 | 1,495 | 1,598 |
Indiana Finance Auth. Rev. | 5.000% | 7/1/12 | 3,415 | 3,649 |
Indiana Finance Auth. Rev. | 5.000% | 11/1/12 | 12,130 | 13,115 |
Indiana Finance Auth. Rev. (Ascension Health) PUT | 1.250% | 5/16/12 | 24,325 | 24,430 |
Indiana Health Fac. Auth. Finance Auth. Rev. (Ascension Health Credit Group) PUT | 3.750% | 2/1/12 | 10,000 | 10,380 |
Indiana Health Fac. Auth. Finance Auth. Rev. (Ascension Health Credit Group) PUT | 5.000% | 6/1/15 | 14,825 | 16,863 |
Indiana Health Fac. Auth. Finance Auth. Rev. (Ascension Health Credit Group) PUT | 5.000% | 7/28/16 | 2,700 | 3,089 |
1 Indiana Muni. Power Agency Rev. TOB VRDO | 0.290% | 11/5/10 (13) | 10,090 | 10,090 |
1 Indiana Transp. Finance Auth. Highway Rev. TOB VRDO | 0.270% | 11/5/10 | 18,110 | 18,110 |
Indianapolis IN Gas Util. Rev. | 5.000% | 6/1/11 | 4,225 | 4,324 |
Indianapolis IN Gas Util. Rev. | 5.000% | 6/1/12 | 8,870 | 9,409 |
Purdue Univ. Indiana Univ. Rev. | 5.000% | 7/1/11 | 1,000 | 1,032 |
Purdue Univ. Indiana Univ. Rev. | 5.000% | 7/1/13 | 1,000 | 1,114 |
Purdue Univ. Indiana Univ. Rev. | 4.000% | 7/1/14 | 2,085 | 2,309 |
St. Joseph County IN Educ. Fac. Rev. (Univ. of Notre Dame) PUT | 3.875% | 3/1/12 | 12,500 | 12,913 |
1 Wayne Township IN School Building Corp. Marion County TOB VRDO | 0.270% | 11/5/10 LOC | 5,025 | 5,025 |
Whiting IN Environmental Fac. Rev. (BP Products) PUT | 2.800% | 6/2/14 | 35,000 | 35,658 |
| | | | 218,100 |
Iowa (0.3%) | | | | |
Iowa Finance Auth. Health Care Fac. Rev. (Genesis Health System) | 4.000% | 7/1/12 | 1,860 | 1,931 |
Iowa Finance Auth. Health Fac. Rev. (Great River Medical Center Project) VRDO | 0.310% | 11/1/10 LOC | 5,200 | 5,200 |
Iowa Finance Auth. Health Fac. Rev. (Iowa Health System) | 5.000% | 2/15/12 (12) | 1,540 | 1,615 |
Iowa Finance Auth. Health Fac. Rev. (Iowa Health System) | 5.000% | 2/15/13 (12) | 3,265 | 3,530 |
Iowa Finance Auth. Health Fac. Rev. (Iowa Health System) PUT | 5.000% | 8/15/12 | 5,500 | 5,874 |
Iowa Higher Educ. Loan Auth. Rev. Private College Fac. (Grinnell College Project) | 2.100% | 12/1/11 (ETM) | 8,000 | 8,138 |
Iowa Higher Educ. Loan Auth. Rev. Private College Fac. (Grinnell College Project) | 4.000% | 12/1/11 | 1,000 | 1,040 |
Iowa Higher Educ. Loan Auth. Rev. Private College Fac. (Grinnell College Project) | 5.000% | 12/1/12 | 1,700 | 1,857 |
Iowa Higher Educ. Loan Auth. Rev. Private College Fac. (Grinnell College Project) | 5.000% | 12/1/15 | 1,400 | 1,645 |
| | | | 30,830 |
Kansas (0.7%) | | | | |
Kansas Dept. of Transp. Highway Rev. | 5.000% | 9/1/11 | 1,755 | 1,824 |
Kansas Dept. of Transp. Highway Rev. VRDO | 0.260% | 11/5/10 | 26,550 | 26,550 |
Kansas Dept. of Transp. Highway Rev. VRDO | 0.260% | 11/5/10 | 30,000 | 30,000 |
Kansas Dev. Finance Auth. Hosp. Rev. (Advantist Health) | 4.000% | 11/15/13 | 1,000 | 1,081 |
7
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Kansas Dev. Finance Auth. Hosp. Rev. (Advantist Health) | 4.500% | 11/15/14 | 2,500 | 2,789 |
Kansas Dev. Finance Auth. Rev. | 5.000% | 1/1/14 | 5,150 | 5,658 |
Newton KS Hosp. Rev. (Newton Healthcare Corp.) VRDO | 0.500% | 11/5/10 LOC | 4,905 | 4,905 |
Wichita KS Hosp. Fac. Refunding and Improvement Rev. (Via Christi Health System, Inc.) | 3.000% | 11/15/11 | 500 | 509 |
Wichita KS Hosp. Fac. Refunding and Improvement Rev. (Via Christi Health System, Inc.) | 4.500% | 11/15/12 | 1,000 | 1,060 |
Wichita KS Hosp. Fac. Refunding and Improvement Rev. (Via Christi Health System, Inc.) | 5.000% | 11/15/13 | 2,000 | 2,184 |
Wichita KS Hosp. Fac. Refunding and Improvement Rev. (Via Christi Health System, Inc.) | 5.000% | 11/15/14 | 2,000 | 2,216 |
Wichita KS Hosp. Fac. Rev. (Via Christi Health System, Inc.) | 5.000% | 11/15/14 | 2,060 | 2,285 |
| | | | 81,061 |
Kentucky (0.6%) | | | | |
Kentucky Econ. Dev. Finance Auth. Medical Center Rev. (King’s Daughters) | 2.000% | 2/1/11 | 1,000 | 1,002 |
Kentucky Econ. Dev. Finance Auth. Medical Center Rev. (King’s Daughters) | 3.000% | 2/1/12 | 1,000 | 1,016 |
Kentucky Econ. Dev. Finance Auth. Rev. (Catholic Health) PUT | 3.500% | 11/10/10 | 5,000 | 5,005 |
Kentucky Property & Building Comm. Rev. | 5.000% | 11/1/10 (ETM) | 15,230 | 15,234 |
2 Kentucky Property & Building Comm. Rev. | 5.000% | 11/1/15 | 4,000 | 4,625 |
Kentucky Rural Water Finance Corp. Rev. Public Project Construction RAN | 1.250% | 1/1/11 | 17,000 | 17,014 |
Kentucky Turnpike Auth. Econ. Dev. Road Rev. | 5.000% | 7/1/12 | 4,335 | 4,654 |
Kentucky Turnpike Auth. Econ. Dev. Road Rev. | 5.000% | 7/1/13 | 3,730 | 4,142 |
Louisville & Jefferson County KY Metro. Govt. Pollution Rev. PUT | 5.375% | 12/1/11 | 10,000 | 10,286 |
1 Louisville & Jefferson County KY Metro. Sewer Dist. TOB VRDO | 0.290% | 11/5/10 (13) | 6,640 | 6,640 |
| | | | 69,618 |
Louisiana (0.8%) | | | | |
Louisiana Fac. Corp. Lease Rev. (Capitol Complex Project) | 5.000% | 3/1/14 | 2,900 | 3,201 |
Louisiana Gasoline and Fuel Tax Rev. PUT | 1.030% | 6/1/13 | 25,100 | 25,136 |
Louisiana GO VRDO | 0.250% | 11/5/10 LOC | 6,505 | 6,505 |
Louisiana Local Govt. Environment Fac. Community Dev. Auth. Rev. | 4.000% | 10/1/12 | 2,000 | 2,110 |
Louisiana Offshore Terminal Auth. Deep Water Port Rev. (LOOP LLC Project) PUT | 1.600% | 10/1/12 | 4,000 | 4,000 |
Louisiana Offshore Terminal Auth. Deep Water Port Rev. (LOOP LLC Project) PUT | 1.875% | 10/1/13 | 5,000 | 4,989 |
Louisiana Offshore Terminal Auth. Deep Water Port Rev. (LOOP LLC Project) PUT | 2.100% | 10/1/14 | 3,500 | 3,486 |
1 Louisiana Public Fac. Auth. Hosp. Rev. (Franciscan Missionaries) TOB VRDO | 0.380% | 11/5/10 (4) | 3,330 | 3,330 |
Louisiana Public Fac. Auth. Rev. (Christus Health) | 5.000% | 7/1/12 (4) | 6,000 | 6,328 |
Louisiana Public Fac. Auth. Rev. (Christus Health) | 5.000% | 7/1/13 (4) | 6,000 | 6,473 |
Louisiana Public Fac. Auth. Rev. (Christus Health) | 5.000% | 7/1/14 (4) | 9,785 | 10,667 |
Louisiana Public Fac. Auth. Rev. (Entergy Gulf States Project) | 2.875% | 11/1/15 | 1,750 | 1,757 |
1 Louisiana State Gas & Fuels Tax Rev TOB VRDO | 0.290% | 11/5/10 (4) | 5,885 | 5,885 |
Orleans Parish LA GO | 3.000% | 9/1/11 (4) | 8,000 | 8,142 |
Orleans Parish LA GO | 4.000% | 9/1/12 (4) | 1,500 | 1,581 |
Orleans Parish LA GO | 4.000% | 9/1/13 (4) | 2,500 | 2,693 |
| | | | 96,283 |
Maine (0.5%) | | | | |
Falmouth ME BAN | 3.000% | 2/15/11 | 28,000 | 28,211 |
Maine Health & Higher Educ. Fac. Auth. Rev. (Bowdoin College) VRDO | 0.280% | 11/5/10 LOC | 18,700 | 18,700 |
1 Maine Housing Auth. Mortgage Rev. TOB VRDO | 0.280% | 11/5/10 | 7,995 | 7,995 |
1 Maine State Turnpike Auth. Turnpike Rev. TOB VRDO | 0.330% | 11/5/10 | 10,010 | 10,010 |
| | | | 64,916 |
Maryland (0.7%) | | | | |
Maryland GO | 5.000% | 2/1/11 | 15,000 | 15,182 |
Maryland GO | 5.000% | 3/1/11 | 14,375 | 14,606 |
Maryland GO | 5.250% | 3/1/12 | 3,000 | 3,195 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Johns Hopkins Health System) PUT | 5.000% | 11/15/11 | 5,000 | 5,231 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 4.000% | 7/1/11 | 750 | 764 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 5.000% | 7/1/12 | 1,000 | 1,062 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 6.000% | 7/1/12 (Prere.) | 6,500 | 7,087 |
Maryland Transp. Auth. Rev. | 5.000% | 3/1/11 | 22,380 | 22,744 |
Maryland Transp. Auth. Rev. | 5.000% | 3/1/14 | 7,480 | 8,507 |
| | | | 78,378 |
Massachusetts (3.2%) | | | | |
1 Massachusetts Bay Transp. Auth. Rev. TOB VRDO | 0.380% | 11/5/10 | 5,295 | 5,295 |
Massachusetts Dept. of Transp. Metro Highway System Rev. | 5.000% | 1/1/13 | 8,000 | 8,689 |
Massachusetts Dept. of Transp. Metro Highway System Rev. VRDO | 0.240% | 11/5/10 | 37,000 | 37,000 |
Massachusetts Dev. Finance Agency Rev. (Boston Univ.) | 2.875% | 10/1/14 | 5,000 | 5,261 |
Massachusetts Dev. Finance Agency Rev. (Boston Univ.) | 2.875% | 10/1/14 | 2,500 | 2,630 |
Massachusetts GO | 0.520% | 11/5/10 | 18,000 | 18,003 |
Massachusetts GO | 0.660% | 11/5/10 | 20,630 | 20,646 |
Massachusetts GO | 0.810% | 11/5/10 | 7,500 | 7,510 |
Massachusetts GO | 5.500% | 1/1/11 | 8,560 | 8,637 |
Massachusetts GO | 5.250% | 11/1/11 (Prere.) | 10,000 | 10,480 |
Massachusetts GO | 5.250% | 11/1/11 (Prere.) | 15,000 | 15,720 |
Massachusetts GO | 6.000% | 11/1/11 | 10,810 | 11,418 |
Massachusetts GO | 5.000% | 1/1/15 | 4,000 | 4,622 |
1 Massachusetts GO TOB VRDO | 0.380% | 11/5/10 LOC | 28,940 | 28,940 |
8
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Massachusetts Health & Educ. Fac. Auth. Rev. (Amherst College) PUT | 2.750% | 1/5/12 | 4,000 | 4,099 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Bentley College) VRDO | 0.240% | 11/5/10 LOC | 27,300 | 27,300 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Caregroup) | 5.000% | 7/1/12 | 3,000 | 3,148 |
1 Massachusetts Health & Educ. Fac. Auth. Rev. (Harvard Univ.) TOB VRDO | 0.280% | 11/5/10 | 7,500 | 7,500 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) | 4.000% | 10/1/12 | 5,000 | 5,264 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) | 5.000% | 10/1/12 | 2,500 | 2,680 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) PUT | 4.125% | 2/16/12 | 6,000 | 6,197 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) PUT | 4.100% | 4/19/12 | 13,000 | 13,512 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Partners Healthcare System) VRDO | 0.240% | 11/5/10 | 13,385 | 13,385 |
1 Massachusetts Water Resources Auth. Rev. TOB VRDO | 0.280% | 11/5/10 (4) | 3,920 | 3,920 |
1 Massachusetts Water Resources Auth. Rev. TOB VRDO | 0.380% | 11/5/10 LOC | 20,820 | 20,820 |
1 Massachusetts Water Resources Auth. Rev. TOB VRDO | 0.380% | 11/5/10 (4)LOC | 19,875 | 19,875 |
1 Massachusetts Water Resources Auth. Rev. TOB VRDO | 0.380% | 11/5/10 LOC | 30,090 | 30,090 |
Massachusetts Water Resources Auth. Rev. VRDO | 0.290% | 11/5/10 | 40,090 | 40,090 |
Route 3 North Transp. Improvement Assn. Massachusetts Lease Rev. | 5.750% | 6/15/11 (14) | 3,415 | 3,429 |
| | | | 386,160 |
Michigan (2.4%) | | | | |
Detroit MI GO | 5.000% | 4/1/11 (12) | 8,465 | 8,543 |
Detroit MI GO | 5.000% | 4/1/12 (12) | 8,860 | 9,108 |
Detroit MI Sewer System Rev. | 5.000% | 7/1/13 (Prere.) | 14,935 | 16,649 |
Detroit MI Sewer System Rev. PUT | 5.500% | 1/1/12 (14) | 3,325 | 3,421 |
Macomb County MI Rev. | 5.875% | 11/15/13 (Prere.) | 9,590 | 11,054 |
Michigan (New Center Dev. Inc.) COP PUT | 5.000% | 9/1/11 (14) | 6,250 | 6,378 |
Michigan Building Auth. Rev. | 5.500% | 10/15/16 | 1,935 | 2,013 |
Michigan Finance Auth. State Aid RAN | 2.000% | 8/19/11 | 7,500 | 7,573 |
Michigan GO | 5.000% | 5/1/11 | 5,000 | 5,119 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) | 5.000% | 11/15/15 | 3,000 | 3,441 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) PUT | 5.000% | 4/1/11 | 5,935 | 6,039 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) PUT | 3.750% | 3/15/12 | 10,000 | 10,407 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) PUT | 1.500% | 6/1/12 | 16,000 | 16,064 |
Michigan Hosp. Finance Auth. Rev. (Henry Ford Health System) | 4.000% | 11/15/13 | 1,000 | 1,040 |
Michigan Hosp. Finance Auth. Rev. (Henry Ford Health System) | 4.000% | 11/15/14 | 1,500 | 1,566 |
Michigan Hosp. Finance Auth. Rev. (Henry Ford Health System) VRDO | 0.250% | 11/5/10 LOC | 41,225 | 41,225 |
Michigan Hosp. Finance Auth. Rev. (McClaren Health) VRDO | 0.250% | 11/5/10 LOC | 23,910 | 23,910 |
Michigan Hosp. Finance Auth. Rev. (Trinity Health) | 4.000% | 12/1/13 | 1,000 | 1,072 |
Michigan Muni. Bond Auth. Rev. (Clean Water Revolving Fund) | 3.550% | 10/1/11 | 3,000 | 3,089 |
Michigan Muni. Bond Auth. Rev. (Clean Water Revolving Fund) | 5.000% | 10/1/12 | 1,910 | 2,068 |
Michigan Muni. Bond Auth. Rev. (Clean Water Revolving Fund) | 5.000% | 10/1/12 | 3,065 | 3,319 |
Michigan Muni. Bond Auth. Rev. (Clean Water Revolving Fund) | 5.000% | 10/1/15 | 1,835 | 2,139 |
Michigan Muni. Bond Auth. Rev. (Clean Water Revolving Fund) | 5.000% | 10/1/15 | 3,185 | 3,713 |
Michigan State Univ. Board of Trustees VRDO | 0.270% | 11/5/10 | 33,305 | 33,305 |
Michigan Strategic Fund (Detroit Edison) PUT | 3.050% | 12/3/12 | 9,000 | 9,212 |
Michigan Strategic Fund (Evangelical Homes) VRDO | 0.280% | 11/5/10 LOC | 7,705 | 7,705 |
Michigan Trunk Line Rev. | 5.000% | 11/1/10 (14) | 3,540 | 3,541 |
Oakland County MI Econ. Dev. Corp. (Cranbrook Educ. Community Project) VRDO | 0.270% | 11/5/10 LOC | 3,475 | 3,475 |
Royal Oak Hosp. Finance Auth. MI (Beaumont Hosp.) | 5.000% | 8/1/15 | 2,500 | 2,690 |
Saginaw MI Hosp. Fin. Auth. Hosp. Rev. (Covenant Medical Center Inc.) | 4.000% | 7/1/11 | 1,675 | 1,696 |
Saginaw MI Hosp. Fin. Auth. Hosp. Rev. (Covenant Medical Center Inc.) | 4.000% | 7/1/12 | 2,150 | 2,213 |
Saginaw MI Hosp. Fin. Auth. Hosp. Rev. (Covenant Medical Center Inc.) | 5.000% | 7/1/13 | 2,250 | 2,393 |
Saginaw MI Hosp. Fin. Auth. Hosp. Rev. (Covenant Medical Center Inc.) | 5.000% | 7/1/14 | 2,310 | 2,484 |
Saginaw MI Hosp. Fin. Auth. Hosp. Rev. (Covenant Medical Center Inc.) | 5.000% | 7/1/15 | 2,215 | 2,388 |
1 Saginaw Valley State Univ. MI TOB VRDO | 0.330% | 11/5/10 (4) | 5,000 | 5,000 |
Univ. of Michigan Univ. Rev. | 4.000% | 4/1/15 | 9,600 | 10,761 |
Wayne MI Univ. of Michigan Univ. Rev. | 5.000% | 11/15/12 | 1,500 | 1,625 |
Wayne MI Univ. of Michigan Univ. Rev. | 5.000% | 11/15/13 | 1,540 | 1,720 |
1 Western Michigan Univ. GO TOB VRDO | 0.300% | 11/5/10 (4) | 4,995 | 4,995 |
| | | | 284,153 |
Minnesota (0.9%) | | | | |
Minnesota GO | 5.000% | 11/1/10 | 10,000 | 10,003 |
Minnesota GO | 3.000% | 12/1/10 | 5,535 | 5,548 |
Minnesota GO | 4.000% | 8/1/11 | 19,990 | 20,549 |
Minnesota GO | 4.000% | 12/1/11 | 11,725 | 12,193 |
Minnesota GO | 4.000% | 8/1/12 | 17,810 | 18,912 |
2 Minnesota Public Fac. Auth. Rev. (State Revolving Fund) | 5.000% | 3/1/15 | 11,180 | 12,990 |
2 Minnesota Public Fac. Auth. Rev. (State Revolving Fund) | 5.000% | 3/1/16 | 11,535 | 13,625 |
St. Cloud MN Health Care Rev. (Centracare Health System) | 5.000% | 5/1/12 | 1,000 | 1,052 |
St. Cloud MN Health Care Rev. (Centracare Health System) | 5.000% | 5/1/13 | 1,000 | 1,077 |
St. Cloud MN Health Care Rev. (Centracare Health System) | 5.000% | 5/1/14 | 1,000 | 1,095 |
St. Louis Park MN Health Care Fac. Rev. (Park Nicollet Health Services) | 5.500% | 7/1/11 | 2,000 | 2,050 |
St. Louis Park MN Health Care Fac. Rev. (Park Nicollet Health Services) | 5.500% | 7/1/12 | 5,000 | 5,296 |
| | | | 104,390 |
9
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Mississippi (0.4%) | | | | |
Jackson State Univ. MS Educ. Building Corp. PUT | 5.000% | 3/1/11 (Prere.) | 4,745 | 4,820 |
Medical Center Educ. Building Corp. Mississippi Rev. | 4.000% | 6/1/12 | 1,250 | 1,311 |
Medical Center Educ. Building Corp. Mississippi Rev. | 4.000% | 6/1/14 | 1,000 | 1,088 |
Mississippi Business Finance Corp Gulf Opportunity Zone IDR (Chevron USA Inc. Project) VRDO | 0.240% | 11/5/10 | 18,400 | 18,400 |
Mississippi Business Finance Corp. Solid Waste Disposal Rev. (Waste Management Inc.) PUT | 1.800% | 11/1/10 | 8,200 | 8,200 |
Mississippi Business Finance Corp. Solid Waste Disposal Rev. (Waste Management Inc.) PUT | 1.750% | 9/1/11 | 1,600 | 1,600 |
Mississippi GO (Nissan Project) VRDO | 0.280% | 11/5/10 | 14,315 | 14,315 |
| | | | 49,734 |
Missouri (2.1%) | | | | |
Kansas City MO IDA Rev. (Downtown Redevelopment) VRDO | 0.280% | 11/5/10 LOC | 8,900 | 8,900 |
Kansas City MO IDA Rev. (Downtown Redevelopment) VRDO | 0.280% | 11/5/10 LOC | 11,935 | 11,935 |
Kansas City MO Special Obligation VRDO | 0.280% | 11/5/10 LOC | 28,825 | 28,825 |
Kansas City MO Water Rev. | 4.000% | 12/1/10 | 3,750 | 3,762 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (SSM Health System) VRDO | 0.250% | 11/5/10 | 37,080 | 37,080 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (SSM Health System) VRDO | 0.260% | 11/5/10 LOC | 12,500 | 12,500 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (SSM Health System) VRDO | 0.270% | 11/5/10 LOC | 5,000 | 5,000 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (SSM Health System) VRDO | 0.290% | 11/5/10 LOC | 5,675 | 5,675 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (St. Luke’s Health System) VRDO | 0.290% | 11/5/10 LOC | 17,325 | 17,325 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (St. Luke’s Health System) VRDO | 0.290% | 11/5/10 LOC | 14,250 | 14,250 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (St. Luke’s Health System) VRDO | 0.290% | 11/5/10 LOC | 33,500 | 33,500 |
Missouri Health & Educ. Fac. Auth. Rev. (Ascension Health) PUT | 1.250% | 5/16/12 | 15,950 | 16,073 |
Missouri Health & Educ. Fac. Auth. Rev. (Ascension Health) PUT | 1.250% | 5/16/12 | 29,100 | 29,298 |
1 Missouri Health & Educ. Fac. Auth. TOB VRDO | 0.280% | 11/1/10 | 8,910 | 8,910 |
2 Missouri Highways & Transp. Comm. Road Rev. | 3.000% | 2/1/13 | 15,500 | 16,349 |
| | | | 249,382 |
Montana (0.1%) | | | | |
Montana Fac. Finance Auth. Rev. | 5.000% | 1/1/13 | 3,035 | 3,278 |
Montana Fac. Finance Auth. Rev. | 5.000% | 1/1/14 | 6,135 | 6,818 |
| | | | 10,096 |
Nebraska (0.3%) | | | | |
Central Plains Energy Project Nebraska Gas Project Rev. (Project No. 2) VRDO | 0.280% | 11/5/10 | 9,955 | 9,955 |
Lancaster County NE School Dist. No. 1 (Lincoln Public Schools) | 4.000% | 1/15/11 | 1,405 | 1,416 |
1 Nebraska Public Power Dist. Rev. TOB VRDO | 0.290% | 11/5/10 (13) | 5,665 | 5,665 |
1 Omaha NE Public Power District Seperate Electric Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 18,310 | 18,310 |
| | | | 35,346 |
Nevada (2.0%) | | | | |
Clark County NV Airport Improvement Rev. | 5.250% | 7/1/11 (Prere.) | 4,245 | 4,387 |
Clark County NV Airport Rev. BAN | 5.000% | 7/1/12 | 30,000 | 31,732 |
Clark County NV Bond Bank GO | 5.000% | 6/1/12 (ETM) | 5,000 | 5,358 |
Clark County NV GO | 5.000% | 11/1/11 | 7,315 | 7,649 |
Clark County NV GO | 5.000% | 11/1/12 | 6,755 | 7,326 |
Clark County NV Highway Improvement Motor Vehicle Fuel Tax | 5.000% | 7/1/11 (2) | 7,120 | 7,324 |
Clark County NV Ind. Dev. Rev. (Southwest Gas Corp.) VRDO | 0.280% | 11/5/10 LOC | 5,900 | 5,900 |
Clark County NV Passenger Fac. Rev. (Las Vegas McCarran International Airport) | 5.000% | 7/1/11 | 3,595 | 3,701 |
2 Clark County NV Passenger Fac. Rev. (Las Vegas McCarran International Airport) | 3.000% | 7/1/12 | 2,000 | 2,067 |
Clark County NV Passenger Fac. Rev. (Las Vegas McCarran International Airport) | 5.000% | 7/1/12 | 2,700 | 2,876 |
2 Clark County NV Passenger Fac. Rev. (Las Vegas McCarran International Airport) | 4.000% | 7/1/13 | 2,000 | 2,144 |
Clark County NV School Dist. GO | 5.000% | 6/15/11 (14) | 8,000 | 8,231 |
Clark County NV School Dist. GO | 5.250% | 6/15/11 (14) | 15,000 | 15,459 |
Clark County NV School Dist. GO | 5.500% | 12/15/11 (4)(Prere.) | 6,000 | 6,347 |
Clark County NV School Dist. GO | 5.000% | 6/15/13 (14) | 9,645 | 10,626 |
Clark County NV School Dist. GO | 5.250% | 6/15/13 (14) | 20,335 | 22,681 |
1 Clark County NV School Dist. GO TOB VRDO | 0.270% | 11/5/10 | 12,525 | 12,525 |
Las Vegas Valley Water Dist. Nevada GO | 5.000% | 6/1/11 (14) | 5,000 | 5,129 |
Las Vegas Valley Water Dist. Nevada GO | 5.000% | 6/1/12 (14) | 5,125 | 5,461 |
Las Vegas Valley Water Dist. Nevada GO | 5.000% | 6/1/13 | 500 | 550 |
Las Vegas Valley Water Dist. Nevada GO | 5.000% | 6/1/14 | 250 | 281 |
Las Vegas Valley Water Dist. Nevada GO | 5.000% | 6/1/15 | 500 | 572 |
1 Las Vegas Valley Water Dist. Nevada GO TOB VRDO | 0.270% | 11/5/10 | 40,985 | 40,985 |
Las Vegas Valley Water Dist. Nevada GO Water Improvement & Refunding | 5.000% | 2/1/11 | 2,925 | 2,958 |
Nevada Capital Improvement & Cultural Affairs GO | 5.000% | 3/1/11 (4) | 6,215 | 6,314 |
Nevada Capital Improvement & Cultural Affairs GO | 5.000% | 12/1/11 (14) | 5,210 | 5,471 |
Nevada Capital Improvement & Cultural Affairs GO | 5.000% | 5/1/12 | 2,545 | 2,714 |
Nevada Capital Improvement & Cultural Affairs GO | 5.000% | 5/1/13 | 4,000 | 4,409 |
Nevada GO | 5.000% | 12/1/10 (4) | 3,640 | 3,655 |
1 Nevada System of Higher Educ. Univ. Rev. TOB VRDO | 0.330% | 11/5/10 | 7,585 | 7,585 |
| | | | 242,417 |
10
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
New Hampshire (0.1%) | | | | |
New Hampshire GO | 5.000% | 8/15/14 | 2,500 | 2,874 |
New Hampshire GO | 5.000% | 2/15/15 | 1,285 | 1,492 |
New Hampshire GO | 5.000% | 8/15/15 | 5,000 | 5,868 |
| | | | 10,234 |
New Jersey (3.7%) | | | | |
Garden State Preservation Trust New Jersey | 5.250% | 11/1/12 (4) | 10,000 | 10,911 |
Garden State Preservation Trust New Jersey | 5.500% | 11/1/14 (4) | 6,725 | 7,847 |
New Jersey Building Auth. Rev. | 5.000% | 12/15/11 | 10,415 | 10,925 |
New Jersey Building Auth. Rev. | 5.000% | 12/15/12 | 11,145 | 12,127 |
New Jersey Building Auth. Rev. | 5.000% | 12/15/13 | 11,710 | 13,127 |
New Jersey COP | 5.000% | 6/15/12 | 3,800 | 4,038 |
New Jersey COP | 5.000% | 6/15/13 | 5,000 | 5,445 |
New Jersey COP | 5.000% | 6/15/14 | 5,120 | 5,688 |
New Jersey CTFS Partner Equipment Lease Purchase | 5.000% | 6/15/12 | 7,570 | 8,044 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.000% | 3/1/11 (ETM) | 5,055 | 5,136 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.000% | 9/1/11 (ETM) | 4,500 | 4,677 |
New Jersey Educ. Fac. Auth. Rev. (Univ. Medical & Dentistry) | 5.500% | 12/1/13 | 8,200 | 8,884 |
New Jersey GO | 6.000% | 2/15/13 (3) | 15,000 | 16,713 |
New Jersey GO | 6.000% | 2/15/13 | 5,000 | 5,571 |
New Jersey Health Care Fac. Financing Auth. Rev. | 5.000% | 10/1/11 | 3,200 | 3,323 |
New Jersey Health Care Fac. Financing Auth. Rev. | 5.000% | 10/1/12 | 3,995 | 4,255 |
New Jersey Health Care Fac. Financing Auth. Rev. (Hosp. Capital Asset Pooled Program) VRDO | 0.270% | 11/5/10 LOC | 16,500 | 16,500 |
New Jersey Higher Educ. Assistance Auth. Student Loan Rev. | 4.000% | 12/1/13 | 8,470 | 8,909 |
New Jersey Higher Educ. Assistance Auth. Student Loan Rev. | 5.000% | 12/1/13 | 2,500 | 2,708 |
New Jersey Higher Educ. Assistance Auth. Student Loan Rev. | 5.000% | 12/1/15 | 2,500 | 2,772 |
New Jersey Transp. Trust Fund Auth. Rev. | 6.000% | 12/15/11 (Prere.) | 2,025 | 2,154 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.500% | 12/15/13 (4) | 5,705 | 6,477 |
New Jersey Turnpike Auth. Rev. VRDO | 0.290% | 11/5/10 LOC | 85,500 | 85,500 |
New Jersey Turnpike Auth. Rev. VRDO | 0.340% | 11/5/10 (4) | 60,650 | 60,650 |
Salem County NJ PCR (Public Service Electric & Gas) PUT | 0.950% | 11/1/11 | 16,500 | 16,500 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 6.000% | 6/1/12 (Prere.) | 12,900 | 14,035 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 6.125% | 6/1/12 (Prere.) | 17,285 | 18,840 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 6.250% | 6/1/13 (Prere.) | 14,000 | 15,997 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 6.125% | 6/1/24 (Prere.) | 13,825 | 14,271 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 5.750% | 6/1/32 (Prere.) | 28,055 | 29,804 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 6.375% | 6/1/32 (Prere.) | 19,140 | 21,491 |
| | | | 443,319 |
New Mexico (1.4%) | | | | |
New Mexico Educ. Assistance Foundation Rev. | 4.000% | 9/1/15 | 4,400 | 4,834 |
New Mexico Educ. Assistance Foundation Rev. | 4.000% | 12/1/15 | 3,800 | 4,184 |
New Mexico Finance Auth. Transp. Rev. | 5.000% | 12/15/13 | 4,000 | 4,524 |
New Mexico GO | 5.000% | 3/1/13 | 5,535 | 6,106 |
New Mexico GO | 5.000% | 3/1/13 | 7,845 | 8,654 |
New Mexico GO | 5.000% | 3/1/14 | 9,405 | 10,689 |
1 New Mexico Hosp. Equipment Loan Council Hosp. System Rev. | | | | |
(Presbyterian Healthcare Services) TOB VRDO | 0.280% | 11/5/10 | 7,000 | 7,000 |
New Mexico Hosp. Equipment Loan Council Hosp. System Rev. | | | | |
(Presbyterian Healthcare Services) VRDO | 0.280% | 11/5/10 | 28,000 | 28,000 |
New Mexico Mun. Energy Acquisition Auth. (Gas Supply) VRDO | 0.280% | 11/5/10 | 10,000 | 10,000 |
New Mexico Severance Tax Rev. | 4.000% | 7/1/11 | 28,145 | 28,848 |
New Mexico Severance Tax Rev. | 5.000% | 7/1/11 | 2,035 | 2,099 |
New Mexico Severance Tax Rev. | 5.000% | 7/1/13 | 27,900 | 31,102 |
New Mexico Severance Tax Rev. | 5.000% | 7/1/15 | 9,150 | 10,657 |
New Mexico Severance Tax Rev. | 5.000% | 7/1/16 | 7,445 | 8,777 |
| | | | 165,474 |
New York (7.9%) | | | | |
Erie County NY IDA School Fac. Rev. (Buffalo City School Dist.) GO | 5.000% | 5/1/11 | 1,000 | 1,023 |
Erie County NY IDA School Fac. Rev. (Buffalo City School Dist.) GO | 5.000% | 5/1/13 | 4,620 | 5,088 |
Long Island NY Power Auth. Electric System Rev. | 5.000% | 5/1/14 | 8,000 | 9,002 |
Long Island NY Power Auth. Electric System Rev. | 5.000% | 5/1/15 | 8,320 | 9,495 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) | 5.000% | 11/15/10 | 2,000 | 2,004 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) | 5.250% | 11/15/10 | 12,730 | 12,757 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) PUT | 5.000% | 11/15/12 | 20,000 | 21,540 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) PUT | 5.000% | 11/15/14 | 3,485 | 3,910 |
Metro. New York Transp. Auth. Rev. PUT | 5.000% | 11/15/13 | 20,000 | 22,055 |
1 Metro. New York Transp. Auth. Rev. TOB VRDO | 0.300% | 11/5/10 (13) | 11,780 | 11,780 |
1 Metro. New York Transp. Auth. Rev. TOB VRDO | 0.300% | 11/5/10 (4) | 6,805 | 6,805 |
1 Metro. New York Transp. Auth. Rev. TOB VRDO | 0.380% | 11/5/10 (4) | 3,625 | 3,625 |
Nassau County NY Sewer & Storm Water Finance Auth. Rev. | 5.000% | 11/1/12 | 4,980 | 5,400 |
New York City NY Cultural Resources Rev. (Trust for Cultural Resources) PUT | 2.750% | 7/1/12 | 8,000 | 8,225 |
11
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
New York City NY GO | 5.250% | 11/1/10 (ETM) | 6,120 | 6,122 |
New York City NY GO | 5.250% | 11/1/10 (2) | 1,595 | 1,595 |
New York City NY GO | 5.000% | 8/1/12 | 27,760 | 29,844 |
New York City NY GO | 5.250% | 8/1/12 | 8,535 | 9,213 |
New York City NY GO | 5.000% | 8/1/14 | 11,525 | 13,089 |
1 New York City NY GO TOB VRDO | 0.280% | 11/5/10 | 8,900 | 8,900 |
New York City NY GO VRDO | 0.240% | 11/5/10 LOC | 15,000 | 15,000 |
New York City NY Health & Hosp. Corp. Rev. | 5.000% | 2/15/12 | 6,655 | 6,981 |
New York City NY Health & Hosp. Corp. Rev. (Health System) | 5.000% | 2/15/15 | 1,500 | 1,691 |
New York City NY Housing Dev. Corp. Multi-Family Rev. | 5.000% | 11/1/11 | 15,740 | 16,335 |
New York City NY Housing Dev. Corp. Multi-Family Rev. | 5.000% | 5/1/12 | 10,960 | 11,558 |
New York City NY Housing Dev. Corp. Multi-Family Rev. PUT | 2.500% | 12/27/13 | 27,745 | 27,759 |
1 New York City NY Housing Dev. Corp. Rev. (Multi-Family Housing) TOB VRDO | 0.280% | 11/5/10 | 6,975 | 6,975 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. VRDO | 0.230% | 11/5/10 | 24,325 | 24,325 |
New York City NY Transitional Finance Auth. Rev. | 5.250% | 2/1/11 | 4,000 | 4,045 |
New York City NY Transitional Finance Auth. Rev. | 5.500% | 11/1/11 | 4,950 | 5,180 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 4.000% | 11/1/11 | 33,810 | 35,036 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 11/1/13 | 44,335 | 49,915 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 11/1/14 | 25,760 | 29,682 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 11/1/15 | 10,000 | 11,731 |
1 New York City NY Transitional Finance Auth. Rev. TOB VRDO | 0.290% | 11/5/10 (4) | 25,650 | 25,650 |
New York Liberty Dev. Corp. Rev. PUT | 0.320% | 11/18/10 | 50,000 | 50,000 |
New York State Dormitory Auth. Rev. | 4.000% | 2/15/12 | 2,230 | 2,325 |
New York State Dormitory Auth. Rev. | 4.000% | 7/1/14 | 1,270 | 1,387 |
New York State Dormitory Auth. Rev. (Mental Health Services) | 5.000% | 2/15/12 | 5,000 | 5,272 |
New York State Dormitory Auth. Rev. (Mental Health Services) | 5.000% | 8/15/12 | 7,025 | 7,546 |
New York State Dormitory Auth. Rev. (Mental Health Svcs. Fac.) | 5.000% | 2/15/15 | 2,000 | 2,266 |
New York State Dormitory Auth. Rev. (Mental Health Svcs. Fac.) | 5.000% | 8/15/15 | 5,000 | 5,716 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/11 | 7,720 | 7,855 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 2/15/12 | 20,000 | 21,135 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/12 | 3,890 | 4,124 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/12 | 8,140 | 8,631 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 2/15/15 | 14,025 | 16,143 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 2/15/16 | 10,000 | 11,635 |
New York State Dormitory Auth. Rev. (State Univ.) | 6.000% | 5/15/12 (14) | 6,200 | 6,289 |
New York State Dormitory Auth. Rev. Non State Supported Debt (Rockefellar Univ.) VRDO | 0.260% | 11/5/10 | 10,800 | 10,800 |
New York State Dormitory Auth. Rev. State Supported Debt (City Univ.) | 5.000% | 7/1/15 | 11,410 | 13,166 |
1 New York State Dormitory Auth. Rev. State Supported Debt (State Univ.) TOB VRDO | 0.280% | 11/5/10 | 8,995 | 8,995 |
New York State Energy Research & Dev. Auth. PCR (New York Electric & Gas) PUT | 3.000% | 6/3/13 | 5,000 | 5,059 |
New York State Energy Research & Dev. Auth. PCR (New York Electric & Gas) PUT | 3.000% | 6/3/13 | 5,000 | 5,059 |
New York State Housing Finance Agency Rev. (320 West 38th Street) VRDO | 0.260% | 11/5/10 LOC | 20,000 | 20,000 |
New York State Local Govt. Assistance Corp. VRDO | 0.280% | 11/5/10 | 8,800 | 8,800 |
New York State Muni. Bond Bank Agency Special School Purpose Rev. | 5.500% | 12/1/12 | 6,955 | 7,624 |
New York State Thruway Auth. Rev. | 4.000% | 7/15/11 | 40,000 | 41,025 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/11 | 4,280 | 4,364 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/12 | 3,770 | 4,007 |
New York State Thruway Auth. Rev. (Second Generation Highway & Bridge Trust Fund) | 5.000% | 4/1/15 | 7,000 | 8,098 |
New York State Thruway Auth. Rev. (Service Contract) | 5.000% | 4/1/15 | 15,000 | 17,235 |
New York State Urban Dev. Corp. Rev. | 3.000% | 12/15/10 | 3,835 | 3,848 |
New York State Urban Dev. Corp. Rev. | 5.000% | 1/1/12 | 5,000 | 5,252 |
New York State Urban Dev. Corp. Rev. (Personal Income Tax) | 5.000% | 12/15/14 | 27,035 | 31,156 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 4.000% | 1/1/12 | 8,665 | 9,001 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/13 | 14,475 | 15,739 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/15 | 27,900 | 31,774 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/16 | 25,000 | 28,867 |
Oyster Bay NY GO | 5.000% | 2/15/11 | 1,000 | 1,014 |
Tobacco Settlement Financing Corp. New York Rev. | 4.000% | 6/1/12 | 20,000 | 21,014 |
1 Triborough Bridge & Tunnel Auth. New York Rev. TOB VRDO | 0.290% | 11/5/10 | 11,545 | 11,545 |
Triborough Bridge & Tunnel Auth. New York Rev. VRDO | 0.260% | 11/5/10 (4) | 18,000 | 18,000 |
| | | | 945,101 |
North Carolina (3.2%) | | | | |
Charlotte NC Airport Rev. | 5.000% | 7/1/12 | 6,530 | 6,980 |
Charlotte NC Airport Rev. | 5.000% | 7/1/14 | 2,485 | 2,803 |
Charlotte-Mecklenberg NC Hosp. Auth. Rev. (Healthcare System Rev.) | 3.000% | 1/15/11 | 3,000 | 3,017 |
Charlotte-Mecklenberg NC Hosp. Auth. Rev. (Healthcare System Rev.) VRDO | 0.250% | 11/5/10 | 16,535 | 16,535 |
Guilford County NC GO | 5.000% | 2/1/11 | 8,230 | 8,329 |
1 Johnston NC Memorial Hosp. Auth. Rev. TOB VRDO | 0.350% | 11/5/10 (4) | 5,025 | 5,025 |
1 Johnston NC Memorial Hosp. Auth. Rev. TOB VRDO | 0.350% | 11/5/10 (4) | 6,565 | 6,565 |
1 Johnston NC Memorial Hosp. Auth. Rev. TOB VRDO | 0.350% | 11/5/10 (4) | 6,000 | 6,000 |
Mecklenburg County NC COP | 5.000% | 2/1/11 | 1,000 | 1,012 |
Mecklenburg County NC GO | 4.000% | 2/1/11 | 2,000 | 2,019 |
Mecklenburg County NC GO | 5.000% | 2/1/11 | 10,480 | 10,607 |
12
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Mecklenburg County NC GO | 4.000% | 3/1/11 | 5,000 | 5,064 |
Mecklenburg County NC Public Fac. Corp. (Annual Appropriation) | 5.000% | 3/1/11 | 3,000 | 3,048 |
Mecklenburg County NC Public Fac. Corp. (Annual Appropriation) | 5.000% | 3/1/12 | 5,000 | 5,306 |
Mecklenburg County NC Public Fac. Corp. (Annual Appropriation) | 5.000% | 3/1/13 | 2,700 | 2,975 |
Mecklenburg County NC Public Fac. Corp. (Annual Appropriation) | 5.000% | 3/1/14 | 5,005 | 5,681 |
North Carolina Eastern Muni. Power Agency Power Systems Rev. | 5.000% | 1/1/15 | 5,000 | 5,617 |
North Carolina Eastern Muni. Power Agency Rev. | 5.375% | 1/1/13 | 5,000 | 5,417 |
North Carolina Eastern Muni. Power Agency Rev. | 5.000% | 1/1/14 | 2,170 | 2,404 |
North Carolina Eastern Muni. Power Agency Rev. | 5.000% | 1/1/15 | 2,000 | 2,247 |
North Carolina Eastern Muni. Power Agency Rev. | 5.500% | 1/1/15 | 8,000 | 8,669 |
North Carolina GO | 5.500% | 3/1/11 | 16,510 | 16,803 |
North Carolina GO | 5.000% | 4/1/11 | 10,000 | 10,200 |
North Carolina GO | 5.500% | 3/1/13 | 9,000 | 10,028 |
North Carolina Medical Care Comm. Health Care Fac. (Duke Univ. Health System) VRDO | 0.280% | 11/5/10 | 47,070 | 47,070 |
North Carolina Medical Care Comm. Health Care Fac. Rev. (Univ. Health System Eastern) VRDO | 0.260% | 11/5/10 LOC | 22,050 | 22,050 |
North Carolina Medical Care Comm. Health Care Fac. Rev. (Univ. Health System Eastern) VRDO | 0.350% | 11/5/10 LOC | 9,300 | 9,300 |
North Carolina Medical Care Comm. Hosp. (North Carolina Baptist Hosp.) | 5.000% | 6/1/13 | 1,560 | 1,708 |
North Carolina Medical Care Comm. Hosp. (North Carolina Baptist Hosp.) | 5.000% | 6/1/14 | 2,495 | 2,806 |
North Carolina Medical Care Comm. Hosp. (North Carolina Baptist Hosp.) | 5.000% | 6/1/15 | 1,500 | 1,707 |
1 North Carolina Medical Care Comm. Hosp. Rev. (Baptist Hosp.) TOB VRDO | 0.280% | 11/5/10 | 5,000 | 5,000 |
North Carolina Medical Care Comm. Hosp. Rev. (Baptist Hosp.) VRDO | 0.290% | 11/5/10 LOC | 9,360 | 9,360 |
North Carolina Medical Care Comm. Hosp. Rev. (CaroMont Health) VRDO | 0.280% | 11/5/10 LOC | 19,980 | 19,980 |
North Carolina Muni. Power Agency Rev. | 5.250% | 1/1/13 | 6,000 | 6,536 |
North Carolina Muni. Power Agency Rev. | 5.500% | 1/1/13 (ETM) | 4,540 | 5,011 |
North Carolina Muni. Power Agency Rev. | 5.500% | 1/1/13 | 9,635 | 10,562 |
North Carolina State Grant Antic Rev. | 4.000% | 3/1/11 | 5,420 | 5,489 |
North Carolina State Grant Antic Rev. | 5.000% | 3/1/13 | 11,740 | 12,933 |
1 The Charlotte-Mecklenburg Hosp. North Carolina Health Care Auth. TOB VRDO | 0.300% | 11/5/10 | 6,150 | 6,150 |
Univ. of North Carolina Chapel Hill Foundation VRDO | 0.270% | 11/5/10 | 11,300 | 11,300 |
Univ. of North Carolina Chapel Hill Foundation VRDO | 0.280% | 11/5/10 | 19,700 | 19,700 |
Wake County NC GO | 4.000% | 2/1/14 | 16,060 | 17,700 |
Wake County NC Public Improvement GO | 5.000% | 3/1/11 | 16,000 | 16,257 |
| | | | 382,970 |
Ohio (4.5%) | | | | |
Akron OH Bath & Copley Joint Township Hosp. Dist. Rev. (Akron General Health) VRDO | 0.260% | 11/5/10 LOC | 20,100 | 20,100 |
Allen County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.000% | 9/1/12 | 4,440 | 4,720 |
Allen County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.000% | 9/1/13 | 21,675 | 23,691 |
Allen County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) VRDO | 0.280% | 11/1/10 LOC | 1,900 | 1,900 |
1 American Muni. Power Ohio Inc. Rev. (Prairie State Energy Campus Project) TOB VRDO | 0.300% | 11/5/10 (12) | 4,500 | 4,500 |
Cleveland OH Water Rev. VRDO | 0.250% | 11/5/10 LOC | 2,000 | 2,000 |
Columbus OH GO | 5.000% | 7/1/11 | 1,500 | 1,548 |
Columbus OH GO | 5.000% | 9/1/11 | 5,605 | 5,826 |
Columbus OH GO | 5.000% | 9/1/11 | 5,440 | 5,655 |
Columbus OH GO | 5.000% | 7/1/12 | 1,250 | 1,345 |
Delaware City OH BAN | 1.500% | 12/21/10 | 3,500 | 3,505 |
Franklin County OH Hosp. Rev. (Nationwide Childrens) VRDO | 0.250% | 11/5/10 | 26,770 | 26,770 |
Franklin County OH Hosp. Rev. (Nationwide Childrens) VRDO | 0.250% | 11/5/10 | 1,180 | 1,180 |
Franklin County OH Hosp. Rev. (Nationwide Hosp.) VRDO | 0.240% | 11/5/10 | 8,155 | 8,155 |
Franklin County OH Hosp. Rev. (Nationwide Hosp.) VRDO | 0.240% | 11/5/10 | 25,655 | 25,655 |
Franklin County OH Hosp. Rev. (Nationwide Hosp.) VRDO | 0.250% | 11/5/10 | 41,620 | 41,620 |
Franklin County OH Hosp. Rev. (OhioHealth Corp.) VRDO | 0.270% | 11/5/10 | 43,000 | 43,000 |
Hamilton County OH Sewer System Rev. | 5.000% | 12/1/10 (14) | 4,980 | 5,001 |
Lorain County OH Hosp. Fac. Rev. (EMH Regional Medical Center) VRDO | 0.280% | 11/5/10 LOC | 7,600 | 7,600 |
Mahoning County OH BAN | 2.000% | 11/16/10 | 4,000 | 4,002 |
Middletown OH Hosp. Fac. Rev. (Atrium Medical Center) VRDO | 0.260% | 11/5/10 LOC | 27,915 | 27,915 |
Middletown OH Hosp. Fac. Rev. (Atrium Medical Center) VRDO | 0.260% | 11/5/10 LOC | 12,000 | 12,000 |
Montgomery County OH Rev. (Catholic Health Initiatives) PUT | 5.000% | 11/12/13 | 8,000 | 8,835 |
Ohio Air Quality Dev. Auth. PCR (Columbus Southern Power) PUT | 3.875% | 6/1/14 | 3,500 | 3,590 |
Ohio Air Quality Dev. Auth. PCR (FirstEnergy) PUT | 5.250% | 3/1/11 | 10,000 | 10,132 |
Ohio Air Quality Dev. Auth. PCR (FirstEnergy) PUT | 3.000% | 4/2/12 | 2,900 | 2,921 |
Ohio Air Quality Dev. Auth. PCR (FirstEnergy) PUT | 3.000% | 4/2/12 | 5,500 | 5,555 |
Ohio Air Quality Dev. Auth. PCR (FirstEnergy) PUT | 4.750% | 8/1/12 | 14,000 | 14,626 |
Ohio Air Quality Dev. Auth. PCR (Ohio Power Co. Project) PUT | 3.250% | 6/2/14 | 5,000 | 5,099 |
Ohio Conservation Projects GO | 5.000% | 8/1/14 | 15,000 | 17,155 |
Ohio GO | 5.000% | 5/1/11 (ETM) | 2,315 | 2,370 |
Ohio GO | 3.000% | 8/1/11 | 11,540 | 11,774 |
Ohio GO | 4.000% | 8/1/11 | 7,460 | 7,668 |
Ohio GO | 5.000% | 8/1/11 (14) | 3,000 | 3,106 |
Ohio GO | 5.000% | 5/1/12 | 2,100 | 2,244 |
Ohio GO | 5.000% | 8/1/12 | 9,800 | 10,568 |
Ohio GO | 5.000% | 9/15/15 | 10,000 | 11,665 |
Ohio Higher Educ. Capital Fac. Rev. | 5.500% | 12/1/10 | 9,000 | 9,042 |
13
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
1 Ohio Higher Educ. Fac. Comm. Rev. (Cleveland Clinic Health) TOB VRDO | 0.280% | 11/5/10 | 6,275 | 6,275 |
Ohio Higher Educ. Fac. Comm. Rev. (Cleveland Health Clinic) VRDO | 0.260% | 11/1/10 | 1,600 | 1,600 |
Ohio Higher Educ. Fac. Comm. Rev. (Marietta College) VRDO | 0.290% | 11/5/10 LOC | 5,760 | 5,760 |
Ohio Higher Educ. Fac. Comm. Rev. (Northern Univ.) VRDO | 0.350% | 11/5/10 LOC | 6,300 | 6,300 |
Ohio Higher Educ. Fac. Comm. Rev. (Oberlin College) | 5.000% | 10/1/14 | 3,000 | 3,442 |
Ohio Higher Educ. Fac. Comm. Rev. (Univ. Hosp. Health System) | 3.000% | 1/15/11 | 5,235 | 5,250 |
Ohio Higher Educ. Fac. Comm. Rev. (Univ. Hosp. Health System) | 5.000% | 1/15/14 | 625 | 677 |
Ohio Higher Educ. Fac. Comm. Rev. (Univ. Hosp. Health System) | 5.000% | 1/15/15 | 500 | 545 |
Ohio Infrastructure Improvement GO | 4.000% | 8/1/12 | 12,315 | 13,065 |
Ohio Major New State Infrastructure Project Rev. | 5.000% | 6/15/12 | 10,000 | 10,714 |
Ohio Mental Health Capital Fac. Rev. | 5.000% | 8/1/11 (2) | 4,190 | 4,327 |
Ohio State Hosp. Rev. (Univ. Hosp Health System, Inc.) VRDO | 0.260% | 11/5/10 LOC | 25,675 | 25,675 |
Ohio Water Dev. Auth. PCR | 5.050% | 6/1/12 (Prere.) | 11,780 | 12,645 |
1 Ohio Water Dev. Auth. Rev. Fresh Water TOB VRDO | 0.380% | 11/5/10 | 9,940 | 9,940 |
Ohio Water Dev. Auth. Solid Waste Disposal Rev. (Waste Management Project) PUT | 2.625% | 1/2/13 | 4,000 | 4,024 |
Ohio Water Dev. Auth. Solid Waste Rev. (Waste Management Inc. Project) PUT | 1.500% | 12/1/10 | 4,500 | 4,501 |
Salem OH Hosp. Rev. (Salem Community Hosp Project) VRDO | 0.250% | 11/5/10 LOC | 17,185 | 17,185 |
Scioto County OH Hosp. Rev. (Southern Ohio Medical Center) | 5.000% | 2/15/11 | 2,500 | 2,523 |
Univ. of Akron OH General Receipts Rev. | 5.000% | 1/1/14 (4) | 2,440 | 2,714 |
| | | | 541,200 |
Oklahoma (0.8%) | | | | |
Oklahoma Dev. Finance Auth. Health System Rev. (Integris Baptist) | 5.000% | 8/15/12 | 1,875 | 1,996 |
Oklahoma Dev. Finance Auth. Health System Rev. (Integris Baptist) VRDO | 0.270% | 11/5/10 (12) | 16,610 | 16,610 |
Oklahoma Dev. Finance Auth. Health System Rev. (Integris Baptist) VRDO | 0.280% | 11/5/10 (12) | 33,205 | 33,205 |
Oklahoma Dev. Finance Auth. Rev. (Integris) VRDO | 0.270% | 11/5/10 (12) | 16,200 | 16,200 |
Oklahoma Muni Power Auth. Power Supply System Rev. PUT | 3.875% | 7/1/12 (4) | 5,000 | 5,230 |
Oklahoma State Muni Power Auth. Power Supply System Rev. PUT | 1.030% | 8/1/13 | 7,000 | 6,917 |
Oklahoma Transp. Auth. Turnpike System Rev. Refunding | 5.375% | 1/1/12 (2) | 11,900 | 12,593 |
1 Tulsa County OK Ind. Auth. Health Care Rev. (St. Francis Health System) TOB VRDO | 0.300% | 11/5/10 | 7,620 | 7,620 |
| | | | 100,371 |
Oregon (0.3%) | | | | |
Clackamas County OR Hosp. Fac. Auth. Rev. (Legacy Health System) PUT | 5.000% | 7/15/12 | 7,000 | 7,405 |
Gilliam County OR Solid Waste Disposal Rev. (Waste Management Incorporated Project) PUT | 1.700% | 9/1/11 | 1,500 | 1,500 |
Oregon State Dept. Administrative Services | 5.000% | 5/1/12 | 2,500 | 2,662 |
Oregon State Dept. Administrative Services | 5.000% | 4/1/14 | 2,000 | 2,267 |
Oregon State Dept. Transp. Highway Usertax Rev. | 4.000% | 11/15/11 | 2,000 | 2,075 |
Oregon State Fac. Auth. Rev. (PeaceHealth) | 3.000% | 3/15/11 | 12,430 | 12,504 |
Oregon State Fac. Auth. Rev. (PeaceHealth) | 5.000% | 3/15/13 | 1,000 | 1,071 |
Oregon State Fac. Auth. Rev. (PeaceHealth) | 4.000% | 11/1/13 | 500 | 536 |
Oregon State Fac. Auth. Rev. (PeaceHealth) | 5.000% | 3/15/14 | 1,050 | 1,143 |
Oregon State Fac. Auth. Rev. (PeaceHealth) | 5.000% | 3/15/15 | 1,500 | 1,650 |
| | | | 32,813 |
Pennsylvania (5.0%) | | | | |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) | 3.000% | 5/15/11 | 3,500 | 3,547 |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) | 5.000% | 6/15/11 | 1,750 | 1,799 |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) | 5.000% | 9/1/11 | 1,500 | 1,556 |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) | 4.000% | 5/15/12 | 5,000 | 5,225 |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) | 5.000% | 6/15/12 | 2,000 | 2,126 |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) | 5.000% | 5/15/13 | 10,000 | 10,907 |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) | 5.000% | 5/15/14 | 10,500 | 11,729 |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) | 5.000% | 5/15/15 | 8,350 | 9,430 |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) PUT | 1.330% | 8/1/13 | 10,000 | 9,864 |
Delaware County PA GO | 5.000% | 10/1/12 | 1,115 | 1,210 |
Delaware County PA IDA PCR (PECO Energy Co.) | 4.000% | 12/1/12 | 10,000 | 10,472 |
Governor Mifflin PA School Dist. VRDO | 0.320% | 11/5/10 (4) | 14,970 | 14,970 |
Governor Mifflin PA School Dist. VRDO | 0.320% | 11/5/10 (4) | 13,225 | 13,225 |
1 Lancaster County PA Hosp. Auth. Rev. (Masonic Homes) VRDO | 0.270% | 11/5/10 LOC | 3,280 | 3,280 |
Lehigh County PA General Purpose Hosp. Auth. Rev. (Muhlenberg College) VRDO | 0.270% | 11/5/10 LOC | 6,875 | 6,875 |
Montgomery County PA Higher Educ. & Health Auth. Rev. (Abington Memorial Hosp.) | 5.000% | 6/1/13 | 2,000 | 2,156 |
Montgomery County PA Higher Educ. & Health Auth. Rev. (Abington Memorial Hosp.) | 5.000% | 6/1/14 | 2,670 | 2,913 |
Northampton County PA General Purpose Auth. Univ. Rev. (Lehigh Univ.) VRDO | 0.260% | 11/5/10 | 11,635 | 11,635 |
Pennsylvania Econ. Dev. Auth. Rev. | 5.000% | 6/15/12 | 3,730 | 3,975 |
Pennsylvania Econ. Dev. Financing Auth. Fac. Rev. (PPL Energy Supply) PUT | 3.000% | 9/1/15 | 8,250 | 8,291 |
Pennsylvania Econ. Dev. Financing Auth. Fac. Rev. (PPL Energy Supply) PUT | 3.000% | 9/1/15 | 5,000 | 5,025 |
Pennsylvania Econ. Dev. Financing Auth. Fac. Rev. (PPL Energy Supply) PUT | 3.000% | 9/1/15 | 4,250 | 4,271 |
Pennsylvania Econ. Dev. Financing Auth. Fac. Rev. (Waste Management, Inc. Project) | 2.750% | 9/1/13 | 4,500 | 4,551 |
Pennsylvania Econ. Dev. Financing Auth. Fac. Rev. (Waste Management, Inc. Project) PUT | 2.625% | 12/3/12 | 11,375 | 11,473 |
Pennsylvania GO | 5.000% | 3/15/11 | 9,120 | 9,283 |
Pennsylvania GO | 5.000% | 7/1/11 (14) | 30,935 | 31,917 |
Pennsylvania GO | 5.000% | 9/1/11 | 14,430 | 14,997 |
Pennsylvania GO | 5.100% | 5/1/12 (4)(Prere.) | 6,800 | 7,277 |
14
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Pennsylvania GO | 5.000% | 4/15/13 | 10,745 | 11,885 |
Pennsylvania GO | 4.000% | 7/15/13 | 16,995 | 18,506 |
Pennsylvania GO | 5.000% | 9/1/13 | 4,300 | 4,819 |
Pennsylvania GO | 5.000% | 9/1/14 (4) | 12,000 | 13,793 |
Pennsylvania Higher Educ. Fac. Auth. Rev. (Pittsburgh Medical Center) | 3.500% | 5/15/12 | 3,000 | 3,106 |
Pennsylvania Higher Educ. Fac. Auth. Rev. (Pittsburgh Medical Center) | 5.000% | 5/15/15 | 4,250 | 4,800 |
Pennsylvania IDA Rev. (Econ. Dev.) | 5.000% | 7/1/11 | 5,000 | 5,141 |
Pennsylvania Intergovernmental Cooperation Auth. Special Tax Rev. | | | | |
(Philadelphia Funding Program) | 4.000% | 6/15/11 | 3,000 | 3,069 |
Pennsylvania Intergovernmental Cooperation Auth. Special Tax Rev. | | | | |
(Philadelphia Funding Program) | 5.000% | 6/15/11 | 2,270 | 2,336 |
Pennsylvania Intergovernmental Cooperation Auth. Special Tax Rev. | | | | |
(Philadelphia Funding Program) | 5.000% | 6/15/12 | 8,470 | 9,076 |
Pennsylvania Intergovernmental Cooperation Auth. Special Tax Rev. | | | | |
(Philadelphia Funding Program) | 5.000% | 6/15/12 | 2,750 | 2,947 |
Pennsylvania Intergovernmental Cooperation Auth. Special Tax Rev. | | | | |
(Philadelphia Funding Program) | 5.000% | 6/15/13 | 13,945 | 15,449 |
Pennsylvania Intergovernmental Cooperation Auth. Special Tax Rev. | | | | |
(Philadelphia Funding Program) | 5.000% | 6/15/13 | 3,000 | 3,326 |
Pennsylvania Intergovernmental Cooperation Auth. Special Tax Rev. | | | | |
(Philadelphia Funding Program) | 5.000% | 6/15/14 | 8,000 | 9,099 |
Pennsylvania State Turnpike Comm. Rev. VRDO | 0.300% | 11/5/10 | 53,883 | 53,882 |
Pennsylvania State Turnpike Comm. Rev. VRDO | 0.310% | 11/5/10 | 19,103 | 19,103 |
1 Pennsylvania State Univ. Rev. TOB VRDO | 0.360% | 11/5/10 | 12,730 | 12,730 |
Pennsylvania Turnpike Comm. Rev. | 0.800% | 11/5/10 | 13,000 | 13,021 |
Pennsylvania Turnpike Comm. Rev. | 0.900% | 11/5/10 | 12,000 | 12,020 |
Pennsylvania Turnpike Comm. Rev. | 3.000% | 6/1/11 (12) | 1,780 | 1,807 |
Pennsylvania Turnpike Comm. Rev. | 5.000% | 6/1/14 | 8,095 | 9,075 |
Pennsylvania Turnpike Comm. Rev. VRDO | 0.270% | 11/5/10 (4) | 22,030 | 22,030 |
Pennsylvania Turnpike Comm. Rev. VRDO | 0.270% | 11/5/10 LOC | 24,200 | 24,200 |
Philadelphia PA Airport Parking Auth. | 5.000% | 9/1/11 | 3,000 | 3,096 |
Philadelphia PA Airport Parking Auth. | 5.000% | 9/1/12 | 3,000 | 3,173 |
2 Philadelphia PA Airport Rev. | 5.000% | 6/15/14 | 1,000 | 1,110 |
2 Philadelphia PA Airport Rev. | 5.000% | 6/15/15 | 3,100 | 3,481 |
Philadelphia PA Auth. IDR (Girard Estate Aramark Project) VRDO | 0.270% | 11/5/10 LOC | 11,450 | 11,450 |
Philadelphia PA Auth. IDR (Inglis House Project) VRDO | 0.270% | 11/5/10 | 5,400 | 5,400 |
Philadelphia PA IDA Rev. VRDO | 0.270% | 11/5/10 LOC | 39,200 | 39,200 |
Philadelphia PA Water & Waste Water Rev. | 5.000% | 6/15/16 | 5,000 | 5,722 |
Southcentral Pennsylvania General Auth. Rev. (Wellspan Health) | 5.000% | 6/1/11 | 5,000 | 5,120 |
St. Mary’s Hosp. Auth. Bucks County PA Rev. (Catholic Health Initiatives) VRDO | 0.280% | 11/5/10 | 9,500 | 9,500 |
Univ. of Pittsburgh of the Commonwealth System of Higher Educ. Pennsylvania | | | | |
(Univ. Capital Project) | 4.000% | 9/15/11 | 1,000 | 1,032 |
Univ. of Pittsburgh of the Commonwealth System of Higher Educ. Pennsylvania | | | | |
(Univ. Capital Project) | 5.000% | 9/15/11 | 2,100 | 2,186 |
Univ. of Pittsburgh of the Commonwealth System of Higher Educ. Pennsylvania | | | | |
(Univ. Capital Project) | 5.000% | 9/15/12 | 8,090 | 8,768 |
Westmoreland County PA IDA Rev. (Excela Project) | 3.500% | 7/1/13 | 1,830 | 1,885 |
Westmoreland County PA IDA Rev. (Excela Project) | 4.000% | 7/1/14 | 1,380 | 1,448 |
| | | | 601,770 |
Puerto Rico (0.3%) | | | | |
Puerto Rico Sales Tax Financing Corp. Rev. PUT | 5.000% | 8/1/11 (Prere.) | 40,000 | 41,424 |
|
Rhode Island (0.2%) | | | | |
Rhode Island Health & Educ. (Rogers Williams Univ.) VRDO | 0.350% | 11/5/10 LOC | 17,930 | 17,930 |
Rhode Island State & Providence Plantations GO | 5.000% | 10/1/12 | 4,000 | 4,330 |
| | | | 22,260 |
South Carolina (1.4%) | | | | |
Charleston SC Waterworks & Sewer Rev. Capital Improvement VRDO | 0.270% | 11/5/10 | 33,575 | 33,575 |
Greenville County SC Hosp. Fac. Rev. | 5.000% | 5/1/11 | 2,610 | 2,664 |
Greenville County SC Hosp. Fac. Rev. | 5.000% | 5/1/12 | 5,275 | 5,549 |
Greenville County SC Hosp. System Rev. VRDO | 0.620% | 11/5/10 LOC | 34,000 | 34,000 |
Greenville County SC School Dist. GO | 5.000% | 12/1/15 | 5,000 | 5,763 |
1 Greer SC Combined Util. System Rev. TOB VRDO | 0.270% | 11/5/10 (13) | 9,685 | 9,685 |
Piedmont SC Muni. Power Agency Rev. | 5.000% | 1/1/15 | 2,000 | 2,241 |
South Carolina Educ. Fac. Auth. VRDO | 0.270% | 11/5/10 LOC | 7,000 | 7,000 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Fac. Rev. (Sisters of Charity Providence Hosp.) VRDO | 0.270% | 11/5/10 LOC | 21,880 | 21,880 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Improvement Rev. (Palmetto Health Alliance) | 2.000% | 2/1/11 | 2,000 | 2,008 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Improvement Rev. (Palmetto Health Alliance) | 3.000% | 2/1/12 | 1,000 | 1,022 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Improvement Rev. (Palmetto Health Alliance) | 5.000% | 2/1/13 | 1,000 | 1,072 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Improvement Rev. (Palmetto Health Alliance) | 5.000% | 2/1/14 | 2,000 | 2,188 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Improvement Rev. (Palmetto Health Alliance) | 5.000% | 2/1/15 | 1,000 | 1,105 |
15
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
South Carolina Jobs Econ. Dev. Auth. Rev. (Waste Management Inc.) PUT | 1.800% | 11/1/10 | 7,060 | 7,060 |
South Carolina Public Service Auth. Rev. (Santee Cooper) | 5.000% | 1/1/14 | 3,000 | 3,372 |
South Carolina Transp. Infrastructure Rev. | 5.100% | 10/1/11 (Prere.) | 7,000 | 7,309 |
South Carolina Transp. Infrastructure Rev. | 5.000% | 10/1/14 | 14,220 | 16,103 |
South Carolina Transp. Infrastructure Rev. | 5.250% | 10/1/15 (2) | 4,295 | 4,973 |
Spartanburg County SC Regional Health Services Dist. Rev. VRDO | 0.290% | 11/5/10 (12) | 5,120 | 5,120 |
| | | | 173,689 |
Tennessee (2.1%) | | | | |
Blount County TN Public Building Auth. (Local Govt. Public Improvement Bonds) | 5.000% | 6/1/11 | 15,000 | 15,402 |
Hamilton County TN CP | 0.600% | 11/10/10 | 53,060 | 53,059 |
Jackson TN Hosp. Rev. (Jackson Madison Hosp.) | 5.000% | 4/1/12 | 500 | 521 |
Jackson TN Hosp. Rev. (Jackson Madison Hosp.) | 5.000% | 4/1/13 | 645 | 685 |
Knox County TN GO | 5.500% | 4/1/11 | 3,000 | 3,066 |
1 Knoxville TN Waste Water System Rev. TOB VRDO | 0.330% | 11/5/10 | 7,480 | 7,480 |
Lewisburg TN Individual Dev. Board Rev. (Waste Management Project) PUT | 2.500% | 7/1/12 | 5,250 | 5,271 |
Memphis TN Electric System Rev. | 5.000% | 12/1/10 (14) | 31,750 | 31,880 |
Memphis TN Electric System Rev. | 5.000% | 12/1/13 (14) | 5,000 | 5,612 |
Memphis TN Electric System Rev. | 5.000% | 12/1/14 | 25,000 | 28,828 |
Memphis TN Electric System Rev. | 5.000% | 12/1/15 | 25,000 | 29,278 |
Metro. Govt. of Nashville TN Airport Auth. Improvement Refunding | 4.000% | 7/1/14 | 4,450 | 4,863 |
Murfreesboro TN GO | 5.000% | 6/1/12 | 8,090 | 8,653 |
Sevier County TN Public Building Auth. (Local Govt. Public Improvement Bonds) | 5.000% | 3/1/11 (12) | 20,000 | 20,302 |
Shelby County TN GO | 5.000% | 4/1/11 | 1,000 | 1,020 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. | 5.000% | 6/1/11 | 3,300 | 3,367 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. | 5.000% | 6/1/12 | 5,000 | 5,257 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. | 4.000% | 9/1/12 | 6,135 | 6,428 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. | 5.000% | 9/1/13 | 9,600 | 10,535 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. | 5.000% | 9/1/14 | 2,500 | 2,801 |
Tennessee GO | 5.000% | 5/1/12 | 3,500 | 3,739 |
Tennessee GO | 5.000% | 5/1/14 | 3,000 | 3,423 |
Tennessee State School Bond Auth. | 5.000% | 5/1/13 | 5,460 | 6,056 |
| | | | 257,526 |
Texas (10.3%) | | | | |
Austin TX Electric Util. System Rev. | 5.000% | 11/15/10 (2) | 5,000 | 5,010 |
1 Brownsville TX Util. System Rev. TOB VRDO | 0.330% | 11/5/10 (4) | 6,060 | 6,060 |
1 Corpus Christi TX Util. Systems Rev. TOB VRDO | 0.330% | 11/5/10 (4) | 5,130 | 5,130 |
1 Dallas TX Area Rapid Transit Sales Tax TOB VRDO | 0.280% | 11/5/10 | 5,400 | 5,400 |
Dallas TX Civic Center Refunding & Improvement Rev. | 5.000% | 8/15/13 (12) | 2,775 | 3,055 |
Dallas TX Civic Center Refunding & Improvement Rev. | 5.000% | 8/15/14 (12) | 2,775 | 3,115 |
Dallas TX GO | 5.000% | 2/15/11 | 4,000 | 4,056 |
Dallas TX GO | 5.000% | 2/15/11 | 8,310 | 8,426 |
Dallas TX GO | 5.000% | 2/15/12 | 10,000 | 10,586 |
Dallas TX GO | 5.000% | 2/15/15 | 6,295 | 7,303 |
Dallas-Fort Worth TX International Airport Rev. | 4.000% | 11/1/12 | 3,500 | 3,712 |
Dallas-Fort Worth TX International Airport Rev. | 5.000% | 11/1/13 | 4,000 | 4,452 |
Denton TX Independent School Dist. VRDO | 0.290% | 11/5/10 | 17,550 | 17,550 |
Fort Bend County TX GO | 4.000% | 3/1/13 | 1,305 | 1,406 |
Fort Worth TX GO | 4.000% | 3/1/12 | 4,260 | 4,461 |
Gulf Coast TX Waste Disposal Auth. Environmental Fac. Rev. | | | | |
(BP Products North America Project) PUT | 2.300% | 9/3/13 | 9,000 | 9,101 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Hermann Health) VRDO | 0.290% | 11/5/10 LOC | 42,700 | 42,700 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Methodist Hosp.) | 5.250% | 12/1/12 | 15,000 | 16,206 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (St. Luke’s Episcopal Health Sytem) | 5.000% | 2/15/13 | 4,335 | 4,682 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (St. Luke’s Episcopal Health Sytem) | 5.000% | 2/15/14 | 5,915 | 6,538 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Thermal Util. TECO Project) | 5.000% | 11/15/11 | 1,000 | 1,043 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Thermal Util. TECO Project) | 5.000% | 11/15/13 | 500 | 556 |
Harris County TX GO | 6.000% | 8/1/14 (14) | 23,045 | 27,165 |
1 Harris County TX GO TOB VRDO | 0.290% | 11/5/10 (13) | 9,600 | 9,600 |
Harris County TX Health Fac. Dev. Corp. Hosp. Rev. (Texas Children’s Hosp.) VRDO | 0.280% | 11/5/10 | 58,600 | 58,600 |
Harris County TX Health Fac. Dev. Corp. Rev. (St. Luke’s Episcopal Hosp.) VRDO | 0.330% | 11/5/10 | 10,000 | 10,000 |
Harris County TX Rev. | 5.000% | 10/1/12 | 3,000 | 3,276 |
Harris County TX Toll Road Rev. | 5.375% | 8/15/12 (Prere.) | 3,250 | 3,537 |
Harris County TX Toll Road Rev. | 5.375% | 8/15/12 (Prere.) | 6,000 | 6,529 |
Harris County TX Toll Road Rev. PUT | 5.000% | 8/15/12 (4) | 5,000 | 5,369 |
Houston TX GO | 5.000% | 3/1/12 (14) | 21,040 | 22,290 |
Houston TX Higher Educ. Finance Corp. (Rice Univ.) VRDO | 0.250% | 11/5/10 | 10,400 | 10,400 |
Houston TX Independent School Dist. GO | 4.000% | 7/15/12 | 3,010 | 3,183 |
Houston TX Util. System Rev. | 5.250% | 5/15/14 (14) | 2,500 | 2,860 |
Houston TX Util. System Rev. PUT | 5.000% | 5/15/11 (2) | 8,000 | 8,187 |
1 Houston TX Util. System Rev. TOB VRDO | 0.300% | 11/5/10 (4) | 17,540 | 17,540 |
1 Houston TX Util. System Rev. TOB VRDO | 0.330% | 11/5/10 (4) | 25,490 | 25,490 |
16
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
1 Houston TX Util. System Rev. TOB VRDO | 0.330% | 11/5/10 (1) | 9,995 | 9,995 |
Houston TX Water & Sewer System Rev. | 5.250% | 12/1/12 (Prere.) | 10,260 | 11,248 |
Katy TX Independent School Dist. GO | 5.000% | 2/15/15 | 4,295 | 4,975 |
Lone Star College TX System Rev. | 5.000% | 8/15/12 | 615 | 664 |
Lower Colorado River Auth. Texas Rev. | 5.000% | 5/15/15 | 2,000 | 2,284 |
Lubbock TX Electric Light & Power System Rev. | 4.000% | 4/15/14 | 1,890 | 2,050 |
Lubbock TX Electric Light & Power System Rev. | 4.000% | 4/15/15 | 1,125 | 1,228 |
Lubbock TX GO | 5.000% | 2/15/11 | 1,250 | 1,267 |
Lubbock TX GO | 5.000% | 2/15/12 (14)(Prere.) | 4,355 | 4,611 |
Lubbock TX Health Fac. (St. Joseph) PUT | 3.050% | 10/16/12 | 17,550 | 17,883 |
Mansfield TX Independent School Dist. Rev. | 5.000% | 2/15/12 | 2,000 | 2,115 |
Matagorda County TX Navigation Dist. PCR (Central Power & Light) PUT | 5.125% | 6/1/11 | 7,500 | 7,647 |
Montgomery County TX (Pass Thru Toll Rev.) | 4.000% | 3/1/12 (12) | 2,000 | 2,091 |
Montgomery County TX (Pass Thru Toll Rev.) | 5.000% | 3/1/14 (12) | 1,475 | 1,663 |
North Texas Tollway Auth. Rev. | 5.000% | 1/1/11 | 5,745 | 5,784 |
North Texas Tollway Auth. Rev. PUT | 5.250% | 1/1/12 | 5,000 | 5,233 |
North Texas Tollway Auth. Rev. PUT | 5.000% | 1/1/13 | 20,000 | 21,495 |
North Texas Tollway Auth. Rev. VRDO | 0.250% | 11/5/10 LOC | 27,000 | 27,000 |
Northside TX Independent School Dist. PUT | 2.100% | 6/1/11 | 10,000 | 10,079 |
Northside TX Independent School Dist. PUT | 1.500% | 8/1/12 | 17,000 | 17,163 |
Northside TX Independent School Dist. PUT | 1.750% | 6/1/13 | 20,000 | 20,016 |
Plano TX Independent School Dist. | 5.000% | 2/15/11 | 1,460 | 1,480 |
Plano TX Independent School Dist. | 4.000% | 2/15/13 | 1,210 | 1,300 |
1 Port Arthur TX Independent School Dist. GO TOB VRDO | 0.290% | 11/5/10 (12) | 7,660 | 7,660 |
Richardson TX Independent School Dist. GO VRDO | 0.270% | 11/5/10 | 20,300 | 20,300 |
San Antonio TX Electric & Gas Rev. | 5.500% | 2/1/11 | 16,085 | 16,300 |
San Antonio TX Electric & Gas Rev. | 5.250% | 2/1/13 (ETM) | 515 | 568 |
San Antonio TX Electric & Gas Rev. | 5.250% | 2/1/13 | 9,410 | 10,379 |
San Antonio TX Electric & Gas Rev. | 5.375% | 2/1/13 (4) | 8,000 | 8,846 |
San Antonio TX Electric & Gas Rev. | 5.500% | 2/1/14 | 6,210 | 7,116 |
San Antonio TX Electric & Gas Rev. | 5.375% | 2/1/15 | 14,000 | 16,407 |
1 San Antonio TX Electric & Gas Rev. TOB VRDO | 0.280% | 11/5/10 | 7,000 | 7,000 |
1 San Antonio TX Electric & Gas TOB VRDO | 0.300% | 11/5/10 | 11,985 | 11,985 |
San Antonio TX GO PUT | 3.625% | 12/1/10 (Prere.) | 865 | 868 |
San Antonio TX GO PUT | 3.625% | 12/1/10 | 29,135 | 29,220 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Hosp. Rev. | | | | |
(Scott and White Memorial Hosp. and Scott, Sherwood and Brindley Foundation Project) | 5.000% | 8/15/12 | 2,745 | 2,905 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Rev. (Christus Health) | 5.000% | 7/1/13 | 1,155 | 1,242 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Rev. (Christus Health) | 5.000% | 7/1/14 | 1,785 | 1,933 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Rev. (Christus Health) VRDO | 0.260% | 11/5/10 LOC | 23,000 | 23,000 |
Tarrant County TX Health Fac. Dev. Corp. Hosp. Rev. (Cook Children’s Medical Center) | 5.000% | 12/1/15 | 1,580 | 1,812 |
Tarrant Regional Water Dist. TX Water Rev. | 5.000% | 3/1/11 | 3,850 | 3,910 |
Tarrant Regional Water Dist. TX Water Rev. | 5.000% | 3/1/12 | 5,000 | 5,298 |
Tarrant Regional Water Dist. TX Water Rev. | 5.000% | 3/1/13 | 2,000 | 2,197 |
Texas A & M Univ. Rev. Financing System | 5.000% | 5/15/11 | 2,500 | 2,564 |
Texas A & M Univ. Rev. Financing System | 5.000% | 5/15/12 | 7,000 | 7,486 |
Texas GO | 4.000% | 10/1/11 | 7,005 | 7,242 |
Texas GO | 5.000% | 10/1/12 | 7,000 | 7,603 |
Texas GO | 5.000% | 10/1/13 | 7,500 | 8,431 |
Texas GO | 5.000% | 10/1/14 | 8,370 | 9,649 |
Texas GO Public Finance Auth. | 5.000% | 10/1/11 | 4,000 | 4,172 |
1 Texas GO TOB VRDO | 0.280% | 11/5/10 | 73,750 | 73,750 |
1 Texas GO TOB VRDO | 0.280% | 11/5/10 | 8,685 | 8,685 |
1 Texas GO TOB VRDO | 0.300% | 11/5/10 | 12,190 | 12,190 |
Texas GO TRAN | 2.000% | 8/31/11 | 100,000 | 101,381 |
Texas Muni. Gas Acquisition & Supply Corp. Rev. | 5.000% | 12/15/10 | 13,370 | 13,433 |
Texas State Transp. Comm. First Tier | 5.000% | 4/1/12 | 7,000 | 7,453 |
Texas State Transp. Comm. First Tier PUT | 5.000% | 2/15/11 | 10,000 | 10,102 |
Texas State Univ. System Rev. | 5.000% | 3/15/11 | 3,000 | 3,053 |
Texas State Univ. System Rev. | 5.000% | 3/15/13 | 1,000 | 1,101 |
Texas Tech Univ. Rev. Refunding & Improvement | 4.000% | 2/15/11 | 2,010 | 2,032 |
Texas Tech Univ. Rev. Refunding & Improvement | 4.000% | 2/15/12 | 2,000 | 2,090 |
1 Texas Transp. Comm. Mobility Fund TOB VRDO | 0.280% | 11/5/10 | 11,040 | 11,040 |
Texas Transp. Comm. Mobility Fund VRDO | 0.280% | 11/5/10 | 9,900 | 9,900 |
1 Texas Transp. Comm. Rev. TOB VRDO | 0.280% | 11/5/10 | 7,495 | 7,495 |
Texas Water Dev. Board Rev. | 5.000% | 7/15/14 | 1,355 | 1,553 |
Texas Water Dev. Board Rev. | 5.000% | 7/15/14 | 5,260 | 6,029 |
Texas Water Finance Assistance GO | 4.000% | 8/1/11 | 1,150 | 1,182 |
Titus County TX Fresh Water Supply Dist. Rev. | 4.500% | 7/1/11 | 3,500 | 3,564 |
Tyler TX Independent School Dist. GO | 3.500% | 2/15/11 | 1,845 | 1,862 |
Tyler TX Independent School Dist. GO | 3.750% | 2/15/13 | 2,150 | 2,298 |
Univ. of Texas Rev. Finance Systems | 5.000% | 8/15/13 (Prere.) | 24,900 | 27,850 |
17
Short-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Univ. of Texas Rev. Finance Systems | 5.000% | 8/15/13 (Prere.) | 10,000 | 11,185 |
Waco TX Educ. Finance Corp. (Baylor Univ.) VRDO | 0.250% | 11/5/10 | 54,615 | 54,615 |
Waco TX Educ. Finance Corp. (Baylor Univ.) VRDO | 0.250% | 11/5/10 | 75,865 | 75,865 |
| | | | 1,239,646 |
Utah (0.3%) | | | | |
Davis County UT School Dist. | 5.000% | 6/1/11 | 1,605 | 1,650 |
Intermountain Power Agency Utah Power Supply Rev. | 5.000% | 7/1/11 | 5,000 | 5,151 |
Utah GO | 5.375% | 7/1/12 | 11,000 | 11,907 |
3 Utah GO | 4.000% | 7/1/14 | 10,000 | 11,125 |
Utah GO | 5.000% | 7/1/14 | 4,000 | 4,594 |
| | | | 34,427 |
Virgin Islands (0.0%) | | | | |
Virgin Islands Public Finance Auth. Rev. | 5.000% | 10/1/14 | 3,350 | 3,662 |
|
Virginia (1.5%) | | | | |
Alexandria VA IDA Rev. (Institute for Defense Analyses Project) VRDO | 0.270% | 11/5/10 LOC | 6,200 | 6,200 |
Amherst VA Ind. Dev. Auth. Rev. (Sweet Briar) VRDO | 0.270% | 11/5/10 LOC | 9,390 | 9,390 |
Charles City County VA IDA Solid Waste Disposal Rev. (Waste Management) PUT | 1.800% | 11/1/11 | 6,350 | 6,350 |
1 Fairfax County VA IDA Rev. TOB VRDO | 0.280% | 11/5/10 | 9,500 | 9,500 |
Fairfax County VA Public Improvement GO | 4.000% | 4/1/11 | 4,780 | 4,856 |
Louisa VA IDA Solid Waste & Sewer Disposal Rev. (Virginia Electric & Power Co.) PUT | 5.000% | 12/1/11 | 15,000 | 15,580 |
New River Valley VA Jail Auth. Fac. Rev.�� | 4.000% | 4/1/11 | 10,000 | 10,100 |
Virginia College Building Auth. Educ. Fac. Rev. | 5.000% | 9/1/11 | 3,500 | 3,637 |
Virginia College Building Auth. Educ. Fac. Rev. | 5.000% | 2/1/12 | 1,650 | 1,745 |
Virginia College Building Auth. Educ. Fac. Rev. | 5.000% | 2/1/13 | 3,525 | 3,872 |
Virginia College Building Auth. Educ. Fac. Rev. | 5.000% | 2/1/13 | 2,010 | 2,208 |
Virginia College Building Auth. Educ. Fac. Rev. (21st Century College) | 5.000% | 2/1/12 | 10,000 | 10,574 |
Virginia College Building Auth. Educ. Fac. Rev. Public Higher Educ. Financing Program | 5.000% | 9/1/11 | 4,500 | 4,677 |
Virginia GO | 4.000% | 6/1/11 | 4,000 | 4,088 |
Virginia Public Building Auth. Public Fac. Rev. | 5.000% | 8/1/11 | 2,290 | 2,371 |
Virginia Public Building Auth. Public Fac. Rev. | 5.000% | 8/1/14 | 4,080 | 4,682 |
Virginia Public Building Auth. Rev. | 5.000% | 8/1/12 | 1,100 | 1,187 |
Virginia Public Building Auth. Rev. | 5.000% | 8/1/12 | 6,525 | 7,041 |
Virginia Public School Auth. Rev. | 5.000% | 4/15/11 | 4,000 | 4,087 |
Virginia Public School Auth. Rev. | 4.000% | 8/1/11 | 4,275 | 4,394 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/11 | 1,500 | 1,553 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/11 | 4,135 | 4,282 |
Virginia Public School Auth. Rev. | 4.000% | 8/1/12 | 6,435 | 6,831 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/14 | 20,000 | 22,953 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/15 | 11,440 | 13,412 |
Virginia Small Business Finance Auth. Healthcare Fac. Rev. (Sentara Healthcare) | 5.000% | 11/1/13 | 3,505 | 3,869 |
1 Virginia State Resource Auth. Infrastructure Rev. TOB VRDO | 0.280% | 11/5/10 | 5,415 | 5,415 |
| | | | 174,854 |
Washington (2.7%) | | | | |
1 Bellevue WA GO TOB VRDO | 0.330% | 11/5/10 | 5,445 | 5,445 |
1 Central Puget Sound WA Regional Transit Auth. Sales & Use Tax Rev. TOB VRDO | 0.280% | 11/5/10 (4) | 8,280 | 8,280 |
Clark County WA Public Util. Rev. | 5.000% | 1/1/15 | 1,500 | 1,690 |
Energy Northwest Washington Electric Refunding Rev. (Project No. 3) | 5.000% | 7/1/14 | 6,940 | 7,930 |
1 Grant County WA Public Util. Dist. No. 002 TOB VRDO | 0.290% | 11/5/10 (4) | 12,805 | 12,805 |
King County WA (Bellevue School Dist.) GO | 5.000% | 12/1/10 (4) | 2,965 | 2,978 |
King County WA School Dist. GO | 5.000% | 6/1/12 | 6,700 | 7,177 |
1 King County WA Sewer Rev. TOB VRDO | 0.290% | 11/1/10 (4) | 7,885 | 7,885 |
1 King County WA Sewer Rev. TOB VRDO | 0.270% | 11/5/10 LOC | 22,820 | 22,820 |
Washington (Motor Vehicle Fuel Tax) GO | 5.000% | 9/1/11 (14) | 1,500 | 1,558 |
Washington GO | 5.000% | 1/1/11 (2) | 21,735 | 21,913 |
Washington GO | 4.000% | 2/1/11 | 7,845 | 7,920 |
Washington GO | 4.000% | 2/1/11 | 6,130 | 6,188 |
Washington GO | 5.000% | 7/1/11 | 4,750 | 4,900 |
Washington GO | 5.000% | 1/1/12 (2) | 12,255 | 12,905 |
Washington GO | 4.000% | 2/1/12 | 3,915 | 4,088 |
Washington GO | 5.000% | 1/1/13 | 13,605 | 14,883 |
Washington GO | 5.000% | 1/1/13 | 10,535 | 11,524 |
Washington GO | 5.000% | 2/1/13 | 5,285 | 5,798 |
Washington GO | 5.000% | 1/1/15 (2) | 4,500 | 5,188 |
Washington GO | 5.000% | 1/1/16 | 5,000 | 5,854 |
Washington GO (Motor Vehicle Fuel Tax) | 5.000% | 7/1/11 | 3,295 | 3,399 |
Washington GO (Motor Vehicle Fuel Tax) | 5.000% | 8/1/11 | 8,970 | 9,287 |
Washington GO (Motor Vehicle Fuel Tax) | 5.000% | 7/1/12 | 5,555 | 5,970 |
Washington GO (Motor Vehicle Fuel Tax) | 5.000% | 7/1/13 | 5,050 | 5,620 |
Washington GO (Motor Vehicle Fuel Tax) | 5.000% | 8/1/13 | 9,215 | 10,286 |
Washington GO (Motor Vehicle Fuel Tax) | 5.000% | 8/1/14 | 9,440 | 10,811 |
18
Short-Term Tax-Exempt Fund
| | | | | |
| | | | Face | Market |
| | | Maturity | Amount | Value• |
| | Coupon | Date | ($000) | ($000) |
1 | Washington GO TOB VRDO | 0.280% | 11/5/10 | 6,145 | 6,145 |
| Washington Health Care Fac. Auth. (Catholic Health Initiatives) VRDO | 0.250% | 11/5/10 | 17,000 | 17,000 |
| Washington Health Care Fac. Auth. (Multicare Health System) | 5.000% | 8/15/12 | 1,625 | 1,724 |
| Washington Health Care Fac. Auth. (Multicare Health System) | 5.000% | 8/15/13 | 1,450 | 1,570 |
| Washington Health Care Fac. Auth. (Multicare Health System) | 5.000% | 8/15/14 | 1,590 | 1,747 |
| Washington Health Care Fac. Auth. (Multicare Health System) VRDO | 0.270% | 11/5/10 (4) | 14,535 | 14,535 |
| Washington Health Care Fac. Auth. (PeaceHealth) | 5.000% | 11/1/11 | 900 | 937 |
| Washington Health Care Fac. Auth. (PeaceHealth) | 5.000% | 11/1/12 | 1,315 | 1,409 |
| Washington Health Care Fac. Auth. (Southwest Washington Medical Center) VRDO | 0.300% | 11/5/10 LOC | 26,905 | 26,905 |
| Washington Higher Educ. Fac. Auth. (Whitman College) VRDO | 0.250% | 11/5/10 | 20,000 | 20,000 |
1 | Washington State Health Care Fac. Auth. Rev. TOB VRDO | 0.280% | 11/5/10 | 13,050 | 13,050 |
| | | | | 330,124 |
West Virginia (0.2%) | | | | |
| West Virginia Commissioner of Highways Special Obligation | 5.000% | 9/1/12 | 4,970 | 5,361 |
| West Virginia Commissioner of Highways Special Obligation | 5.000% | 9/1/13 | 4,645 | 5,175 |
| West Virginia Econ. Dev. Auth. PCR (Ohio Power) PUT | 3.125% | 4/1/15 | 5,000 | 5,069 |
| West Virginia Hosp. Finance Auth. Rev. (Charleston Medical Center) | 5.000% | 9/1/13 | 1,300 | 1,400 |
| West Virginia Hosp. Finance Auth. Rev. (Charleston Medical Center) | 5.000% | 9/1/14 | 5,150 | 5,632 |
| | | | | 22,637 |
Wisconsin (2.1%) | | | | |
| Badger Tobacco Asset Securitization Corp. WI | 5.750% | 6/1/11 (ETM) | 7,000 | 7,219 |
| Badger Tobacco Asset Securitization Corp. WI | 6.000% | 6/1/12 (Prere.) | 26,580 | 28,879 |
| Badger Tobacco Asset Securitization Corp. WI | 6.125% | 6/1/12 (Prere.) | 51,795 | 55,156 |
| Badger Tobacco Asset Securitization Corp. WI | 6.375% | 6/1/12 (Prere.) | 42,920 | 46,886 |
| Oneida Tribe of Indians WI VRDO | 0.280% | 11/5/10 LOC | 6,380 | 6,380 |
| Racine WI Solid Waste Disposal Rev. (Republic Services Project) VRDO | 0.280% | 11/5/10 LOC | 11,400 | 11,400 |
| Wisconsin GO | 5.000% | 5/1/12 | 2,250 | 2,402 |
| Wisconsin GO | 5.000% | 5/1/14 | 6,490 | 7,385 |
| Wisconsin GO | 5.000% | 5/1/15 | 10,000 | 11,630 |
1 | Wisconsin Health & Educ. Fac. Auth. Rev. (Ascension Health Credit Group) TOB VRDO | 0.280% | 11/5/10 | 6,150 | 6,150 |
| Wisconsin Health & Educ. Fac. Auth. Rev. (Aurora Health Care Inc.) | 5.000% | 4/15/13 | 1,500 | 1,598 |
| Wisconsin Health & Educ. Fac. Auth. Rev. (Aurora Health Care Inc.) | 5.000% | 4/15/15 | 1,500 | 1,622 |
| Wisconsin Health & Educ. Fac. Auth. Rev. (Aurora Health Care Inc.) PUT | 4.750% | 8/15/14 | 8,000 | 8,568 |
| Wisconsin Health & Educ. Fac. Auth. Rev. (Beloit College) VRDO | 0.280% | 11/5/10 LOC | 10,000 | 10,000 |
| Wisconsin Health & Educ. Fac. Auth. Rev. (GoodWill Ind. North Central) VRDO | 0.270% | 11/5/10 LOC | 4,760 | 4,760 |
| Wisconsin Health & Educ. Fac. Auth. Rev. (Luther Hosp.) | 5.000% | 11/15/13 | 1,000 | 1,106 |
| Wisconsin Health & Educ. Fac. Auth. Rev. (Meriter Hosp. Inc.) VRDO | 0.310% | 11/1/10 LOC | 5,000 | 5,000 |
| Wisconsin Health & Educ. Fac. Auth. Rev. (Ministry Health Care) | 4.000% | 8/1/11 (4) | 1,215 | 1,243 |
| Wisconsin Health & Educ. Fac. Auth. Rev. (Ministry Health Care) | 4.000% | 8/1/12 (4) | 1,330 | 1,390 |
| Wisconsin Health & Educ. Fac. Auth. Rev. (Ministry Health Care) | 4.000% | 8/1/13 (4) | 1,320 | 1,403 |
| Wisconsin Health & Educ. Fac. Auth. Rev. (Ministry Health Care) | 5.000% | 8/15/13 | 1,500 | 1,619 |
| Wisconsin Health & Educ. Fac. Auth. Rev. (Ministry Health Care) | 5.000% | 8/15/15 | 1,790 | 1,977 |
| Wisconsin Health & Educ. Fac. Auth. Rev. (Ministry Health Care) | 5.000% | 8/15/16 | 6,115 | 6,753 |
| Wisconsin Health & Educ. Fac. Auth. Rev. (Wheaton Franciscan Services) | 5.750% | 2/15/12 (Prere.) | 5,000 | 5,385 |
| Wisconsin Petroleum Inspection Fee Rev. | 5.000% | 7/1/14 | 5,000 | 5,681 |
| Wisconsin Transp. Rev. | 5.000% | 7/1/11 | 1,000 | 1,031 |
| Wisconsin Transp. Rev. | 5.000% | 7/1/13 (Prere.) | 4,000 | 4,456 |
| | | | | 247,079 |
Total Tax-Exempt Municipal Bonds (Cost $11,605,070) | | | | 11,741,525 |
|
| | | | Shares | |
Temporary Cash Investment (2.3%) | | | | |
Money Market Fund (2.3%) | | | | |
4 | Vanguard Municipal Cash Management Fund (Cost $279,669) | 0.265% | | 279,669,378 | 279,669 |
Total Investments (100.3%) (Cost $11,884,739) | | | | 12,021,194 |
Other Assets and Liabilities (–0.3%) | | | | |
Other Assets | | | | 130,188 |
Liabilities | | | | (162,745) |
| | | | | (32,557) |
Net Assets (100%) | | | | 11,988,637 |
19
| |
Short-Term Tax-Exempt Fund | |
|
|
|
|
At October 31, 2010, net assets consisted of: | |
| Amount |
| ($000) |
Paid-in Capital | 11,862,096 |
Undistributed Net Investment Income | — |
Accumulated Net Realized Losses | (10,775) |
Unrealized Appreciation (Depreciation) | |
Investment Securities | 136,455 |
Futures Contracts | 861 |
Net Assets | 11,988,637 |
|
Investor Shares—Net Assets | |
Applicable to 195,966,579 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,125,747 |
Net Asset Value Per Share—Investor Shares | $15.95 |
|
Admiral Shares—Net Assets | |
Applicable to 555,652,710 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 8,862,890 |
Net Asset Value Per Share—Admiral Shares | $15.95 |
• See Note A in Notes to Financial Statements.
1 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2010, the aggregate value of these securities was $1,408,220,000, representing 11.7% of net assets.
2 Security purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of October 31, 2010.
3 Securities with a value of $3,059,000 have been segregated as initial margin for open futures contracts.
4 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
For key to abbreviations and other references, see back cover.
See accompanying Notes, which are an integral part of the Financial Statements.
20
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Tax-Exempt Municipal Bonds (97.4%) | | | | |
Alabama (0.7%) | | | | |
Alabama Public School & College Auth. | 5.000% | 11/1/11 (Prere.) | 10,000 | 10,474 |
Alabama Public School & College Auth. | 5.000% | 12/1/11 | 7,750 | 8,137 |
Alabama Public School & College Auth. | 5.000% | 12/1/12 | 20,000 | 21,807 |
Alabama Public School & College Auth. | 5.000% | 12/1/13 | 35,840 | 40,341 |
Mobile AL Infirmary Health System Special Care Fac. Financing Auth. Rev. | | | | |
(Infirmary Health System, Inc.) | 5.000% | 2/1/15 | 1,615 | 1,744 |
Mobile AL Infirmary Health System Special Care Fac. Financing Auth. Rev. | | | | |
(Infirmary Health System, Inc.) | 5.000% | 2/1/16 | 3,540 | 3,806 |
Mobile AL Infirmary Health System Special Care Fac. Financing Auth. Rev. | | | | |
(Infirmary Health System, Inc.) | 5.000% | 2/1/17 | 2,475 | 2,645 |
Montgomery AL Baptist Medical Center (Baptist Health) | 0.000% | 11/15/10 (ETM) | 2,130 | 2,135 |
Univ. of Alabama Birmingham Hosp. Rev. | 5.000% | 9/1/15 | 1,005 | 1,106 |
| | | | 92,195 |
Alaska (0.1%) | | | | |
Valdez AK Marine Terminal Rev. (BP Pipeline Project) VRDO | 0.290% | 11/1/10 | 8,700 | 8,700 |
|
Arizona (1.6%) | | | | |
Arizona COP | 5.000% | 9/1/14 (4) | 4,800 | 5,415 |
Arizona COP | 5.000% | 9/1/15 (4) | 4,000 | 4,567 |
Arizona Health Fac. Auth. Rev. (Banner Health) | 5.000% | 1/1/11 | 2,000 | 2,015 |
Arizona Health Fac. Auth. Rev. (Banner Health) | 5.000% | 1/1/12 | 2,000 | 2,084 |
Arizona Health Fac. Auth. Rev. (Catholic Healthcare West) PUT | 5.000% | 7/2/12 | 10,000 | 10,469 |
Arizona School Fac. Board Rev. (State School Improvement) | 5.000% | 1/1/14 | 5,000 | 5,646 |
Arizona School Fac. Board Rev. COP | 5.250% | 9/1/12 (4) | 12,350 | 13,345 |
Arizona School Fac. Board Rev. COP | 5.000% | 9/1/14 | 16,000 | 17,872 |
Arizona School Fac. Board Rev. COP | 5.000% | 9/1/15 | 9,000 | 10,155 |
Arizona School Fac. Board Rev. COP | 5.000% | 9/1/16 (14) | 15,000 | 16,445 |
Arizona Transp. Board Excise Tax Rev. | 5.000% | 7/1/13 | 2,415 | 2,682 |
Arizona Transp. Board Excise Tax Rev. | 5.000% | 7/1/14 | 5,600 | 6,382 |
Arizona Transp. Board Excise Tax Rev. | 5.000% | 7/1/15 | 5,025 | 5,845 |
Arizona Transp. Board Excise Tax Rev. (Maricopa County Regional Area) | 5.000% | 7/1/13 | 7,090 | 7,874 |
Arizona Transp. Board Excise Tax Rev. (Maricopa County Regional Area) | 5.000% | 7/1/14 | 8,055 | 9,179 |
Arizona Transp. Board Excise Tax Rev. (Maricopa County Regional Area) | 5.000% | 7/1/15 | 5,000 | 5,816 |
Arizona Transp. Board Excise Tax Rev. (Maricopa County Regional Area) | 5.000% | 7/1/15 | 5,300 | 6,165 |
Arizona Transp. Board Highway Rev. | 5.000% | 7/1/14 | 9,075 | 10,377 |
Arizona Transp. Board Highway Rev. | 5.000% | 7/1/16 | 7,465 | 8,814 |
Glendale AZ IDA (Midwestern Univ.) | 5.000% | 5/15/14 | 2,775 | 3,041 |
Glendale AZ IDA (Midwestern Univ.) | 5.000% | 5/15/15 | 1,500 | 1,657 |
Glendale AZ IDA (Midwestern Univ.) | 5.000% | 5/15/16 | 1,665 | 1,846 |
Glendale AZ IDA (Midwestern Univ.) | 5.000% | 5/15/17 | 3,115 | 3,453 |
Glendale AZ IDA (Midwestern Univ.) VRDO | 0.280% | 11/5/10 LOC | 5,000 | 5,000 |
Maricopa County AZ Regional Public Transp. Auth. Excise Tax Rev. | 5.000% | 7/1/16 | 2,630 | 3,082 |
Mesa AZ Util. System Rev. | 5.000% | 7/1/14 (14)(Prere.) | 3,500 | 4,031 |
Phoenix AZ Civic Improvement Corp. Airport Rev. | 5.000% | 7/1/12 | 5,075 | 5,421 |
Phoenix AZ Civic Improvement Corp. Airport Rev. | 5.000% | 7/1/13 | 3,660 | 4,038 |
Phoenix AZ Civic Improvement Corp. Airport Rev. | 5.000% | 7/1/15 | 6,000 | 6,859 |
Phoenix AZ Civic Improvement Corp. Airport Rev. | 5.000% | 7/1/16 | 3,055 | 3,519 |
Phoenix AZ Civic Improvement Corp. Rev. | 5.000% | 7/1/11 (14) | 5,215 | 5,363 |
Phoenix AZ Civic Improvement Corp. Water System Rev. | 5.000% | 7/1/12 (14) | 5,000 | 5,369 |
Pima County AZ COP | 5.000% | 6/1/11 | 5,000 | 5,122 |
Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. | 5.000% | 1/1/11 | 12,585 | 12,688 |
Scottsdale AZ Refunding | 5.000% | 7/1/13 | 5,000 | 5,575 |
| | | | 227,211 |
Arkansas (0.1%) | | | | |
Pulaski County AR Health Fac. Board (St. Vincent Infirmary - Catholic Health Initiatives) VRDO | 0.250% | 11/5/10 | 18,900 | 18,900 |
|
California (10.1%) | | | | |
Bay Area CA Infrastructure Financing Auth. Rev. | 5.000% | 8/1/17 (14) | 16,140 | 17,144 |
California GO | 5.000% | 3/1/12 | 10,755 | 11,350 |
California GO | 5.000% | 4/1/12 | 5,000 | 5,293 |
California GO | 5.000% | 5/1/13 | 23,475 | 25,673 |
California GO | 5.000% | 9/1/13 | 32,125 | 35,480 |
California GO | 5.000% | 11/1/13 | 13,695 | 15,198 |
California GO | 5.000% | 8/1/14 | 1,970 | 2,210 |
California GO | 5.000% | 4/1/15 | 21,300 | 24,083 |
California GO | 5.000% | 6/1/15 | 3,250 | 3,653 |
California GO | 5.000% | 6/1/15 (14) | 5,100 | 5,783 |
California GO | 5.000% | 3/1/16 (14) | 6,510 | 7,253 |
California GO | 5.000% | 5/1/16 | 2,150 | 2,418 |
21
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
California GO | 5.000% | 10/1/16 | 28,605 | 32,866 |
California GO | 5.000% | 11/1/16 (2) | 5,375 | 6,182 |
California GO | 6.000% | 2/1/17 (2) | 3,500 | 4,193 |
California GO | 5.000% | 3/1/17 | 3,755 | 4,296 |
California GO | 5.000% | 3/1/17 (14) | 1,300 | 1,460 |
California GO | 5.000% | 4/1/17 | 2,755 | 3,155 |
California GO | 5.000% | 10/1/17 | 20,000 | 23,006 |
California GO | 5.000% | 10/1/17 | 4,005 | 4,607 |
California Health Fac. Finance Auth. Rev. (Sutter Health) | 5.000% | 8/15/12 | 5,000 | 5,324 |
California Health Fac. Finance Auth. Rev. (Sutter Health) | 5.000% | 8/15/13 | 2,210 | 2,412 |
California Health Fac. Finance Auth. Rev. (Sutter Health) | 5.000% | 8/15/14 | 5,000 | 5,556 |
California Health Fac. Financing Auth. Rev. (Catholic Healthcare West) | 5.000% | 7/1/14 | 3,000 | 3,308 |
California Health Fac. Financing Auth. Rev. (Catholic Healthcare West) PUT | 5.000% | 7/1/14 | 23,180 | 26,121 |
California Health Fac. Financing Auth. Rev. (Cedars-Sinai Medical Center) | 5.000% | 11/15/10 | 2,000 | 2,003 |
California Health Fac. Financing Auth. Rev. (Cedars-Sinai Medical Center) | 5.000% | 11/15/12 | 3,000 | 3,216 |
California Health Fac. Financing Auth. Rev. (St. Joseph Health System) PUT | 5.000% | 10/16/14 | 20,000 | 22,269 |
California Health Fac. Financing Auth. Rev. (St. Joseph Health System) PUT | 5.000% | 10/18/16 | 20,000 | 22,721 |
California Health Fac. Financing Auth. Rev. (Stanford Hosp.) PUT | 3.450% | 6/15/11 | 7,000 | 7,133 |
California Infrastructure & Econ. Dev. Bank Rev. | 5.000% | 2/1/12 | 5,000 | 5,236 |
California Infrastructure & Econ. Dev. Bank Rev. (Independent System Operator) | 5.000% | 2/1/11 | 10,000 | 10,097 |
California Infrastructure & Econ. Dev. Bank Rev. (J. Paul Getty Trust) PUT | 1.650% | 4/1/11 | 6,500 | 6,532 |
California Muni. Financing Auth. COP (Community Hosp. of Central California) | 5.000% | 2/1/16 | 2,450 | 2,608 |
California PCR Financing Auth. COP | 5.000% | 2/1/14 | 1,230 | 1,306 |
California Pollution Control Finance Auth. Environmental Improvement Rev. | | | | |
(BP West Coast Products) PUT | 2.600% | 9/2/14 | 4,000 | 4,060 |
California Public Works Board Lease Rev. | 5.000% | 11/1/15 | 5,295 | 5,826 |
California Public Works Board Lease Rev. (Regents of the Univ. of California) | 5.000% | 6/1/15 (14) | 10,000 | 11,482 |
California Public Works Board Lease Rev. (Univ. of California) | 5.000% | 5/1/11 | 3,770 | 3,854 |
California Public Works Board Lease Rev. (Univ. of California) | 5.000% | 5/1/12 | 2,500 | 2,659 |
California Public Works Board Lease Rev. (Univ. of California) | 5.000% | 5/1/13 | 7,500 | 8,241 |
California State Dept. of Water Resources Power Supply Rev. | 5.500% | 5/1/12 (Prere.) | 10,955 | 11,896 |
California State Dept. of Water Resources Power Supply Rev. | 5.500% | 5/1/12 (2)(Prere.) | 3,000 | 3,258 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/14 | 30,000 | 33,723 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/15 | 40,000 | 45,897 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/15 | 13,750 | 15,777 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/16 | 12,055 | 13,991 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/17 | 22,000 | 25,658 |
California State Econ. Recovery Bonds | 5.250% | 1/1/11 (ETM) | 11,250 | 11,347 |
California State Econ. Recovery Bonds | 5.250% | 1/1/11 | 1,390 | 1,401 |
California State Econ. Recovery Bonds | 5.250% | 7/1/13 | 2,500 | 2,789 |
California State Econ. Recovery Bonds | 5.250% | 7/1/14 (14) | 2,500 | 2,847 |
California State Econ. Recovery Bonds | 5.250% | 7/1/14 (ETM) | 3,390 | 3,927 |
California State Econ. Recovery Bonds | 5.250% | 7/1/14 | 11,610 | 13,222 |
California State Econ. Recovery Bonds | 5.000% | 7/1/16 | 1,500 | 1,750 |
California State Econ. Recovery Bonds PUT | 5.000% | 7/1/11 (Prere.) | 12,000 | 12,384 |
California Statewide Communities Dev. Auth. PCR (Southern California Edison) PUT | 4.100% | 4/1/13 (10) | 5,000 | 5,330 |
California Statewide Communities Dev. Auth. Rev. | 5.000% | 6/15/13 | 45,000 | 49,059 |
California Statewide Communities Dev. Auth. Rev. (Kaiser Permanente) | 5.000% | 4/1/14 | 15,000 | 16,626 |
California Statewide Communities Dev. Auth. Rev. (Kaiser Permanente) PUT | 3.450% | 5/1/11 | 15,335 | 15,562 |
California Statewide Communities Dev. Auth. Rev. (Kaiser Permanente) PUT | 3.850% | 6/1/12 | 10,000 | 10,401 |
California Statewide Communities Dev. Auth. Rev. (Presbyterian Homes) | 5.250% | 11/15/14 | 1,075 | 1,114 |
1 California Statewide Communities Dev. Auth. Rev. (Sutter Health) TOB VRDO | 0.280% | 11/5/10 | 8,400 | 8,400 |
Central Valley CA Financing Auth. Cogeneration Project Rev. (Carson Ice) | 5.000% | 7/1/15 | 750 | 848 |
Central Valley CA Financing Auth. Cogeneration Project Rev. (Carson Ice) | 5.000% | 7/1/16 | 805 | 919 |
Desert Sands CA School Dist. | 0.000% | 6/1/12 (2) | 10,000 | 9,784 |
1 East Bay CA Muni. Util. Dist. Water System Rev. TOB VRDO | 0.280% | 11/5/10 (4) | 11,530 | 11,530 |
Foothill/Eastern Corridor Agency California Toll Road Rev. | 0.000% | 1/1/15 (ETM) | 18,535 | 17,625 |
Foothill/Eastern Corridor Agency California Toll Road Rev. | 5.000% | 1/15/16 (14) | 8,400 | 8,404 |
Golden State Tobacco Securitization Corp. California | 5.000% | 6/1/11 | 8,000 | 8,100 |
Golden State Tobacco Securitization Corp. California | 5.000% | 6/1/12 | 10,000 | 10,325 |
Golden State Tobacco Securitization Corp. California | 5.000% | 6/1/13 | 5,655 | 5,906 |
Golden State Tobacco Securitization Corp. California | 5.500% | 6/1/13 (Prere.) | 37,210 | 41,768 |
Golden State Tobacco Securitization Corp. California | 5.625% | 6/1/13 (Prere.) | 21,410 | 24,101 |
Golden State Tobacco Securitization Corp. California | 6.250% | 6/1/13 (Prere.) | 57,765 | 63,975 |
Golden State Tobacco Securitization Corp. California | 6.750% | 6/1/13 (Prere.) | 30,000 | 34,635 |
Golden State Tobacco Securitization Corp. California | 7.900% | 6/1/13 (Prere.) | 20,000 | 23,658 |
1 Los Angeles CA Dept. of Water & Power Rev. TOB VRDO | 0.280% | 11/5/10 (4) | 4,000 | 4,000 |
Los Angeles CA USD GO | 5.000% | 7/1/14 | 31,995 | 36,116 |
Los Angeles CA USD GO | 5.000% | 7/1/14 | 5,725 | 6,462 |
Los Angeles CA USD GO | 5.000% | 7/1/15 | 20,000 | 22,971 |
Los Angeles CA USD GO | 5.000% | 7/1/15 | 14,510 | 16,666 |
Los Angeles CA USD GO | 5.000% | 7/1/15 | 10,240 | 11,761 |
22
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Los Angeles CA USD GO | 5.000% | 7/1/15 | 4,200 | 4,824 |
Los Angeles CA USD GO | 5.000% | 7/1/16 | 19,595 | 22,800 |
1 Los Angeles CA USD GO TOB VRDO | 0.280% | 11/5/10 (4) | 22,500 | 22,500 |
Los Angeles CA Wastewater System Rev. | 5.000% | 6/1/13 | 11,205 | 12,415 |
Los Angeles County CA Metro. Transp. Auth. Sales Tax Rev. | 5.000% | 7/1/16 | 22,315 | 26,320 |
Los Angeles County CA Metro. Transp. Auth. Sales Tax Rev. | 5.000% | 7/1/16 | 5,000 | 5,915 |
Los Angeles County CA Public Works Financing Auth. Rev. | 5.000% | 12/1/12 (14) | 7,710 | 8,290 |
Los Angeles County CA TRAN | 2.000% | 6/30/11 | 25,000 | 25,250 |
Newport Beach CA Rev. (Hoag Memorial Hosp.) PUT | 5.000% | 2/7/13 | 8,490 | 9,203 |
Northern California Power Agency (Hydroelectric Project) | 5.000% | 7/1/14 (12) | 2,760 | 3,108 |
Northern California Power Agency (Hydroelectric Project) | 5.000% | 7/1/15 (12) | 4,000 | 4,585 |
Northern California Power Agency Rev. | 4.000% | 7/1/15 | 3,000 | 3,238 |
Orange County CA Airport Rev. | 5.000% | 7/1/16 | 3,435 | 3,971 |
Orange County CA Public Financing Lease Rev. | 5.000% | 7/1/12 (14) | 3,165 | 3,389 |
Palomar Pomerado Health System California COP | 4.500% | 11/1/15 | 2,265 | 2,382 |
Palomar Pomerado Health System California COP | 5.000% | 11/1/16 | 3,500 | 3,764 |
Sacramento CA Cogeneration Auth. Rev. | 5.000% | 7/1/13 | 750 | 827 |
Sacramento CA Cogeneration Auth. Rev. | 5.000% | 7/1/15 | 700 | 799 |
Sacramento CA Cogeneration Auth. Rev. | 5.000% | 7/1/16 | 1,000 | 1,152 |
Sacramento County CA Airport Rev. | 5.000% | 7/1/13 | 7,200 | 7,899 |
Sacramento County CA Airport Rev. | 5.000% | 7/1/14 | 6,615 | 7,409 |
Sacramento County CA Airport Rev. | 5.000% | 7/1/15 | 8,245 | 9,339 |
San Bernardino County CA Medical Center COP (Arrowhead Project) | 5.000% | 8/1/13 | 3,290 | 3,558 |
San Bernardino County CA Medical Center COP (Arrowhead Project) | 5.000% | 8/1/15 | 3,000 | 3,297 |
San Bernardino County CA Medical Center COP (Arrowhead Project) | 5.000%�� | 8/1/16 | 5,445 | 5,985 |
San Diego CA Public Fac. Financing Auth. Sewer Rev. | 5.000% | 5/15/16 | 11,840 | 13,833 |
San Diego CA Public Fac. Financing Auth. Sewer Rev. | 5.000% | 5/15/16 | 14,000 | 16,356 |
1 San Diego County CA Water Auth. Rev. TOB VRDO | 0.290% | 11/5/10 (4) | 6,500 | 6,500 |
San Francisco CA City & County International Airport Rev. | 5.000% | 5/1/15 (4) | 5,000 | 5,699 |
San Francisco CA City & County International Airport Rev. | 5.000% | 5/1/16 | 9,120 | 10,555 |
San Francisco CA City & County International Airport Rev. | 5.000% | 5/1/17 | 16,555 | 19,254 |
Santa Clara Valley CA Transp. Auth. Sales Tax Rev. VRDO | 0.290% | 11/5/10 | 7,275 | 7,275 |
1 Sonoma County CA (Jr. College Dist.) TOB VRDO | 0.290% | 11/5/10 (4) | 3,440 | 3,440 |
Southern California Public Power Auth. Rev. (Transmission Project) VRDO | 0.280% | 11/5/10 (4) | 40,000 | 40,000 |
Southern California Public Power Auth. Rev. (Transmission Project) VRDO | 0.280% | 11/5/10 (2)LOC | 10,000 | 10,000 |
Univ. of California Rev. | 5.000% | 5/15/11 (14) | 2,500 | 2,563 |
Univ. of California Rev. | 5.000% | 5/15/12 (14) | 3,000 | 3,206 |
1 Univ. of California Rev. TOB VRDO | 0.280% | 11/5/10 (4) | 4,600 | 4,600 |
Ventura County CA COP Public Finance Auth. | 5.000% | 8/15/16 | 2,750 | 3,155 |
| | | | 1,411,835 |
Colorado (1.0%) | | | | |
Colorado Dept. of Transp. Rev. | 5.000% | 12/15/15 (14) | 3,000 | 3,528 |
Colorado Health Fac. Auth. Rev. | 5.000% | 1/1/16 | 3,165 | 3,538 |
Colorado Health Fac. Auth. Rev. | 5.000% | 1/1/16 | 6,415 | 7,172 |
Colorado Health Fac. Auth. Rev. | 5.000% | 1/1/17 | 3,715 | 4,151 |
Colorado Health Fac. Auth. Rev. | 5.000% | 1/1/17 | 7,920 | 8,849 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) | 5.500% | 9/1/11 (ETM) | 7,775 | 8,110 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) | 5.000% | 7/1/16 | 5,000 | 5,685 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) VRDO | 0.250% | 11/5/10 | 20,000 | 20,000 |
Colorado Health Fac. Auth. Rev. (Sisters of Charity Health System Inc.) VRDO | 0.250% | 11/5/10 | 20,315 | 20,315 |
Denver CO City & County Airport Rev. | 5.000% | 11/15/14 | 1,840 | 2,084 |
Denver CO City & County Airport Rev. | 5.000% | 11/15/16 | 2,500 | 2,885 |
E-470 Public Highway Auth. Colorado Rev. PUT | 5.000% | 9/2/13 (14) | 11,485 | 12,200 |
Jefferson County CO School Dist. GO | 5.000% | 12/15/12 (2) | 3,500 | 3,825 |
Regional Transp. Dist. of Colorado Sales Tax Rev. | 5.000% | 11/1/16 (2)(Prere.) | 22,500 | 26,968 |
Univ. of Colorado Hosp. Auth. Rev. | 5.000% | 11/15/13 | 1,960 | 2,098 |
Univ. of Colorado Hosp. Auth. Rev. | 5.000% | 11/15/14 | 1,000 | 1,082 |
Univ. of Colorado Hosp. Auth. Rev. | 5.000% | 11/15/16 | 1,290 | 1,390 |
| | | | 133,880 |
Connecticut (1.4%) | | | | |
Connecticut GO | 5.500% | 12/15/11 | 5,435 | 5,749 |
Connecticut GO | 5.000% | 4/1/12 (14) | 9,190 | 9,777 |
Connecticut GO | 5.000% | 3/15/13 | 10,000 | 11,019 |
Connecticut GO | 5.000% | 12/1/13 (14) | 3,930 | 4,439 |
Connecticut GO | 5.000% | 1/1/14 | 18,250 | 20,591 |
Connecticut GO | 5.000% | 1/1/15 | 14,610 | 16,888 |
Connecticut GO | 5.250% | 11/1/15 | 1,000 | 1,190 |
Connecticut GO | 5.000% | 1/1/16 | 30,000 | 35,304 |
Connecticut GO | 5.000% | 3/1/16 | 4,705 | 5,555 |
Connecticut GO | 5.000% | 5/1/16 | 10,000 | 11,843 |
Connecticut Special Tax Obligation Rev. (Transp. Infrastructure) | 5.000% | 2/1/14 | 5,270 | 5,922 |
23
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Connecticut Special Tax Obligation Rev. (Transp. Infrastructure) | 5.000% | 2/1/16 | 5,195 | 6,043 |
Connecticut Special Tax Obligation Rev. (Transp. Infrastructure) | 5.250% | 7/1/16 (2) | 7,645 | 9,056 |
Connecticut State Health & Educ. Fac. Auth. (Stamford Hosp.) | 5.000% | 7/1/15 | 1,975 | 2,175 |
Connecticut State Health & Educ. Fac. Auth. (Stamford Hosp.) | 5.000% | 7/1/16 | 5,085 | 5,601 |
Connecticut State Health & Educ. Fac. Auth. (Stamford Hosp.) | 5.000% | 7/1/17 | 2,365 | 2,594 |
1 Connecticut State Health & Educ. Fac. Auth. (Yale Univ.) TOB VRDO | 0.280% | 11/1/10 | 5,980 | 5,980 |
Connecticut State Health & Educ. Fac. Auth. Rev. (Yale Univ.) PUT | 4.000% | 2/7/13 | 6,625 | 7,119 |
Connecticut State Health & Educ. Fac. Auth. Rev. (Yale Univ.) PUT | 5.000% | 2/12/15 | 20,810 | 24,062 |
| | | | 190,907 |
Delaware (0.2%) | | | | |
Delaware GO | 5.000% | 1/1/13 | 9,450 | 10,359 |
Delaware GO | 5.000% | 8/1/14 (Prere.) | 5,000 | 5,753 |
Delaware Transp. Auth. Transp. System Rev. | 5.000% | 7/1/14 | 4,070 | 4,665 |
Delaware Transp. Auth. Transp. System Rev. | 5.000% | 7/1/16 | 4,485 | 5,325 |
| | | | 26,102 |
District of Columbia (0.9%) | | | | |
District of Columbia GO | 5.000% | 6/1/11 (4) | 2,500 | 2,568 |
District of Columbia GO | 5.000% | 6/1/12 (4) | 2,500 | 2,673 |
District of Columbia GO | 5.000% | 6/1/13 (14)(Prere.) | 4,900 | 5,437 |
District of Columbia GO | 5.000% | 6/1/13 (4) | 4,000 | 4,424 |
District of Columbia GO | 5.000% | 6/1/15 (14) | 5,000 | 5,462 |
1 District of Columbia GO TOB VRDO | 0.290% | 11/5/10 (13) | 10,005 | 10,005 |
District of Columbia Income Tax Rev. | 5.000% | 12/1/18 | 5,500 | 6,555 |
1 District of Columbia Income Tax Rev. TOB VRDO | 0.280% | 11/5/10 | 8,000 | 8,000 |
District of Columbia Rev. (American College of Cardiology) VRDO | 0.650% | 11/5/10 LOC | 39,200 | 39,200 |
District of Columbia Rev. (George Washington Univ.) VRDO | 0.260% | 11/5/10 LOC | 14,935 | 14,935 |
District of Columbia Rev. (Washington Drama Society) VRDO | 0.260% | 11/5/10 LOC | 13,900 | 13,900 |
Washington DC Metro. Area Transit Auth. Rev. | 5.000% | 7/1/13 | 3,000 | 3,328 |
Washington DC Metro. Area Transit Auth. Rev. | 5.000% | 7/1/15 | 3,375 | 3,914 |
| | | | 120,401 |
Florida (6.2%) | | | | |
Alachua County FL Health Fac. Auth. Rev. (Shands Healthcare Project) | 5.000% | 12/1/14 | 4,390 | 4,748 |
Alachua County FL Health Fac. Auth. Rev. (Shands Healthcare Project) | 5.000% | 12/1/15 | 5,000 | 5,403 |
Broward County FL Resource Recovery Rev. (Wheelabrator-South) | 5.375% | 12/1/10 | 4,900 | 4,919 |
Broward County FL Resource Recovery Rev. (Wheelabrator-South) | 4.500% | 12/1/11 | 5,900 | 5,918 |
Broward County FL School Board COP | 5.000% | 7/1/11 (2) | 4,460 | 4,585 |
1 Broward County FL Water & Sewer Util. Rev. TOB VRDO | 0.280% | 11/5/10 | 5,665 | 5,665 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.000% | 3/1/11 (14) | 10,000 | 10,144 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.000% | 6/1/11 | 25,000 | 25,618 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.000% | 3/1/12 (14) | 15,000 | 15,620 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.500% | 6/1/14 | 15,000 | 16,242 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.000% | 3/1/15 (14) | 11,000 | 11,796 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.000% | 6/1/15 | 40,000 | 42,970 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.000% | 6/1/16 | 15,000 | 16,081 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.250% | 6/1/17 | 15,000 | 16,191 |
Clay County FL Sales Surtax Rev. | 5.000% | 10/1/13 (12) | 7,025 | 7,800 |
1 Duval County FL School Board COP TOB VRDO | 0.290% | 11/5/10 (4) | 13,695 | 13,695 |
Escambia County FL Solid Waste Disposal System Rev. (Gulf Power Company Project) PUT | 2.000% | 4/3/12 | 5,000 | 5,035 |
Escambia County FL Solid Waste Disposal System Rev. (Gulf Power Company Project) PUT | 1.750% | 6/15/12 | 5,500 | 5,524 |
Florida Board of Educ. Public Educ. | 5.000% | 1/1/11 | 6,810 | 6,863 |
Florida Board of Educ. Public Educ. | 5.000% | 1/1/11 | 25,080 | 25,276 |
Florida Board of Educ. Public Educ. | 5.000% | 1/1/12 | 27,730 | 29,149 |
Florida Board of Educ. Public Educ. | 5.000% | 6/1/16 | 5,065 | 5,594 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/14 | 4,225 | 4,793 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/12 | 7,630 | 8,173 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/13 | 8,010 | 8,866 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/14 | 8,410 | 9,522 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/15 (14) | 9,555 | 11,007 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/15 | 8,830 | 10,172 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/16 | 7,500 | 8,736 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/17 | 2,500 | 2,927 |
1 Florida Board of Educ. TOB VRDO | 0.280% | 11/5/10 | 4,000 | 4,000 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.250% | 7/1/12 | 20,000 | 21,472 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/13 | 5,820 | 6,432 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/14 | 6,110 | 6,909 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/15 | 6,415 | 7,362 |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.250% | 7/1/12 | 37,600 | 39,631 |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.000% | 7/1/14 | 22,000 | 23,853 |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.000% | 7/1/15 | 20,000 | 21,964 |
Florida Keys Aqueduct Auth. Rev. VRDO | 0.230% | 11/5/10 LOC | 10,500 | 10,500 |
Florida Muni. Power Agency Rev. | 5.000% | 10/1/15 | 2,135 | 2,392 |
24
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Florida Muni. Power Agency Rev. | 5.000% | 10/1/16 | 3,290 | 3,706 |
Florida Rural Util. Financing Comm. Rev. | 3.500% | 11/1/11 | 5,930 | 5,970 |
Florida Turnpike Auth. Rev. | 5.000% | 7/1/15 (4) | 5,000 | 5,505 |
Florida Turnpike Auth. Rev. | 5.000% | 7/1/16 | 3,480 | 4,080 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/14 | 2,000 | 2,256 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/16 | 2,000 | 2,256 |
Highlands County FL Health Rev. (Adventist Health System) VRDO | 0.280% | 11/5/10 LOC | 10,675 | 10,675 |
Hillsborough County FL Aviation Auth. Rev. (Tampa International Airport) | 5.000% | 10/1/14 | 2,000 | 2,261 |
Hillsborough County FL Aviation Auth. Rev. (Tampa International Airport) | 5.000% | 10/1/16 | 2,505 | 2,887 |
Hillsborough County FL IDA Rev. (Tampa Electric Co. Project) PUT | 5.150% | 9/1/13 | 8,000 | 8,674 |
Hillsborough County FL School Board COP (Master Lease Program) VRDO | 0.300% | 11/1/10 (14)LOC | 1,200 | 1,200 |
Jacksonville FL Captial Project Rev. VRDO | 0.650% | 11/5/10 LOC | 9,595 | 9,595 |
Jacksonville FL Electric Auth. Electric System Rev. | 5.000% | 10/1/16 | 4,675 | 5,464 |
Jacksonville FL Electric Auth. Electric System Rev. | 5.000% | 10/1/16 | 1,500 | 1,731 |
Jacksonville FL Electric Auth. Electric System Rev. | 5.000% | 10/1/17 | 1,000 | 1,155 |
Jacksonville FL Electric Auth. Electric System Rev. VRDO | 0.280% | 11/5/10 | 9,660 | 9,660 |
Jacksonville FL Electric Auth. Water & Sewer Rev. | 5.000% | 10/1/11 | 2,060 | 2,067 |
Jacksonville FL Electric Auth. Water & Sewer Rev. VRDO | 0.250% | 11/5/10 | 7,050 | 7,050 |
Jacksonville FL Excise Taxes Rev. | 5.000% | 10/1/13 | 1,185 | 1,317 |
Jacksonville FL Excise Taxes Rev. | 5.000% | 10/1/16 | 1,185 | 1,369 |
Kissimmee FL Util. Auth. Electric System Rev. | 5.250% | 10/1/16 (4) | 3,750 | 4,378 |
Miami-Dade County FL Health Fac. Auth. Hosp. Rev. PUT | 4.550% | 8/1/13 (14) | 5,000 | 5,267 |
Miami-Dade County FL Health Fac. Auth. Rev. (Miami Childrens Hosp.) VRDO | 0.270% | 11/5/10 LOC | 19,400 | 19,400 |
Miami-Dade County FL School Board COP | 5.000% | 5/1/15 (12) | 4,000 | 4,544 |
Miami-Dade County FL School Board COP PUT | 5.000% | 5/1/11 (14) | 15,000 | 15,270 |
1 Miami-Dade County FL Special Obligation TOB VRDO | 0.300% | 11/1/10 LOC | 10,335 | 10,335 |
Orange County FL Health Fac. Auth. Rev. (Nemours Foundation Project) VRDO | 0.290% | 11/5/10 LOC | 23,000 | 23,000 |
Orange County FL Health Fac. Rev. (Orlando Health Inc.) | 5.000% | 10/1/16 | 1,000 | 1,090 |
Orange County FL Tourist Dev. Rev. | 5.000% | 10/1/14 | 8,715 | 9,823 |
Orange County FL Tourist Dev. Rev. | 5.000% | 10/1/16 | 16,260 | 18,641 |
Orlando FL Util. Comm. Util. System Rev. | 5.000% | 10/1/15 | 3,500 | 4,082 |
Orlando FL Util. Comm. Util. System Rev. | 5.000% | 10/1/15 | 3,365 | 3,924 |
Orlando FL Util. Comm. Util. System Rev. | 5.000% | 10/1/16 | 5,250 | 6,192 |
Orlando FL Util. Comm. Util. System Rev. | 5.000% | 10/1/17 | 3,000 | 3,550 |
Palm Beach County FL Airport System Rev. | 5.750% | 10/1/14 (14)(ETM) | 2,060 | 2,428 |
Palm Beach County FL Criminal Justice Fac. Rev. | 7.200% | 6/1/14 (14) | 16,300 | 19,583 |
Palm Beach County FL School Board COP | 5.375% | 8/1/12 (4)(Prere.) | 4,430 | 4,810 |
Palm Beach County FL School Board COP | 5.375% | 8/1/12 (4)(Prere.) | 8,190 | 8,892 |
Palm Beach County FL School Board COP | 5.375% | 8/1/12 (4)(Prere.) | 4,500 | 4,886 |
South Broward FL Hosp. Dist. Rev. | 5.625% | 5/1/12 (Prere.) | 9,000 | 9,771 |
South Florida Water Management Dist. | 5.000% | 10/1/11 (2) | 7,100 | 7,359 |
South Florida Water Management Dist. | 5.000% | 10/1/12 (2) | 2,150 | 2,306 |
South Miami FL Health Fac. Auth. Hosp. Rev. (Baptist Health South Florida Obligated Group) | 5.000% | 8/15/11 | 4,990 | 5,144 |
South Miami FL Health Fac. Auth. Hosp. Rev. (Baptist Health South Florida Obligated Group) | 5.000% | 8/15/12 | 3,000 | 3,182 |
South Miami FL Health Fac. Auth. Hosp. Rev. (Baptist Health South Florida Obligated Group) | 5.250% | 2/1/13 (Prere.) | 7,755 | 8,545 |
South Miami FL Health Fac. Auth. Hosp. Rev. (Baptist Health South Florida Obligated Group) | 5.500% | 2/1/13 (Prere.) | 10,000 | 11,075 |
South Miami FL Health Fac. Auth. Hosp. Rev. (Baptist Health South Florida Obligated Group) | 5.000% | 8/15/13 | 2,500 | 2,725 |
Tampa FL Rev. (Baycare Health System) | 5.000% | 11/15/16 | 3,000 | 3,375 |
Univ. Athletic Assn. Inc. Florida Athletic Program Rev. PUT | 3.800% | 10/1/11 LOC | 4,000 | 4,099 |
Univ. of South Florida Financing Corp. VRDO | 0.270% | 11/5/10 LOC | 52,475 | 52,475 |
| | | | 862,576 |
Georgia (2.4%) | | | | |
Atlanta GA Water & Wastewater Rev. | 5.000% | 11/1/14 | 5,000 | 5,607 |
Atlanta GA Water & Wastewater Rev. | 5.000% | 11/1/16 | 9,385 | 10,640 |
Burke County GA Dev. Auth. PCR (Georgia Power Co. Plant Vogtle) PUT | 3.750% | 1/12/12 | 5,000 | 5,149 |
Burke County GA Dev. Auth. PCR (Georgia Power Co. Plant Vogtle) PUT | 3.750% | 1/12/12 | 10,000 | 10,298 |
Burke County GA Dev. Auth. PCR (Georgia Power Co. Plant Vogtle) PUT | 5.050% | 1/12/12 | 11,000 | 11,498 |
Burke County GA Dev. Auth. PCR (Oglethorpe Power Corp.) PUT | 4.750% | 4/1/11 (14) | 14,500 | 14,729 |
Cobb County GA Hosp. Auth. Rev. Antic Certificates (Equipment Pool Project) VRDO | 0.280% | 11/5/10 LOC | 8,000 | 8,000 |
Fulton County GA Water & Sewer Rev. | 5.250% | 1/1/14 (14) | 10,000 | 10,037 |
Gainesville & Hall County GA Dev. Auth. Rev. (Hall County Sewage Fac. Project) VRDO | 0.350% | 11/5/10 LOC | 7,000 | 7,000 |
Georgia GO | 5.250% | 12/1/10 | 6,775 | 6,805 |
Georgia GO | 5.000% | 8/1/11 | 17,890 | 18,528 |
Georgia GO | 5.000% | 10/1/11 | 3,810 | 3,975 |
Georgia GO | 3.500% | 1/1/13 | 8,315 | 8,844 |
Georgia GO | 5.000% | 4/1/13 | 10,815 | 11,960 |
2 Georgia GO | 5.500% | 7/1/14 | 4,000 | 4,666 |
Georgia GO | 4.000% | 1/1/15 | 2,000 | 2,238 |
Georgia GO | 5.500% | 7/1/15 | 19,095 | 22,872 |
Georgia GO | 5.000% | 7/1/16 | 5,000 | 5,963 |
Georgia GO | 5.000% | 7/1/16 | 9,500 | 11,330 |
Georgia GO | 5.000% | 7/1/16 | 20,000 | 23,852 |
25
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Georgia GO | 5.500% | 7/1/16 | 5,000 | 5,787 |
Georgia GO | 5.000% | 10/1/16 | 1,910 | 2,287 |
Georgia Road & Tollway Auth. Rev. | 5.000% | 6/1/14 | 16,000 | 18,188 |
Georgia Road & Tollway Auth. Rev. (Governor’s Transp. Choices) | 5.375% | 3/1/13 | 5,260 | 5,596 |
Georgia Road & Tollway Auth. Rev. GAN | 5.000% | 6/1/13 (4) | 4,885 | 5,421 |
Gwinnett County GA School Dist. GO | 5.000% | 2/1/12 | 10,000 | 10,578 |
Gwinnett County GA School Dist. GO | 5.000% | 2/1/13 | 10,000 | 10,993 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/12 | 12,000 | 12,488 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/12 | 15,000 | 15,602 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/16 | 10,310 | 11,022 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/17 | 6,910 | 7,548 |
Muni. Electric Auth. Georgia Rev. | 5.000% | 1/1/16 | 5,285 | 6,043 |
Muni. Electric Auth. Georgia Rev. (General Resolution Projects) | 5.000% | 1/1/15 | 2,060 | 2,328 |
Muni. Electric Auth. Georgia Rev. (Project One Sub) | 5.000% | 1/1/14 | 4,995 | 5,546 |
Muni. Electric Auth. Georgia Rev. (Project One Sub) | 5.000% | 1/1/15 | 3,685 | 4,165 |
Paulding County GA School Dist. GO | 5.000% | 8/1/11 | 1,000 | 1,035 |
Private Colleges & Univ. Auth. of Georgia Rev. (Emory Univ.) | 5.000% | 9/1/11 | 10,000 | 10,391 |
Savannah GA Econ. Dev. Auth. PCR | 5.100% | 8/1/14 | 3,000 | 3,255 |
| | | | 342,264 |
Hawaii (0.6%) | | | | |
Hawaii GO | 5.000% | 7/1/11 (2) | 24,310 | 25,078 |
Hawaii GO | 5.000% | 7/1/12 (2) | 23,735 | 25,512 |
Hawaii Highway Rev. | 5.375% | 7/1/11 (4)(Prere.) | 5,125 | 5,301 |
Honolulu HI City & County GO | 5.000% | 7/1/11 (14) | 4,750 | 4,901 |
Honolulu HI City & County GO | 5.250% | 7/1/11 (14) | 3,900 | 4,030 |
Honolulu HI City & County GO | 5.000% | 7/1/12 (14) | 4,320 | 4,646 |
State of Hawaii | 5.000% | 6/1/16 (ETM) | 3,115 | 3,714 |
State of Hawaii | 5.000% | 6/1/16 | 13,920 | 16,428 |
| | | | 89,610 |
Idaho (0.0%) | | | | |
Idaho Housing & Finance Assn. RAN | 5.000% | 7/15/13 | 4,070 | 4,507 |
|
Illinois (3.0%) | | | | |
Chicago IL Board of Educ. Capital Appreciation (School Reform) | 0.000% | 12/1/11 (14) | 5,185 | 5,114 |
Chicago IL Board of Educ. Capital Appreciation (School Reform) | 0.000% | 12/1/13 (14) | 13,400 | 12,628 |
Chicago IL Board of Educ. GO | 0.000% | 12/1/10 (14) | 4,000 | 3,996 |
3 Chicago IL Board of Educ. GO | 5.000% | 12/1/14 | 1,545 | 1,744 |
3 Chicago IL Board of Educ. GO | 5.000% | 12/1/16 | 2,500 | 2,858 |
Chicago IL GO | 5.000% | 1/1/14 (4)(Prere.) | 4,135 | 4,667 |
Chicago IL GO | 5.000% | 1/1/14 (4) | 37,590 | 41,650 |
Chicago IL GO | 5.500% | 1/1/16 (4) | 6,070 | 7,083 |
Chicago IL O’Hare International Airport Rev. | 5.000% | 1/1/12 (4) | 2,500 | 2,608 |
Chicago IL O’Hare International Airport Rev. | 5.000% | 1/1/13 (4) | 4,200 | 4,514 |
Chicago IL O’Hare International Airport Rev. | 5.000% | 1/1/14 (4) | 4,035 | 4,434 |
1 Chicago IL O’Hare International Airport Rev. TOB VRDO | 0.290% | 11/5/10 LOC | 24,225 | 24,225 |
Du Page & Will Counties IL Community School Dist. GO | 5.500% | 12/30/11 (Prere.) | 4,725 | 5,010 |
1 Illinois Educ. Fac. Auth. Rev. (Northwestern Univ.) TOB VRDO | 0.280% | 11/5/10 | 6,935 | 6,935 |
Illinois Educ. Fac. Auth. Rev. (Univ. of Chicago) PUT | 3.375% | 2/3/14 | 5,000 | 5,319 |
Illinois Educ. Fac. Auth. Rev. (Univ. of Chicago) PUT | 1.875% | 2/12/15 | 5,000 | 5,067 |
Illinois Finance Auth. Gas Supply Rev. (Peoples Gas Light & Coke) PUT | 2.125% | 7/1/14 | 2,875 | 2,894 |
Illinois Finance Auth. Gas Supply Rev. (Peoples Gas Light & Coke) PUT | 2.625% | 8/1/15 | 2,500 | 2,489 |
Illinois Finance Auth. Rev. (Advocate Health Care) PUT | 3.875% | 5/1/12 | 5,000 | 5,116 |
Illinois Finance Auth. Rev. (Advocate Health) VRDO | 0.270% | 11/5/10 | 23,625 | 23,625 |
Illinois Finance Auth. Rev. (Art Institute of Chicago) | 5.000% | 3/1/15 | 10,000 | 11,303 |
Illinois Finance Auth. Rev. (Childrens Memorial Hosp.) | 5.250% | 8/15/16 | 4,270 | 4,626 |
Illinois Finance Auth. Rev. (Loyola Univ. Health) VRDO | 0.260% | 11/5/10 LOC | 8,000 | 8,000 |
Illinois Finance Auth. Rev. (Northwestern Community Hosp.) | 5.000% | 8/15/14 | 5,500 | 6,117 |
Illinois Finance Auth. Rev. (Palos Community Hosp.) | 5.000% | 5/15/16 | 1,500 | 1,629 |
Illinois Finance Auth. Rev. (Palos Community Hosp.) | 5.000% | 5/15/17 | 2,500 | 2,710 |
Illinois Finance Auth. Rev. (Resurrection Health Care) | 5.000% | 5/15/12 (4) | 4,200 | 4,392 |
Illinois Finance Auth. Rev. (Resurrection Health Care) | 5.000% | 5/15/13 (4) | 4,275 | 4,549 |
Illinois Finance Auth. Rev. (Resurrection Health Care) | 5.000% | 5/15/13 (4) | 4,300 | 4,576 |
Illinois Finance Auth. Rev. (Univ. of Chicago Medical Center) | 5.000% | 8/15/15 | 1,500 | 1,713 |
Illinois GO | 5.000% | 1/1/11 | 7,000 | 7,045 |
Illinois GO | 5.500% | 8/1/14 (14) | 8,295 | 9,232 |
Illinois GO TAN | 3.000% | 5/20/11 | 35,000 | 35,288 |
Illinois Health Fac. Auth. Rev. (Advocate Health Care Network) PUT | 4.375% | 7/1/14 | 4,810 | 5,083 |
Illinois Health Fac. Auth. Rev. (Elmhurst Memorial Hosp.) VRDO | 0.240% | 11/5/10 LOC | 25,800 | 25,800 |
Illinois Health Fac. Auth. Rev. (Evanston Hosp. Corp.) VRDO | 0.250% | 11/5/10 | 19,500 | 19,500 |
Illinois Sales Tax Rev. | 5.250% | 6/15/12 | 2,000 | 2,139 |
Illinois State Build Rev. | 5.000% | 6/15/15 | 10,000 | 11,376 |
26
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Illinois State Build Rev. | 5.000% | 6/15/16 | 10,000 | 11,484 |
Illinois State Tollway Highway Auth. Toll Highway Rev. | 5.000% | 1/1/15 (4) | 17,970 | 20,543 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 0.000% | 12/15/11 (14) | 20,000 | 19,606 |
1 Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. TOB VRDO | 0.290% | 11/5/10 (14) | 19,050 | 19,050 |
1 Univ. of Illinois Univ. Rev. Auxiliary Fac. TOB VRDO | 0.330% | 11/5/10 (14) | 9,455 | 9,455 |
Winnebago & Bonne Counties IL School Dist. GO | 5.000% | 2/1/12 (2) | 4,000 | 4,176 |
Winnebago & Boone Counties IL School Dist. GO | 5.000% | 2/1/13 (2) | 5,000 | 5,347 |
| | | | 426,715 |
Indiana (1.6%) | | | | |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) | 5.000% | 11/1/13 | 3,000 | 3,290 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) | 5.000% | 11/1/14 | 3,485 | 3,903 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) | 5.000% | 11/1/15 | 3,570 | 4,006 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) | 5.000% | 11/1/15 | 2,515 | 2,823 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) | 5.000% | 11/1/16 | 3,000 | 3,387 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) VRDO | 0.280% | 11/5/10 LOC | 9,500 | 9,500 |
Indiana Finance Auth. Hosp. Rev. (Clarian Health Partners, Inc. Obligated Group) VRDO | 0.240% | 11/5/10 LOC | 1,735 | 1,735 |
Indiana Finance Auth. Hosp. Rev. (Community Health Network Project) VRDO | 0.250% | 11/5/10 LOC | 21,000 | 21,000 |
Indiana Finance Auth. Rev. | 5.000% | 7/1/12 | 13,725 | 14,666 |
Indiana Finance Auth. Rev. (Ascension Health) PUT | 1.250% | 5/16/12 | 10,000 | 10,043 |
Indiana Finance Auth. Rev. (Miami Correctional Fac.) | 5.000% | 7/1/13 | 6,620 | 7,294 |
Indiana Finance Auth. Rev. (State Revolving Fund) | 5.000% | 2/1/17 | 7,625 | 8,962 |
Indiana Health & Educ. Fac. Financing Auth. Rev. (Ascension Health Credit Group) PUT | 4.100% | 11/3/16 | 10,000 | 10,955 |
Indiana Health Fac. Auth. Finance Auth. Rev. (Ascension Health Credit Group) PUT | 5.000% | 11/1/10 | 7,930 | 7,932 |
Indiana Health Fac. Auth. Finance Auth. Rev. (Ascension Health Credit Group) PUT | 5.000% | 11/1/11 | 5,500 | 5,747 |
Indiana Health Fac. Auth. Finance Auth. Rev. (Ascension Health Credit Group) PUT | 5.000% | 5/1/13 | 3,750 | 4,094 |
Indiana Health Fac. Auth. Finance Auth. Rev. (Ascension Health Credit Group) PUT | 5.000% | 6/1/15 | 14,825 | 16,863 |
Indiana Health Fac. Auth. Finance Auth. Rev. (Ascension Health Credit Group) PUT | 5.000% | 7/28/16 | 2,695 | 3,083 |
Indiana Housing Finance Auth. Lease Rev. | 5.000% | 11/1/13 | 10,585 | 11,782 |
Indiana Muni. Power Agency Rev. | 5.250% | 1/1/15 (14) | 3,190 | 3,433 |
Purdue Univ. Indiana Univ. Rev. | 4.500% | 7/1/16 | 1,500 | 1,733 |
Rockport IN PCR (AEP Generating Co.) PUT | 4.150% | 7/15/11 (2) | 10,000 | 10,157 |
Rockport IN PCR (Michigan Power Company) PUT | 6.250% | 6/2/14 | 11,000 | 12,304 |
St. Joseph County IN Educ. Fac. Rev. (Univ. of Notre Dame) PUT | 3.875% | 3/1/12 | 7,500 | 7,748 |
1 Tri-Creek Middle School Building Corp. Indiana TOB VRDO | 0.280% | 11/5/10 (4) | 14,210 | 14,210 |
Whiting IN Environmental Fac. Rev. (BP Products) PUT | 2.800% | 6/2/14 | 28,000 | 28,526 |
| | | | 229,176 |
Iowa (0.1%) | | | | |
Iowa Finance Auth. Health Care Fac. Rev. (Genesis Health System) | 5.000% | 7/1/14 | 1,065 | 1,161 |
Iowa Finance Auth. Health Care Fac. Rev. (Genesis Health System) | 5.000% | 7/1/16 | 2,320 | 2,549 |
Iowa Finance Auth. Health Fac. Rev. (Iowa Health System) | 5.000% | 2/15/14 (12) | 2,800 | 3,102 |
Iowa Finance Auth. Health Fac. Rev. (Iowa Health System) | 5.000% | 2/15/15 (12) | 2,395 | 2,695 |
Iowa Finance Auth. Health Fac. Rev. (Iowa Health System) | 5.000% | 2/15/16 (12) | 1,655 | 1,881 |
Iowa Higher Educ. Loan Auth. Rev. Private College Fac. (Grinnell College Project) | 4.000% | 12/1/17 | 1,300 | 1,471 |
Iowa Student Loan Liquidity Corp. Rev. | 5.000% | 12/1/15 | 5,620 | 6,192 |
| | | | 19,051 |
Kansas (0.6%) | | | | |
Kansas Dept. of Transp. Highway Rev. | 5.000% | 9/1/13 | 32,590 | 36,528 |
Kansas Dept. of Transp. Highway Rev. | 5.000% | 9/1/16 | 10,000 | 11,916 |
Kansas Dev. Finance Auth. Rev. | 5.000% | 1/1/15 | 2,895 | 3,223 |
Kansas Dev. Finance Auth. Rev. | 5.000% | 1/1/16 | 5,615 | 6,277 |
Kansas Dev. Finance Auth. Rev. | 5.000% | 1/1/17 | 5,670 | 6,325 |
Newton KS Hosp. Rev. (Newton Healthcare Corp.) VRDO | 0.500% | 11/5/10 LOC | 4,440 | 4,440 |
Univ. of Kansas Hosp. Auth. Health System | 5.000% | 9/1/12 | 1,525 | 1,633 |
Univ. of Kansas Hosp. Auth. Health System | 5.000% | 9/1/14 | 1,000 | 1,129 |
Univ. of Kansas Hosp. Auth. Health System | 5.000% | 9/1/15 | 2,000 | 2,220 |
Wichita KS Hosp. Fac. Rev. (Via Christi Health System, Inc.) | 5.000% | 11/15/15 | 4,000 | 4,477 |
| | | | 78,168 |
Kentucky (0.9%) | | | | |
Christian County KY Association County Leasing Program Rev. VRDO | 0.270% | 11/1/10 LOC | 12,625 | 12,625 |
Kentucky Asset/Liability Comm. General Fund Rev. | 5.000% | 9/1/12 (14) | 13,065 | 14,091 |
Kentucky Econ. Dev. Finance Auth. Rev. (Catholic Health) PUT | 5.000% | 11/11/14 | 17,000 | 19,133 |
Kentucky Property & Building Comm. Rev. | 5.250% | 10/1/15 (4) | 40,000 | 46,770 |
Kentucky Property & Building Comm. Rev. | 5.250% | 10/1/16 (4) | 6,000 | 7,089 |
3 Kentucky Property & Building Comm. Rev. | 5.000% | 11/1/16 | 5,340 | 6,206 |
Louisville & Jefferson County KY Metro. Environmental Fac. (Louisville Gas & Electric Co.) PUT | 5.625% | 12/3/12 | 10,000 | 10,627 |
Warren County KY Hosp. Fac. Rev. (Community Hosp. Corp. Project) | 5.000% | 8/1/11 | 770 | 787 |
Warren County KY Hosp. Fac. Rev. (Community Hosp. Corp. Project) | 5.000% | 8/1/12 | 810 | 848 |
Warren County KY Hosp. Fac. Rev. (Community Hosp. Corp. Project) | 5.000% | 8/1/13 | 855 | 906 |
Warren County KY Hosp. Fac. Rev. (Community Hosp. Corp. Project) | 5.000% | 8/1/16 | 990 | 1,058 |
| | | | 120,140 |
27
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Louisiana (0.5%) | | | | |
Lafayette LA Public Improvement Sales Tax Rev. | 5.000% | 3/1/11 (14) | 2,085 | 2,118 |
Louisiana Gasoline and Fuel Tax Rev. PUT | 1.030% | 11/5/10 | 25,000 | 25,035 |
Louisiana GO | 5.250% | 8/1/16 (14) | 5,000 | 5,798 |
Louisiana Housing Finance Agency Single Family Mortgage Rev. Home Ownership | 5.850% | 6/1/38 | 5,175 | 5,465 |
Louisiana Offshore Terminal Auth. Deep Water Port Rev. (LOOP LLC Project) PUT | 1.875% | 10/1/13 | 5,000 | 4,989 |
Louisiana Offshore Terminal Auth. Deep Water Port Rev. (LOOP LLC Project) PUT | 2.100% | 10/1/14 | 3,500 | 3,486 |
Louisiana Public Fac. Auth. Rev. (Christus Health) | 5.000% | 7/1/15 (4) | 1,320 | 1,449 |
Louisiana Public Fac. Auth. Rev. (Entergy Gulf States Project) | 2.875% | 11/1/15 | 1,750 | 1,757 |
Louisiana Public Fac. Auth. Rev. (Ochsner Clinic) | 5.000% | 5/15/13 | 2,675 | 2,820 |
Louisiana Public Fac. Auth. Rev. (Ochsner Clinic) | 5.000% | 5/15/14 | 3,950 | 4,212 |
Louisiana State Citizens Property Insurance Corp. Assessment Rev. | 5.250% | 6/1/14 (2) | 5,000 | 5,434 |
1 Louisiana State Gas & Fuels Tax Rev TOB VRDO | 0.290% | 11/5/10 (4) | 15,000 | 15,000 |
| | | | 77,563 |
Maine (0.1%) | | | | |
Maine GO | 5.000% | 7/15/12 (2) | 8,055 | 8,681 |
Maine Muni. Bond Bank Infrastructure Rev. (Transcap Project) | 5.000% | 9/1/13 | 2,090 | 2,337 |
Maine Muni. Bond Bank Infrastructure Rev. (Transcap Project) | 5.000% | 9/1/16 | 4,225 | 4,992 |
| | | | 16,010 |
Maryland (1.9%) | | | | |
Maryland Dept. of Transp. | 4.000% | 5/15/15 | 6,250 | 7,026 |
Maryland Dept. of Transp. | 4.000% | 5/15/16 | 6,305 | 7,134 |
Maryland Econ. Dev. Corp. Rev. (Chesapeake Bay Conference Center) | 4.750% | 12/1/11 | 250 | 248 |
Maryland GO | 5.000% | 2/1/11 | 15,000 | 15,182 |
Maryland GO | 5.000% | 3/1/11 | 10,000 | 10,161 |
Maryland GO | 5.000% | 3/15/11 | 19,445 | 19,793 |
Maryland GO | 5.000% | 8/1/11 | 18,200 | 18,849 |
Maryland GO | 5.000% | 3/15/12 | 20,415 | 21,706 |
Maryland GO | 5.000% | 8/1/14 | 10,000 | 11,517 |
Maryland GO | 5.000% | 3/1/16 | 13,720 | 16,275 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Johns Hopkins Health System) PUT | 5.000% | 5/15/13 | 3,000 | 3,285 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 5.000% | 7/1/13 | 2,395 | 2,600 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 5.000% | 7/1/14 | 3,150 | 3,481 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 5.000% | 7/1/15 | 5,900 | 6,571 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) VRDO | 0.280% | 11/5/10 LOC | 4,200 | 4,200 |
Maryland State & Local Fac. Rev. | 5.000% | 11/1/16 | 25,000 | 30,012 |
Maryland Transp. Auth. Rev. | 5.000% | 3/1/12 | 5,000 | 5,312 |
Maryland Transp. Auth. Rev. | 5.000% | 7/1/13 | 9,085 | 10,133 |
Maryland Transp. Auth. Rev. | 5.000% | 3/1/14 | 8,000 | 9,098 |
Maryland Transp. Auth. Rev. | 5.000% | 7/1/14 | 9,615 | 11,021 |
Maryland Transp. Auth. Rev. | 5.000% | 7/1/15 | 9,995 | 11,711 |
Montgomery County MD GO | 5.000% | 5/1/14 | 12,310 | 14,074 |
Washington Suburban Sanitation Dist. Maryland GO | 4.000% | 6/1/13 | 4,200 | 4,565 |
Washington Suburban Sanitation Dist. Maryland GO | 4.000% | 6/1/14 | 8,500 | 9,442 |
Washington Suburban Sanitation Dist. Maryland GO | 4.000% | 6/1/16 | 2,630 | 2,994 |
Washington Suburban Sanitation Dist. Maryland GO | 5.000% | 6/1/17 | 4,000 | 4,811 |
| | | | 261,201 |
Massachusetts (3.2%) | | | | |
Massachusetts Bay Transp. Auth. Rev. Sales Tax | 5.000% | 7/1/12 (Prere.) | 3,395 | 3,654 |
1 Massachusetts Bay Transp. Auth. Rev. TOB VRDO | 0.360% | 11/5/10 | 9,970 | 9,970 |
1 Massachusetts Bay Transp. Auth. Rev. TOB VRDO | 0.360% | 11/5/10 | 21,665 | 21,665 |
1 Massachusetts Bay Transp. Auth. Rev. TOB VRDO | 0.380% | 11/5/10 | 33,285 | 33,285 |
1 Massachusetts Bay Transp. Auth. Rev. TOB VRDO | 0.460% | 11/5/10 | 21,305 | 21,305 |
Massachusetts Dev. Finance Agency Rev. (Boston Univ.) | 2.875% | 10/1/14 | 5,000 | 5,261 |
Massachusetts Dev. Finance Agency Rev. (Boston Univ.) | 2.875% | 10/1/14 | 2,500 | 2,630 |
Massachusetts Dev. Finance Agency Rev. Higher Educ. (Smith College) VRDO | 0.240% | 11/5/10 | 3,566 | 3,566 |
Massachusetts GAN | 5.750% | 12/15/10 | 3,000 | 3,021 |
Massachusetts GO | 6.000% | 11/1/10 | 10,015 | 10,018 |
Massachusetts GO | 0.520% | 11/5/10 | 15,000 | 15,002 |
Massachusetts GO | 0.660% | 11/5/10 | 35,000 | 35,026 |
Massachusetts GO | 5.500% | 11/1/11 (4) | 34,300 | 36,071 |
Massachusetts GO | 5.000% | 9/1/12 | 8,000 | 8,656 |
Massachusetts GO | 5.500% | 11/1/12 (4) | 9,000 | 9,890 |
Massachusetts GO | 5.000% | 8/1/14 | 11,965 | 13,717 |
Massachusetts GO | 5.000% | 11/1/14 | 2,350 | 2,712 |
Massachusetts GO | 5.000% | 3/1/15 (4)(Prere.) | 3,840 | 4,467 |
Massachusetts GO | 5.000% | 8/1/15 (4) | 10,000 | 11,703 |
1 Massachusetts GO TOB VRDO | 0.380% | 11/5/10 (4)LOC | 18,355 | 18,355 |
1 Massachusetts GO TOB VRDO | 0.380% | 11/5/10 (4)LOC | 12,920 | 12,920 |
1 Massachusetts Health & Educ. Fac. Auth. Rev. (Harvard Univ.) TOB VRDO | 0.280% | 11/5/10 | 7,500 | 7,500 |
Massachusetts Health & Educ. Fac. Auth. Rev. (MIT) | 5.250% | 7/1/16 | 4,090 | 4,936 |
28
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) | 5.000% | 10/1/13 | 2,000 | 2,207 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) | 5.000% | 10/1/14 | 2,945 | 3,329 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) | 5.000% | 10/1/17 | 5,000 | 5,780 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) PUT | 4.100% | 4/19/12 | 8,000 | 8,315 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Partners Healthcare) | 5.000% | 7/1/16 | 2,000 | 2,299 |
Massachusetts Port Auth. Rev. | 5.500% | 7/1/16 (4) | 6,000 | 7,061 |
Massachusetts School Building Auth. Dedicated Sales Tax Rev. | 5.000% | 8/15/11 (4) | 12,000 | 12,441 |
Massachusetts Special Obligation Dedicated Tax Rev. | 5.250% | 1/1/14 (Prere.) | 10,000 | 11,317 |
Massachusetts Special Obligation Dedicated Tax Rev. | 5.750% | 1/1/14 (Prere.) | 4,550 | 5,220 |
Massachusetts Special Obligation Rev. | 5.000% | 12/15/10 (4) | 10,000 | 10,057 |
Massachusetts Special Obligation Rev. | 5.500% | 6/1/12 | 10,000 | 10,789 |
Massachusetts Water Resources Auth. Rev. | 5.250% | 8/1/15 (14) | 3,000 | 3,545 |
1 Massachusetts Water Resources Auth. Rev. TOB VRDO | 0.380% | 11/5/10 (4)LOC | 27,795 | 27,795 |
Massachusetts Water Resources Auth. Rev. VRDO | 0.290% | 11/5/10 | 12,255 | 12,255 |
Springfield MA GO | 5.000% | 8/1/11 (14) | 3,500 | 3,620 |
Univ. of Massachusetts Building Auth. Rev. | 5.000% | 11/1/11 (2) | 6,905 | 7,189 |
Univ. of Massachusetts Building Auth. Rev. VRDO | 0.250% | 11/5/10 LOC | 14,700 | 14,700 |
| | | | 443,249 |
Michigan (2.5%) | | | | |
Clarkston MI Community School GO | 5.000% | 5/1/14 (4) | 5,180 | 5,774 |
Detroit MI City School Dist. GO | 5.000% | 5/1/11 (3) | 3,510 | 3,575 |
Detroit MI GO | 5.000% | 4/1/13 (12) | 9,345 | 9,672 |
Detroit MI GO | 5.000% | 4/1/14 (12) | 2,735 | 2,841 |
Detroit MI Sewer System Rev. PUT | 5.500% | 1/1/12 (14) | 20,000 | 20,580 |
Kent Hosp. MI Finance Auth. Rev. (Spectrum Health) | 5.000% | 7/15/11 | 23,000 | 23,676 |
Kent Hosp. MI Finance Auth. Rev. PUT | 5.000% | 1/15/12 | 25,000 | 26,211 |
Michigan (New Center Dev. Inc.) COP PUT | 5.000% | 9/1/11 (14) | 33,000 | 33,674 |
Michigan Building Auth. Rev. | 5.000% | 10/15/12 (2) | 5,615 | 6,035 |
Michigan Building Auth. Rev. | 5.250% | 10/15/16 (4) | 7,200 | 7,905 |
Michigan Building Auth. Rev. PUT | 5.000% | 10/15/11 (2) | 12,000 | 12,432 |
Michigan Finance Auth. State Aid RAN | 2.000% | 8/19/11 | 7,500 | 7,573 |
Michigan GO | 5.000% | 9/15/11 (4) | 4,755 | 4,922 |
Michigan GO | 5.000% | 5/1/14 | 12,000 | 13,486 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) | 5.000% | 11/15/17 | 5,000 | 5,751 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) PUT | 5.000% | 5/1/12 | 17,000 | 18,032 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) PUT | 2.625% | 6/30/14 | 20,000 | 20,584 |
Michigan Hosp. Finance Auth. Rev. (Henry Ford Health System) | 5.500% | 11/15/15 | 2,000 | 2,217 |
Michigan Hosp. Finance Auth. Rev. (Henry Ford Health System) | 5.000% | 11/15/16 | 6,140 | 6,614 |
Michigan Hosp. Finance Auth. Rev. (Trinity Health) | 5.000% | 12/1/15 | 1,000 | 1,133 |
Michigan Hosp. Finance Auth. Rev. (Trinity Health) VRDO | 0.250% | 11/5/10 | 7,200 | 7,200 |
Michigan Muni. Bond Auth. Rev. | 5.000% | 10/1/15 | 2,315 | 2,699 |
Michigan Muni. Bond Auth. Rev. (Clean Water Revolving Fund) | 3.550% | 10/1/11 | 6,700 | 6,898 |
Michigan State Univ. Rev. | 5.000% | 8/15/13 | 6,620 | 7,382 |
Michigan State Univ. Rev. | 5.000% | 2/15/14 | 5,385 | 6,073 |
Michigan State Univ. Rev. | 5.000% | 8/15/14 | 7,005 | 8,006 |
Michigan State Univ. Rev. | 5.000% | 2/15/15 | 3,910 | 4,508 |
Michigan State Univ. Rev. | 5.000% | 8/15/15 | 1,000 | 1,164 |
Michigan State Univ. Rev. | 5.000% | 2/15/17 | 6,135 | 7,230 |
Michigan Strategic Fund (Detroit Edison) PUT | 5.500% | 8/1/16 | 7,425 | 8,392 |
Michigan Trunk Line Rev. | 5.000% | 9/1/12 (4) | 13,015 | 13,980 |
Royal Oak Hosp. Finance Auth. MI (Beaumont Hosp.) | 5.250% | 8/1/16 | 5,000 | 5,408 |
Saginaw MI Hosp. Fin. Auth. Hosp. Rev. (Covenant Medical Center Inc.) | 5.000% | 7/1/16 | 2,385 | 2,571 |
Saginaw MI Hosp. Fin. Auth. Hosp. Rev. (Covenant Medical Center Inc.) | 5.000% | 7/1/17 | 2,880 | 3,091 |
Univ. of Michigan Univ. Rev. | 5.250% | 12/1/11 | 5,000 | 5,238 |
Univ. of Michigan Univ. Rev. | 5.250% | 12/1/12 | 8,500 | 9,202 |
Univ. of Michigan Univ. Rev. | 4.000% | 4/1/16 | 10,650 | 12,040 |
Univ. of Michigan Univ. Rev. | 4.000% | 4/1/17 | 11,385 | 12,892 |
| | | | 356,661 |
Minnesota (1.3%) | | | | |
Maple Grove MN Health Care System Rev. (Maple Grove Hosp. Corp.) | 5.000% | 5/1/14 | 1,000 | 1,087 |
Maple Grove MN Health Care System Rev. (Maple Grove Hosp. Corp.) | 5.000% | 5/1/15 | 1,245 | 1,366 |
Minneapolis & St. Paul MN Housing & Redev. Auth. Health Care System (Allina Health Care) | 5.000% | 11/15/15 | 1,700 | 1,904 |
Minneapolis & St. Paul MN Housing & Redev. Auth. Health Care System (Allina Health Care) | 5.000% | 11/15/16 | 1,900 | 2,136 |
Minneapolis & St. Paul MN Housing & Redev. Auth. Health Care System (Children’s Hosp. Clinics) | | | | |
VRDO | 0.310% | 11/1/10 (4) | 33,000 | 33,000 |
Minneapolis MN Health Care System (Allina Health System) | 5.750% | 11/15/12 (Prere.) | 39,000 | 43,104 |
Minneapolis MN Health Care System (Allina Health System) | 6.000% | 11/15/12 (Prere.) | 4,000 | 4,441 |
Minnesota GO | 5.000% | 11/1/10 | 8,845 | 8,847 |
Minnesota GO | 5.250% | 11/1/10 (Prere.) | 6,375 | 6,377 |
Minnesota GO | 4.000% | 12/1/13 | 3,900 | 4,282 |
Minnesota GO | 5.000% | 12/1/13 | 10,615 | 12,010 |
29
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Minnesota GO | 5.000% | 8/1/14 | 6,970 | 8,016 |
Minnesota GO | 5.000% | 12/1/14 | 8,145 | 9,452 |
Minnesota GO | 5.000% | 12/1/15 | 8,145 | 9,629 |
Minnesota GO | 5.000% | 12/1/16 | 8,150 | 9,770 |
St. Cloud MN Health Care Rev. (Centracare Health System) | 5.000% | 5/1/15 | 1,170 | 1,295 |
St. Cloud MN Health Care Rev. (Centracare Health System) | 5.000% | 5/1/16 | 1,250 | 1,387 |
St. Cloud MN Health Care Rev. (Centracare Health System) | 5.000% | 5/1/17 | 1,000 | 1,118 |
St. Louis Park MN Health Care Fac. Rev. (Park Nicollet Health Services) | 5.500% | 7/1/13 | 7,825 | 8,466 |
St. Louis Park MN Health Care Fac. Rev. (Park Nicollet Health Services) | 5.500% | 7/1/14 | 5,250 | 5,784 |
Univ. of Minnesota Rev. | 5.000% | 8/1/17 | 3,215 | 3,825 |
| | | | 177,296 |
Mississippi (0.4%) | | | | |
Mississippi Business Finance Corp Gulf Opportunity Zone IDR (Chevron USA Inc. Project) VRDO | 0.240% | 11/5/10 | 21,600 | 21,600 |
Mississippi Business Finance Corp. Rev. (Promenade D’Iberville Project) VRDO | 0.270% | 11/5/10 LOC | 1,625 | 1,625 |
Mississippi GO | 5.250% | 12/1/10 | 8,800 | 8,839 |
Mississippi GO | 5.250% | 11/1/14 | 8,970 | 10,413 |
Mississippi GO | 5.000% | 11/1/15 (14) | 7,475 | 8,747 |
Mississippi Hosp. Equipment & Fac. Auth. Rev. (Baptist Health System) | 5.000% | 8/15/11 | 1,000 | 1,026 |
Mississippi Hosp. Equipment & Fac. Auth. Rev. (Baptist Health System) | 5.000% | 8/15/12 | 1,000 | 1,054 |
Mississippi Hosp. Equipment & Fac. Auth. Rev. (Baptist Health System) | 5.000% | 8/15/15 | 1,500 | 1,639 |
Mississippi Hosp. Equipment & Fac. Auth. Rev. (North Mississippi Health Services) | 5.000% | 10/1/17 | 2,500 | 2,849 |
| | | | 57,792 |
Missouri (0.9%) | | | | |
Curators of the Univ. of Missouri System Fac. Rev. | 5.000% | 11/1/13 (Prere.) | 15,320 | 17,269 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (SSM Health System) VRDO | 0.260% | 11/5/10 LOC | 72,500 | 72,500 |
Missouri Health & Educ. Fac. Auth. Rev. (Ascension Health) PUT | 1.250% | 5/16/12 | 10,000 | 10,068 |
Missouri Highways & Transp. Comm. Road Rev. | 5.000% | 2/1/12 (Prere.) | 10,000 | 10,579 |
3 Missouri Highways & Transp. Comm. Road Rev. | 3.000% | 2/1/13 | 15,645 | 16,501 |
Missouri Joint. Muni. Electric Util. Comm. Power Project Rev. (Plum Point Project) | 5.000% | 1/1/12 (14) | 2,000 | 2,070 |
| | | | 128,987 |
Montana (0.1%) | | | | |
Montana Fac. Finance Auth. Rev. | 5.000% | 1/1/16 | 5,870 | 6,651 |
Montana Fac. Finance Auth. Rev. | 5.000% | 1/1/17 | 5,305 | 6,036 |
| | | | 12,687 |
Nebraska (0.2%) | | | | |
Central Plains Energy Project Nebraska Gas Project No. 1 | 0.509% | 12/1/10 | 12,140 | 12,118 |
Central Plains Energy Project Nebraska Gas Project No. 1 | 5.000% | 12/1/15 | 5,000 | 5,362 |
Nebraska Public Power Dist. Rev. | 5.000% | 1/1/11 (14) | 3,560 | 3,588 |
Omaha NE Public Power Dist. Electric Rev. | 5.500% | 2/1/14 | 4,430 | 4,766 |
| | | | 25,834 |
Nevada (1.4%) | | | | |
Clark County NV Airport Rev. BAN | 5.000% | 7/1/12 | 20,000 | 21,155 |
1 Clark County NV GO TOB VRDO | 0.270% | 11/5/10 LOC | 16,920 | 16,920 |
Clark County NV Ind. Dev. Rev. (Southwest Gas Corp.) VRDO | 0.280% | 11/5/10 LOC | 9,300 | 9,300 |
Clark County NV Passenger Fac. Rev. (Las Vegas McCarran International Airport) | 5.000% | 7/1/13 | 6,355 | 6,972 |
Clark County NV Passenger Fac. Rev. (Las Vegas McCarran International Airport) | 5.000% | 7/1/14 | 6,100 | 6,811 |
Clark County NV School Dist. GO | 5.500% | 12/15/11 (4)(Prere.) | 5,000 | 5,289 |
Clark County NV School Dist. GO | 5.000% | 6/15/12 | 10,115 | 10,824 |
Clark County NV School Dist. GO | 5.000% | 6/15/12 (14) | 5,380 | 5,757 |
Clark County NV School Dist. GO | 5.000% | 6/15/13 (14) | 16,050 | 17,683 |
Clark County NV School Dist. GO | 5.000% | 6/15/14 (14) | 9,680 | 10,899 |
Clark County NV School Dist. GO | 5.000% | 6/15/14 | 4,000 | 4,504 |
Clark County NV School Dist. GO | 5.000% | 6/15/15 (4) | 17,760 | 20,579 |
Clark County NV School Dist. GO | 5.000% | 6/15/15 (2) | 5,020 | 5,797 |
Clark County NV Water Reclamation Dist. GO | 5.000% | 7/1/11 (14) | 6,735 | 6,942 |
1 Clark County NV Water Reclamation Dist. GO TOB VRDO | 0.280% | 11/5/10 | 9,800 | 9,800 |
Henderson NV Health Care Fac. Rev. (Catholic Healthcare West) | 5.000% | 7/1/14 | 8,000 | 8,724 |
Nevada GO | 5.000% | 12/1/12 (4) | 11,165 | 12,180 |
Nevada Highway Improvement Rev. (Motor Vehicle Fuel Tax) | 5.000% | 12/1/12 (14) | 14,495 | 15,699 |
Nevada Highway Improvement Rev. (Motor Vehicle Fuel Tax) | 5.500% | 12/1/14 (14) | 5,905 | 6,823 |
| | | | 202,658 |
New Hampshire (0.2%) | | | | |
Manchester NH General Airport Rev. | 5.000% | 1/1/15 | 2,475 | 2,678 |
Manchester NH General Airport Rev. | 5.000% | 1/1/15 | 1,470 | 1,590 |
New Hampshire GO | 5.000% | 8/15/16 | 4,280 | 5,089 |
New Hampshire GO | 5.000% | 8/15/17 | 3,200 | 3,834 |
New Hampshire Health & Educ. Fac. Auth. Rev. | 5.000% | 7/1/14 | 8,430 | 9,506 |
| | | | 22,697 |
30
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
New Jersey (5.3%) | | | | |
Garden State Preservation Trust New Jersey | 5.250% | 11/1/12 (4) | 6,260 | 6,831 |
Gloucester County NJ Improvement Auth. Solid Waste Resource Rev. PUT | 2.625% | 12/3/12 | 4,625 | 4,667 |
New Jersey Building Auth. Rev. | 5.000% | 6/15/11 | 15,090 | 15,507 |
New Jersey Building Auth. Rev. | 5.000% | 6/15/12 | 11,465 | 12,249 |
New Jersey Building Auth. Rev. | 5.000% | 6/15/14 | 6,790 | 7,661 |
New Jersey Building Auth. Rev. | 5.000% | 6/15/15 | 7,650 | 8,750 |
New Jersey COP | 5.000% | 6/15/16 | 6,695 | 7,556 |
New Jersey CTFS Partner Equipment Lease Purchase | 5.000% | 6/15/11 | 4,000 | 4,106 |
New Jersey CTFS Partner Equipment Lease Purchase | 5.000% | 6/15/14 | 7,000 | 7,777 |
New Jersey CTFS Partner Equipment Lease Purchase | 5.000% | 6/15/15 | 5,420 | 6,091 |
New Jersey Econ. Dev. Auth. Rev. (Kapkowski Road Landfill - DST Project Elizabeth) | 6.375% | 5/15/14 (Prere.) | 30,500 | 36,204 |
New Jersey Econ. Dev. Auth. Rev. (Montclair Univ. Student Housing) | 5.000% | 6/1/15 | 2,525 | 2,725 |
New Jersey Econ. Dev. Auth. Rev. (Montclair Univ. Student Housing) | 5.000% | 6/1/16 | 2,905 | 3,129 |
New Jersey Econ. Dev. Auth. Rev. (Montclair Univ. Student Housing) | 5.000% | 6/1/17 | 3,525 | 3,780 |
New Jersey Econ. Dev. Auth. Rev. (Museum Project) VRDO | 0.280% | 11/5/10 LOC | 5,260 | 5,260 |
New Jersey Econ. Dev. Auth. Rev. (School Fac. Construction) | 5.000% | 12/15/16 | 37,500 | 43,227 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.000% | 3/1/13 (ETM) | 14,670 | 16,145 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.000% | 9/1/13 (2)(Prere.) | 25,000 | 28,046 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.000% | 3/1/14 | 14,565 | 16,204 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) PUT | 5.000% | 9/1/14 (4) | 10,000 | 11,164 |
New Jersey Econ. Dev. Auth. Rev. (Transp. Project) | 5.000% | 5/1/14 | 11,165 | 12,410 |
New Jersey Econ. Dev. Auth. Rev. (Transp. Project) | 5.000% | 5/1/15 | 11,255 | 12,771 |
New Jersey Educ. Fac. Auth. Rev. (Univ. Medical & Dentistry) | 6.000% | 12/1/14 | 5,015 | 5,606 |
New Jersey GO | 5.000% | 8/15/16 | 12,120 | 14,185 |
New Jersey GO | 5.000% | 8/15/17 | 11,660 | 13,716 |
New Jersey Health Care Fac. Financing Auth. Rev. (AHS Hosp.) | 5.000% | 7/1/12 | 6,955 | 7,331 |
New Jersey Health Care Fac. Financing Auth. Rev. (Hosp. Capital Asset Pooled Program) VRDO | 0.270% | 11/5/10 LOC | 6,800 | 6,800 |
New Jersey Health Care Fac. Financing Auth. Rev. (Meridian-III) VRDO | 0.400% | 11/5/10 (12) | 13,155 | 13,155 |
New Jersey Higher Educ. Assistance Auth. Student Loan Rev. | 5.000% | 12/1/13 | 2,500 | 2,708 |
New Jersey Higher Educ. Assistance Auth. Student Loan Rev. | 5.000% | 12/1/14 | 12,655 | 13,886 |
New Jersey Higher Educ. Assistance Auth. Student Loan Rev. | 4.500% | 12/1/15 | 15,860 | 17,213 |
New Jersey Higher Educ. Assistance Auth. Student Loan Rev. | 5.000% | 12/1/15 | 2,500 | 2,772 |
New Jersey Higher Educ. Assistance Auth. Student Loan Rev. | 5.000% | 12/1/16 | 3,810 | 4,225 |
New Jersey Higher Educ. Assistance Auth. Student Loan Rev. | 5.000% | 12/1/16 | 9,990 | 11,026 |
New Jersey Sports & Exposition Auth. Rev. | 5.000% | 9/1/14 | 6,540 | 7,357 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.250% | 12/15/11 (14) | 30,000 | 31,599 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.000% | 6/15/12 (14) | 4,200 | 4,474 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.750% | 12/15/12 (4) | 8,000 | 8,834 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.250% | 12/15/13 (14) | 22,680 | 25,592 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.000% | 6/15/15 (4)(Prere.) | 19,130 | 22,424 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.000% | 12/15/17 | 7,500 | 8,663 |
New Jersey Turnpike Auth. Rev. VRDO | 0.290% | 11/5/10 LOC | 27,000 | 27,000 |
New Jersey Turnpike Auth. Rev. VRDO | 0.340% | 11/5/10 (4) | 36,530 | 36,530 |
Newark NJ GO | 5.000% | 10/1/11 (4)(ETM) | 2,000 | 2,086 |
Salem County NJ PCR (Public Service Electric & Gas) PUT | 0.950% | 11/1/11 | 16,500 | 16,500 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 4.250% | 6/1/11 | 4,905 | 4,945 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 4.250% | 6/1/12 | 5,000 | 5,105 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 5.000% | 6/1/12 (Prere.) | 10,200 | 10,936 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 6.125% | 6/1/12 (Prere.) | 14,495 | 15,799 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 6.250% | 6/1/13 (Prere.) | 18,515 | 21,155 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 6.750% | 6/1/13 (Prere.) | 7,815 | 9,030 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 7.000% | 6/1/13 (Prere.) | 17,705 | 20,565 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 5.000% | 6/1/15 | 2,000 | 2,102 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 6.125% | 6/1/24 (Prere.) | 7,705 | 7,954 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 5.750% | 6/1/32 (Prere.) | 59,165 | 62,853 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 6.375% | 6/1/32 (Prere.) | 10,000 | 11,228 |
| | | | 747,614 |
New Mexico (1.2%) | | | | |
Albuquerque NM GO | 5.000% | 7/1/12 (2) | 11,350 | 12,209 |
Farmington NM PCR (El Paso Electric Co. Project) PUT | 4.000% | 8/1/12 (3) | 8,000 | 8,023 |
New Mexico Educ. Assistance Foundation Rev. | 4.000% | 9/1/16 | 10,000 | 10,998 |
New Mexico Educ. Assistance Foundation Rev. | 4.000% | 12/1/16 | 7,000 | 7,708 |
New Mexico Educ. Assistance Foundation Rev. | 4.000% | 12/1/17 | 5,000 | 5,476 |
New Mexico Finance Auth. Transp. Rev. | 5.000% | 6/15/17 | 9,000 | 10,709 |
New Mexico Finance Auth. Transp. Rev. VRDO | 0.240% | 11/5/10 LOC | 7,500 | 7,500 |
New Mexico GO | 5.000% | 3/1/13 | 8,000 | 8,825 |
New Mexico GO | 5.000% | 3/1/13 | 10,000 | 11,031 |
New Mexico GO | 5.000% | 3/1/14 | 9,410 | 10,695 |
New Mexico GO | 5.000% | 3/1/16 | 19,290 | 22,796 |
1 New Mexico Hosp. Equipment Loan Council Hosp. System Rev. (Presbyterian Healthcare Services) | | | | |
TOB VRDO | 0.280% | 11/5/10 | 6,660 | 6,660 |
31
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
New Mexico Hosp. Equipment Loan Council Hosp. System Rev. (Presbyterian Healthcare Services) | | | | |
VRDO | 0.280% | 11/5/10 | 28,150 | 28,150 |
New Mexico Severance Tax Rev. | 5.000% | 7/1/11 | 1,000 | 1,032 |
New Mexico Severance Tax Rev. | 5.000% | 7/1/11 (2) | 2,000 | 2,063 |
New Mexico Severance Tax Rev. | 5.000% | 7/1/12 | 1,550 | 1,667 |
New Mexico Severance Tax Rev. | 5.000% | 7/1/17 | 6,015 | 7,145 |
| | | | 162,687 |
New York (10.8%) | | | | |
Albany NY IDA Fac. Rev. (Albany Medical Center) VRDO | 0.280% | 11/5/10 LOC | 4,865 | 4,865 |
Battery Park City NY Auth. Rev. | 5.250% | 11/1/16 | 14,275 | 15,941 |
Brooklyn NY Local Dev. Corp. Rev. (Brooklyn Arena) | 5.750% | 7/15/16 | 1,195 | 1,318 |
Erie County NY IDA School Fac. Rev. (Buffalo City School Dist.) GO | 5.000% | 5/1/14 | 2,000 | 2,254 |
Erie County NY IDA School Fac. Rev. (Buffalo City School Dist.) GO | 5.000% | 5/1/15 | 3,635 | 4,174 |
Hempstead NY GO | 3.000% | 4/15/15 | 5,260 | 5,675 |
Long Island NY Power Auth. Electric System Rev. | 0.000% | 6/1/11 (4) | 16,690 | 16,643 |
Long Island NY Power Auth. Electric System Rev. | 5.000% | 5/1/12 (14) | 48,900 | 52,087 |
Long Island NY Power Auth. Electric System Rev. | 5.250% | 6/1/13 | 15,690 | 17,420 |
1 Metro. New York Transp. Auth. Rev. (Dedicated Petroleum Tax) TOB VRDO | 0.290% | 11/5/10 (4) | 10,980 | 10,980 |
1 Metro. New York Transp. Auth. Rev. (Dedicated Petroleum Tax) TOB VRDO | 0.290% | 11/5/10 (13) | 42,605 | 42,605 |
Metro. New York Transp. Auth. Rev. (Dedicated Petroleum Tax) VRDO | 0.350% | 11/5/10 (4) | 30,000 | 30,000 |
Metro. New York Transp. Auth. Rev. (Service Contract) | 5.500% | 7/1/14 | 15,460 | 17,703 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) | 5.250% | 11/15/11 | 22,080 | 23,139 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) | 5.000% | 11/15/12 | 3,500 | 3,795 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) | 5.250% | 11/15/12 | 14,110 | 15,369 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) | 5.000% | 11/15/13 | 3,325 | 3,710 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) PUT | 5.000% | 11/15/14 | 52,980 | 59,443 |
Metro. New York Transp. Auth. Rev. PUT | 5.000% | 11/15/13 | 10,000 | 11,028 |
1 Metro. New York Transp. Auth. Rev. TOB VRDO | 0.300% | 11/5/10 (4) | 11,510 | 11,510 |
1 Metro. New York Transp. Auth. Rev. TOB VRDO | 0.380% | 11/5/10 (4)LOC | 10,595 | 10,595 |
Nassau County NY Interim Finance Auth. VRDO | 0.280% | 11/5/10 | 25,000 | 25,000 |
New York City NY Cultural Resources Rev. (Trust for Cultural Resources) PUT | 2.750% | 7/1/12 | 8,000 | 8,225 |
New York City NY GO | 5.000% | 3/1/11 | 6,000 | 6,094 |
New York City NY GO | 5.000% | 8/1/11 | 5,000 | 5,175 |
New York City NY GO | 5.000% | 8/1/12 | 8,000 | 8,601 |
New York City NY GO | 5.000% | 8/1/12 | 8,450 | 9,085 |
New York City NY GO | 5.250% | 8/1/12 | 4,230 | 4,322 |
New York City NY GO | 5.000% | 8/15/13 | 1,690 | 1,876 |
New York City NY GO | 5.000% | 8/1/14 | 25,000 | 28,392 |
New York City NY GO | 5.750% | 8/1/14 (2) | 7,785 | 8,421 |
New York City NY GO | 5.000% | 8/15/14 | 12,890 | 14,655 |
New York City NY GO | 5.000% | 9/1/14 | 16,860 | 19,192 |
New York City NY GO | 5.000% | 8/1/15 | 7,885 | 8,909 |
New York City NY GO | 5.000% | 8/1/15 | 26,260 | 30,326 |
New York City NY GO | 5.000% | 8/1/15 | 10,815 | 12,489 |
New York City NY GO | 5.000% | 8/15/15 | 17,910 | 20,698 |
New York City NY GO | 5.000% | 9/1/15 | 21,325 | 24,666 |
New York City NY GO | 5.000% | 3/1/16 | 10,795 | 12,471 |
New York City NY GO | 5.000% | 3/1/16 | 2,500 | 2,888 |
New York City NY GO | 5.000% | 4/1/16 | 3,500 | 4,050 |
New York City NY GO | 5.000% | 8/1/16 | 1,000 | 1,164 |
New York City NY GO | 5.000% | 8/1/16 | 1,000 | 1,164 |
New York City NY GO | 5.000% | 8/1/16 | 27,500 | 32,015 |
New York City NY GO | 5.000% | 8/1/17 | 9,750 | 11,387 |
New York City NY GO | 5.000% | 8/1/17 | 6,470 | 7,556 |
New York City NY Health & Hosp. Corp. Rev. | 5.000% | 2/15/12 | 6,665 | 6,992 |
New York City NY Health & Hosp. Corp. Rev. (Health System) | 5.000% | 2/15/17 | 6,000 | 6,842 |
New York City NY Housing Dev. Corp. Multi-Family Rev. | 5.000% | 5/1/12 | 5,000 | 5,273 |
New York City NY Housing Dev. Corp. Rev. | 5.000% | 7/1/12 (14) | 5,000 | 5,313 |
New York City NY IDA (USTA National Tennis Center) | 5.000% | 11/15/13 (4) | 4,435 | 4,963 |
1 New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. TOB VRDO | 0.280% | 11/5/10 | 8,000 | 8,000 |
1 New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. TOB VRDO | 0.290% | 11/5/10 | 20,855 | 20,855 |
1 New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. TOB VRDO | 0.290% | 11/5/10 | 8,400 | 8,400 |
New York City NY Transitional Finance Auth. Rev. | 0.000% | 2/1/11 | 37,600 | 38,028 |
New York City NY Transitional Finance Auth. Rev. | 0.000% | 11/1/11 | 24,375 | 25,509 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 11/1/13 | 12,320 | 13,855 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 11/1/14 | 5,610 | 6,452 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 11/1/11 | 14,370 | 15,032 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 11/1/16 | 10,000 | 11,821 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 11/1/16 | 43,485 | 51,402 |
1 New York City NY Transitional Finance Auth. Rev. TOB VRDO | 0.290% | 11/5/10 (4) | 14,000 | 14,000 |
New York Liberty Dev. Corp. Rev. PUT | 0.320% | 11/18/10 | 60,000 | 60,000 |
New York State Dormitory Auth. Rev. (Cornell Univ.) VRDO | 0.260% | 11/5/10 | 10,000 | 10,000 |
32
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
New York State Dormitory Auth. Rev. (Mental Health Svcs. Fac.) | 5.000% | 8/15/17 | 6,240 | 7,221 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 12/15/12 | 5,250 | 5,729 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/13 | 3,450 | 3,793 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/14 | 3,760 | 4,250 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/15 | 3,935 | 4,538 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 2/15/17 | 6,000 | 7,030 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 2/15/17 | 16,250 | 19,038 |
New York State Dormitory Auth. Rev. (State Univ.) | 5.500% | 5/15/13 (14) | 20,350 | 21,546 |
New York State Dormitory Auth. Rev. Non State Supported Debt | | | | |
(Mount Sinai School of Medicine of New York Univ.) | 5.000% | 7/1/16 | 2,270 | 2,525 |
New York State Dormitory Auth. Rev. Non State Supported Debt (New York Univ. Hosp.) | 5.000% | 7/1/11 | 1,000 | 1,022 |
New York State Dormitory Auth. Rev. Non State Supported Debt (New York Univ. Hosp.) | 5.000% | 7/1/12 | 1,000 | 1,052 |
New York State Dormitory Auth. Rev. PUT | 5.250% | 5/15/12 (2) | 12,560 | 13,374 |
New York State Dormitory Auth. Rev. State Supported Debt | 5.000% | 7/1/16 | 8,500 | 9,831 |
New York State Dormitory Auth. Rev. State Supported Debt | 5.000% | 7/1/17 | 10,510 | 12,206 |
1 New York State Dormitory Auth. State Personal Income Tax Rev. TOB VRDO | 0.280% | 11/5/10 | 6,800 | 6,800 |
New York State Energy Research & Dev. Auth. PCR (New York Electric & Gas) ARS | 0.705% | 11/5/10 (14) | 14,650 | 14,149 |
New York State Energy Research & Dev. Auth. PCR (New York Electric & Gas) PUT | 3.000% | 6/3/13 | 7,500 | 7,588 |
New York State Energy Research & Dev. Auth. PCR (New York Electric & Gas) PUT | 3.000% | 6/3/13 | 8,500 | 8,600 |
New York State Energy Research & Dev. Auth. PCR (Rochester Gas & Electric Corp.) PUT | 4.750% | 7/1/16 (14) | 2,250 | 2,399 |
New York State Environmental Fac. Corp. Rev. (Clean Water & Drinking Revolving Funds) | 5.250% | 7/15/14 | 2,160 | 2,500 |
New York State Muni. Bond Bank Agency Special School Purpose Rev. | 5.500% | 12/1/15 | 5,410 | 5,918 |
New York State Muni. Bond Bank Agency Special School Purpose Rev. | 5.250% | 6/1/18 | 7,000 | 7,557 |
New York State Muni. Bond Bank Agency Special School Purpose Rev. | 5.250% | 12/1/18 | 8,415 | 9,084 |
New York State Thruway Auth. Rev. | 4.000% | 7/15/11 | 35,000 | 35,897 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.250% | 10/1/11 (Prere.) | 7,500 | 7,847 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/13 (14) | 15,000 | 16,518 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/17 | 18,145 | 21,154 |
New York State Thruway Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/16 | 6,620 | 7,712 |
New York State Thruway Auth. Rev. (Service Contract) | 5.500% | 4/1/13 | 5,500 | 5,871 |
New York State Thruway Auth. Rev. (Service Contract) | 5.000% | 4/1/16 | 40,000 | 46,366 |
New York State Urban Dev. Corp. Rev. | 5.000% | 1/1/15 | 5,000 | 5,694 |
New York State Urban Dev. Corp. Rev. | 5.250% | 1/1/17 | 8,000 | 9,421 |
New York State Urban Dev. Corp. Rev. (Personal Income Tax) | 5.000% | 12/15/15 | 6,685 | 7,821 |
New York State Urban Dev. Corp. Rev. (Personal Income Tax) | 5.000% | 12/15/16 | 17,000 | 20,022 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/12 | 6,500 | 6,822 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/15 | 27,950 | 31,831 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/16 | 3,340 | 3,857 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/16 | 19,295 | 22,279 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/16 | 25,000 | 28,867 |
Tobacco Settlement Financing Corp. New York Rev. | 4.000% | 6/1/12 | 10,000 | 10,507 |
Tobacco Settlement Financing Corp. New York Rev. | 5.000% | 6/1/12 | 7,000 | 7,465 |
Tobacco Settlement Financing Corp. New York Rev. | 5.500% | 6/1/17 | 14,950 | 15,298 |
Tobacco Settlement Financing Corp. New York Rev. | 5.500% | 6/1/18 | 20,000 | 21,159 |
Triborough Bridge & Tunnel Auth. New York Rev. | 5.000% | 1/1/14 (ETM) | 2,045 | 2,316 |
Triborough Bridge & Tunnel Auth. New York Rev. | 5.000% | 11/15/14 | 11,690 | 13,509 |
| | | | 1,507,795 |
North Carolina (2.7%) | | | | |
Cabarrus NC COP | 5.000% | 1/1/14 | 2,500 | 2,803 |
Cabarrus NC COP | 5.000% | 1/1/16 | 4,555 | 5,245 |
Charlotte NC Airport Rev. | 5.000% | 7/1/14 | 4,000 | 4,512 |
Charlotte NC Water & Sewer System Rev. | 5.000% | 7/1/13 | 1,420 | 1,582 |
Charlotte NC Water & Sewer System Rev. | 4.000% | 7/1/16 | 1,280 | 1,452 |
Durham NC COP | 5.000% | 6/1/11 | 1,080 | 1,109 |
Durham NC COP | 5.000% | 6/1/13 | 1,000 | 1,106 |
Fayetteville NC Public Works Comm. Rev. | 5.000% | 3/1/17 | 5,000 | 5,906 |
Guilford County NC GO | 5.000% | 8/1/15 | 8,250 | 9,681 |
Guilford County NC GO | 5.000% | 8/1/16 | 5,000 | 5,950 |
Guilford County NC GO | 5.000% | 8/1/17 | 5,000 | 5,997 |
New Hanover County NC Hosp. Rev. (New Hanover Regional Medical Center) VRDO | 0.300% | 11/5/10 (4) | 11,600 | 11,600 |
North Carolina Eastern Muni. Power Agency Power Systems Rev. | 5.000% | 1/1/16 | 7,000 | 7,990 |
North Carolina Eastern Muni. Power Agency Rev. | 5.500% | 1/1/11 | 15,500 | 15,616 |
North Carolina Eastern Muni. Power Agency Rev. | 5.500% | 1/1/12 | 9,000 | 9,436 |
North Carolina Eastern Muni. Power Agency Rev. | 5.375% | 1/1/13 | 5,000 | 5,417 |
North Carolina Eastern Muni. Power Agency Rev. | 5.000% | 1/1/14 | 5,000 | 5,538 |
North Carolina Eastern Muni. Power Agency Rev. | 5.500% | 1/1/14 | 6,000 | 6,727 |
North Carolina Eastern Muni. Power Agency Rev. | 5.000% | 1/1/15 | 3,465 | 3,892 |
North Carolina Eastern Muni. Power Agency Rev. | 5.000% | 1/1/15 | 20,000 | 22,467 |
North Carolina Eastern Muni. Power Agency Rev. | 5.000% | 1/1/16 | 2,725 | 3,110 |
North Carolina Eastern Muni. Power Agency Rev. | 5.000% | 1/1/16 | 3,000 | 3,424 |
North Carolina Eastern Muni. Power Agency Rev. | 5.000% | 1/1/17 | 2,500 | 2,829 |
North Carolina GO | 5.000% | 3/1/12 | 13,980 | 14,840 |
33
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
North Carolina GO | 5.000% | 3/1/14 | 23,160 | 26,337 |
North Carolina GO | 5.000% | 4/1/14 | 10,000 | 11,401 |
North Carolina Medical Care Comm. Health Care Fac. (Duke Univ. Health System) VRDO | 0.280% | 11/5/10 | 47,500 | 47,500 |
North Carolina Medical Care Comm. Health Care Fac. (Novant Health Obligated Group) | 5.000% | 11/1/10 | 9,180 | 9,182 |
North Carolina Medical Care Comm. Health Care Fac. (Novant Health Obligated Group) | 5.000% | 11/1/14 | 2,775 | 3,041 |
North Carolina Medical Care Comm. Health Care Fac. (Novant Health Obligated Group) | 5.000% | 11/1/15 (4) | 7,370 | 7,963 |
North Carolina Medical Care Comm. Health Care Fac. Rev. (Univ. Health System Eastern) VRDO | 0.260% | 11/5/10 LOC | 3,950 | 3,950 |
North Carolina Medical Care Comm. Hosp. (North Carolina Baptist Hosp.) | 5.000% | 6/1/16 | 1,705 | 1,955 |
North Carolina Medical Care Comm. Hosp. (North Carolina Baptist Hosp.) | 5.000% | 6/1/17 | 5,000 | 5,748 |
North Carolina Medical Care Comm. Hosp. Rev. (CaroMont Health) VRDO | 0.280% | 11/5/10 LOC | 4,995 | 4,995 |
North Carolina Medical Care Comm. Hosp. Rev. (Moses Cone Health System) VRDO | 0.290% | 11/5/10 | 8,800 | 8,800 |
North Carolina Muni. Power Agency Rev. | 5.500% | 1/1/13 (ETM) | 1,340 | 1,479 |
North Carolina Muni. Power Agency Rev. | 5.500% | 1/1/13 | 2,835 | 3,108 |
North Carolina State Univ. Raleigh Rev. VRDO | 0.270% | 11/5/10 | 15,000 | 15,000 |
Raleigh NC GO | 5.000% | 12/1/16 | 2,470 | 2,968 |
Raleigh NC GO | 5.000% | 12/1/16 | 2,605 | 3,130 |
Wake County NC GO | 4.000% | 2/1/14 | 15,000 | 16,532 |
Wake County NC Public Improvement GO | 5.000% | 3/1/13 | 16,000 | 17,642 |
Wake County NC Public Improvement GO | 5.000% | 3/1/14 | 23,000 | 26,155 |
Wake County NC Public Improvement GO | 5.000% | 3/1/16 | 5,000 | 5,928 |
| | | | 381,043 |
Ohio (4.4%) | | | | |
Allen County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.000% | 9/1/14 | 20,120 | 22,447 |
Allen County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.000% | 9/1/15 | 10,170 | 11,392 |
Allen County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.000% | 9/1/16 | 11,830 | 13,317 |
American Muni. Power Ohio Inc. Rev. (Electricity Purchase) | 5.000% | 2/1/13 | 10,000 | 10,751 |
American Muni. Power Ohio Inc. Rev. (Hydroelectric Projects) | 5.000% | 2/15/17 | 6,000 | 6,808 |
Avon OH Local School Dist. GO | 5.250% | 12/1/13 (Prere.) | 2,400 | 2,733 |
Buckeye OH Tobacco Settlement Financing Corp. Rev. | 5.000% | 6/1/11 | 5,000 | 5,063 |
Buckeye OH Tobacco Settlement Financing Corp. Rev. | 5.000% | 6/1/12 | 1,480 | 1,528 |
Buckeye OH Tobacco Settlement Financing Corp. Rev. | 5.000% | 6/1/14 | 5,495 | 5,761 |
Chillicothe OH City School Dist. | 5.250% | 12/1/14 (Prere.) | 1,745 | 2,048 |
Cincinnati OH City School Dist. GO | 5.375% | 12/1/11 (Prere.) | 3,350 | 3,535 |
Cincinnati OH City School Dist. GO | 5.000% | 12/1/12 (4) | 1,140 | 1,241 |
Cincinnati OH City School Dist. GO | 5.000% | 12/1/13 (4)(Prere.) | 5,525 | 6,236 |
Cincinnati OH City School Dist. GO | 5.000% | 12/1/13 (4) | 2,000 | 2,247 |
1 Cincinnati OH City School Dist. GO TOB VRDO | 0.460% | 11/5/10 (3)LOC | 5,640 | 5,640 |
Cincinnati OH Water System Rev. | 5.500% | 6/1/11 (Prere.) | 2,000 | 2,062 |
Cleveland OH Airport System Rev. | 5.000% | 1/1/14 | 7,575 | 8,248 |
Cleveland OH GO | 5.500% | 12/1/11 (14) | 1,340 | 1,359 |
Cleveland OH GO | 5.250% | 8/1/13 (3)(Prere.) | 2,400 | 2,697 |
Cleveland OH Income Tax Rev. (Police & Fire Pension) | 5.000% | 5/15/17 | 1,190 | 1,369 |
1 Cleveland OH Water Works Rev. TOB VRDO | 0.280% | 11/5/10 | 4,700 | 4,700 |
Columbus OH City School Dist. School Fac. Construction & Improvement GO | 5.250% | 12/1/14 (4)(Prere.) | 2,390 | 2,805 |
Columbus OH City School Dist. School Fac. Construction & Improvement GO | 5.250% | 12/1/14 (4)(Prere.) | 2,070 | 2,429 |
Columbus OH GO | 5.000% | 6/15/12 | 7,955 | 8,543 |
Columbus OH GO | 5.000% | 9/1/12 | 5,600 | 6,065 |
Columbus OH GO | 5.000% | 9/1/13 | 5,600 | 6,281 |
Columbus OH GO | 5.000% | 9/1/13 | 10,430 | 11,698 |
Columbus OH GO | 5.000% | 12/15/13 | 5,000 | 5,663 |
Columbus OH GO | 5.000% | 9/1/16 | 9,225 | 10,976 |
Franklin County OH Hosp. Rev. (Nationwide Hosp.) VRDO | 0.240% | 11/5/10 | 18,690 | 18,690 |
Franklin County OH Hosp. Rev. (OhioHealth Corp.) VRDO | 0.270% | 11/5/10 | 9,400 | 9,400 |
Franklin County OH Hosp. Rev. (U.S. Health Corp.) VRDO | 0.250% | 11/5/10 LOC | 2,090 | 2,090 |
Hamilton County OH Convention Center Fac. Auth. Rev. Second Lien | 5.250% | 6/1/14 (3)(Prere.) | 1,270 | 1,470 |
Hamilton County OH Sewer System Rev. | 5.000% | 12/1/13 (14) | 4,450 | 5,023 |
Hilliard OH School Dist. GO | 0.000% | 12/1/14 (14) | 2,720 | 2,550 |
Hilliard OH School Dist. GO | 0.000% | 12/1/15 (14) | 3,720 | 3,388 |
Hocking Technical College Dist. OH (Residence Hall Fac. Project) VRDO | 0.250% | 11/5/10 LOC | 6,395 | 6,395 |
Jackson OH Local School Dist. Stark & Summit Counties Construction & Improvement | 5.250% | 6/1/14 (Prere.) | 4,350 | 5,034 |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.000% | 4/1/14 (4) | 4,500 | 4,958 |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.000% | 4/1/14 (4) | 4,500 | 4,958 |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.000% | 4/1/15 (4) | 5,200 | 5,802 |
1 Lorain County OH Hosp. Rev. (Catholic Healthcare Partners) TOB VRDO | 0.330% | 11/5/10 (4) | 7,715 | 7,715 |
Marysville OH Exempt Village School Dist. COP | 5.250% | 6/1/15 (Prere.) | 3,000 | 3,549 |
Montgomery County OH Rev. (Catholic Health Initiatives) | 5.500% | 9/1/11 (Prere.) | 3,270 | 3,411 |
Montgomery County OH Rev. (Catholic Health Initiatives) PUT | 4.100% | 11/10/11 | 12,000 | 12,392 |
Montgomery County OH Rev. (Catholic Health Initiatives) PUT | 5.000% | 11/12/13 | 6,000 | 6,626 |
Ohio Air Quality Dev. Auth. PCR (Columbus Southern Power) PUT | 3.875% | 6/1/14 | 3,500 | 3,590 |
Ohio Air Quality Dev. Auth. PCR (FirstEnergy) | 5.700% | 2/1/14 | 4,000 | 4,419 |
Ohio Air Quality Dev. Auth. PCR (FirstEnergy) PUT | 5.250% | 3/1/11 | 5,000 | 5,066 |
Ohio Air Quality Dev. Auth. PCR (Ohio Power Co. Project) PUT | 3.250% | 6/2/14 | 5,000 | 5,099 |
34
��
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Ohio Building Auth. Rev. | 5.000% | 10/1/15 | 1,200 | 1,398 |
Ohio Building Auth. Rev. (Administration Building Fund) | 5.250% | 10/1/15 (14) | 11,780 | 13,774 |
Ohio Building Auth. Rev. (Adult Correctional Building) | 5.000% | 10/1/11 (14) | 5,000 | 5,209 |
Ohio Building Auth. Rev. (Adult Correctional Building) | 5.000% | 4/1/12 (4) | 3,055 | 3,246 |
Ohio Building Auth. Rev. (Adult Correctional Building) | 5.250% | 4/1/14 | 12,000 | 13,612 |
Ohio Building Auth. Rev. (Adult Correctional Building) | 5.250% | 10/1/16 (14) | 14,830 | 17,623 |
Ohio Building Auth. Rev. (Highway Safety Building) | 5.000% | 10/1/13 | 1,050 | 1,172 |
Ohio Building Auth. Rev. (Highway Safety Building) | 5.000% | 10/1/13 | 1,105 | 1,233 |
Ohio Building Auth. Rev. (Highway Safety Building) | 5.000% | 10/1/13 | 1,520 | 1,697 |
Ohio Building Auth. Rev. (Highway Safety Building) | 5.000% | 10/1/14 | 2,300 | 2,636 |
Ohio Building Auth. Rev. (Highway Safety Building) | 5.000% | 10/1/14 | 1,165 | 1,335 |
Ohio Building Auth. Rev. (Highway Safety Building) | 5.000% | 10/1/15 | 2,420 | 2,801 |
Ohio Building Auth. Rev. (Highway Safety Building) | 5.000% | 10/1/15 | 1,225 | 1,418 |
Ohio Building Auth. Rev. (Highway Safety Building) | 5.000% | 10/1/16 | 2,540 | 2,989 |
Ohio Building Auth. Rev. (Highway Safety Building) | 5.000% | 10/1/16 | 1,650 | 1,942 |
Ohio Building Auth. Rev. (Highway Safety Building) | 5.000% | 10/1/16 | 1,285 | 1,512 |
Ohio Building Auth. Rev. (Highway Safety Building) | 5.000% | 10/1/17 | 2,670 | 3,155 |
Ohio Conservation Projects GO | 5.000% | 8/1/16 | 20,425 | 24,097 |
Ohio GO | 5.000% | 9/15/14 | 5,920 | 6,804 |
Ohio GO | 5.000% | 9/15/14 | 10,000 | 11,453 |
Ohio GO | 5.000% | 9/15/15 | 5,000 | 5,832 |
Ohio GO | 5.000% | 9/15/16 | 10,000 | 11,788 |
Ohio Higher Educ. Capital Fac. Rev. | 5.000% | 8/1/11 (2) | 6,110 | 6,322 |
Ohio Higher Educ. Capital Fac. Rev. | 5.250% | 12/1/11 | 6,115 | 6,442 |
Ohio Higher Educ. Fac. Comm. Rev. (Case Western Reserve Univ.) | 5.500% | 10/1/12 (Prere.) | 5,000 | 5,486 |
Ohio Higher Educ. Fac. Comm. Rev. (Case Western Reserve Univ.) | 5.000% | 12/1/13 (2)(Prere.) | 3,885 | 4,394 |
1 Ohio Higher Educ. Fac. Comm. Rev. (Cleveland Clinic Health) TOB VRDO | 0.280% | 11/5/10 | 5,170 | 5,170 |
Ohio Higher Educ. Fac. Comm. Rev. (Northern Univ.) VRDO | 0.350% | 11/5/10 LOC | 4,720 | 4,720 |
Ohio Higher Educ. GO | 5.250% | 11/1/11 | 5,000 | 5,246 |
Ohio Higher Educ. GO | 5.250% | 12/1/11 (14) | 4,500 | 4,739 |
Ohio Higher Educ. GO | 5.000% | 8/1/12 | 6,525 | 7,036 |
Ohio Highway Capital Improvements GO | 5.000% | 5/1/12 | 6,280 | 6,709 |
Ohio Highway Capital Improvements GO | 5.000% | 5/1/13 | 6,300 | 6,981 |
Ohio Highway Capital Improvements Rev. | 5.000% | 5/1/11 | 2,800 | 2,867 |
Ohio Highway Capital Improvements Rev. | 5.250% | 5/1/12 | 6,805 | 7,297 |
Ohio Infrastructure Improvement GO | 5.000% | 9/1/14 | 6,055 | 6,935 |
Ohio Infrastructure Improvement GO | 5.000% | 9/1/16 | 3,210 | 3,788 |
Ohio State Dept. Administrative Services COP (Administrative Knowledge System) | 5.000% | 9/1/11 (14) | 3,800 | 3,931 |
1 Ohio State Hosp. Rev. (Cleveland Clinic Health System Obligated Group) TOB VRDO | 0.280% | 11/5/10 | 3,700 | 3,700 |
Ohio State Univ. General Receipts Rev. | 5.000% | 12/1/13 | 6,000 | 6,771 |
Ohio State Univ. General Receipts Rev. | 5.000% | 12/1/14 | 3,000 | 3,462 |
Ohio State Univ. General Receipts Rev. | 5.000% | 12/1/16 | 3,515 | 4,171 |
Ohio Turnpike Comm. Turnpike Rev. | 5.500% | 2/15/11 (Prere.) | 3,150 | 3,198 |
Ohio Turnpike Comm. Turnpike Rev. | 5.500% | 2/15/11 (Prere.) | 2,235 | 2,269 |
Ohio Turnpike Comm. Turnpike Rev. | 5.000% | 2/15/15 | 3,500 | 4,021 |
Ohio Water Dev. Auth. PCR | 5.000% | 12/1/11 | 4,030 | 4,235 |
Ohio Water Dev. Auth. PCR | 5.000% | 6/1/13 | 7,000 | 7,779 |
Ohio Water Dev. Auth. PCR (FirstEnergy Generation Corp. Project) VRDO | 0.300% | 11/1/10 LOC | 2,000 | 2,000 |
Ohio Water Dev. Auth. Rev. | 5.000% | 12/1/13 | 4,000 | 4,517 |
Ohio Water Dev. Auth. Rev. (Drinking Water Fund) | 5.000% | 6/1/17 | 4,000 | 4,755 |
Ohio Water Dev. Auth. Rev. (Fresh Water Improvement) | 5.000% | 6/1/14 (Prere.) | 6,300 | 7,191 |
Olentangy OH Local School Dist. GO | 5.000% | 6/1/16 (4)(Prere.) | 1,235 | 1,463 |
Olentangy OH Local School Dist. School Fac. Construction & Improvement | 5.500% | 6/1/14 (Prere.) | 1,300 | 1,510 |
Scioto County OH Hosp. Rev. (Southern Ohio Medical Center) | 5.000% | 2/15/12 | 2,625 | 2,726 |
Scioto County OH Hosp. Rev. (Southern Ohio Medical Center) | 5.000% | 2/15/13 | 2,760 | 2,923 |
Scioto County OH Hosp. Rev. (Southern Ohio Medical Center) | 5.000% | 2/15/14 | 2,895 | 3,107 |
Univ. of Cincinnati OH General Receipts | 5.750% | 6/1/11 (3)(Prere.) | 2,500 | 2,605 |
3 Univ. of Toledo OH General Receipts | 5.000% | 6/1/14 | 6,145 | 6,859 |
3 Univ. of Toledo OH General Receipts | 5.000% | 6/1/15 | 1,435 | 1,623 |
3 Univ. of Toledo OH General Receipts | 5.000% | 6/1/16 | 3,430 | 3,915 |
3 Univ. of Toledo OH General Receipts | 5.000% | 6/1/17 | 1,855 | 2,119 |
Westerville OH City School Dist. GO | 5.500% | 6/1/11 (14)(Prere.) | 2,000 | 2,061 |
| | | | 611,036 |
Oklahoma (0.7%) | | | | |
Grand River Dam Auth. Oklahoma Rev. | 6.250% | 6/1/11 (2) | 10,000 | 10,314 |
Grand River Dam Auth. Oklahoma Rev. | 5.000% | 6/1/12 (4) | 3,500 | 3,740 |
Oklahoma Dev. Finance Auth. Health System Rev. (Integris Baptist) | 5.000% | 8/15/13 | 2,000 | 2,180 |
Oklahoma Dev. Finance Auth. Health System Rev. (Integris Baptist) | 5.000% | 8/15/14 | 4,900 | 5,461 |
Oklahoma Dev. Finance Auth. Health System Rev. (Integris Baptist) | 5.000% | 8/15/15 | 4,670 | 5,229 |
Oklahoma Dev. Finance Auth. Health System Rev. (Integris Baptist) VRDO | 0.280% | 11/5/10 (12) | 16,600 | 16,600 |
Oklahoma Dev. Finance Auth. Rev. (Public Service Co.) | 5.250% | 6/1/14 | 3,300 | 3,625 |
35
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Oklahoma State Capitol Improvement Auth. Fac. Rev. | 5.000% | 9/1/15 (14) | 9,035 | 10,202 |
Oklahoma State Muni Power Auth. Power Supply System Rev. PUT | 1.030% | 11/5/10 | 6,775 | 6,695 |
Oklahoma State Water Resource Board Rev. | 5.000% | 4/1/15 | 8,640 | 9,745 |
Oklahoma Turnpike Auth. Rev. VRDO | 0.270% | 11/1/10 | 2,650 | 2,650 |
Oklahoma Turnpike Auth. Rev. VRDO | 0.270% | 11/1/10 | 4,660 | 4,660 |
Tulsa County OK Ind. Auth. Rev. | 5.000% | 5/15/11 | 10,000 | 10,227 |
Tulsa County OK Ind. Auth. Rev. | 5.000% | 5/15/11 (4) | 5,300 | 5,434 |
| | | | 96,762 |
Oregon (0.3%) | | | | |
Oregon State Dept. Administrative Services | 5.250% | 11/1/11 (14) | 12,090 | 12,674 |
Oregon State Dept. Administrative Services | 5.000% | 5/1/14 | 3,750 | 4,229 |
Oregon State Dept. Administrative Services | 5.000% | 5/1/15 | 4,160 | 4,781 |
Oregon State Dept. Administrative Services | 5.000% | 4/1/16 | 2,185 | 2,571 |
Oregon State Dept. Administrative Services | 5.000% | 5/1/16 | 3,105 | 3,608 |
Oregon State Dept. Transp. Highway Usertax Rev. | 5.000% | 11/15/14 | 5,880 | 6,793 |
Oregon State Fac. Auth. Rev. (PeaceHealth) | 5.000% | 11/1/14 | 1,000 | 1,124 |
Oregon State Fac. Auth. Rev. (PeaceHealth) | 5.000% | 3/15/15 | 1,500 | 1,650 |
Oregon State Fac. Auth. Rev. (PeaceHealth) | 5.000% | 11/1/15 | 1,000 | 1,147 |
Oregon State Fac. Auth. Rev. (PeaceHealth) | 5.000% | 3/15/16 | 1,700 | 1,867 |
Oregon State Fac. Auth. Rev. (PeaceHealth) | 5.000% | 11/1/16 | 2,000 | 2,292 |
Tri-County Metro. Transp. Dist. OR (Payroll Tax & Grant Project) | 5.000% | 5/1/12 (14) | 5,000 | 5,315 |
| | | | 48,051 |
Pennsylvania (7.5%) | | | | |
Adams County PA GO | 5.300% | 5/15/11 (Prere.) | 10,240 | 10,513 |
Allegheny County PA GO | 5.000% | 11/1/13 | 3,560 | 3,940 |
Allegheny County PA GO | 5.000% | 11/1/14 | 2,895 | 3,271 |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) | 5.000% | 9/1/14 | 36,000 | 40,490 |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) | 5.000% | 5/15/16 | 17,175 | 19,493 |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) | 5.000% | 5/15/17 | 22,750 | 25,928 |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) PUT | 1.330% | 11/5/10 | 10,000 | 9,864 |
Chester County PA GO | 5.000% | 5/15/15 (Prere.) | 13,355 | 15,625 |
Cumberland County PA Muni. Auth. Rev. | 5.000% | 1/1/14 | 1,320 | 1,393 |
Cumberland County PA Muni. Auth. Rev. | 5.000% | 1/1/16 | 2,700 | 2,855 |
Delaware County PA Hosp. Auth. Rev. (Crozer Keystone Obligated Group) | 5.000% | 12/15/10 | 2,690 | 2,696 |
Delaware County PA Hosp. Auth. Rev. (Crozer Keystone Obligated Group) | 5.000% | 12/15/12 | 2,970 | 3,053 |
Delaware County PA Hosp. Auth. Rev. (Crozer Keystone Obligated Group) | 5.000% | 12/15/14 | 1,165 | 1,208 |
Delaware County PA Hosp. Auth. Rev. (Crozer Keystone Obligated Group) | 5.000% | 12/15/14 | 3,280 | 3,402 |
Delaware County PA Hosp. Auth. Rev. (Crozer Keystone Obligated Group) | 5.000% | 12/15/15 | 1,140 | 1,180 |
Delaware County PA Hosp. Auth. Rev. (Crozer Keystone Obligated Group) | 5.000% | 12/15/15 | 3,440 | 3,561 |
Delaware County PA Hosp. Auth. Rev. (Crozer Keystone Obligated Group) | 5.000% | 12/15/16 | 1,175 | 1,201 |
Delaware County PA Hosp. Auth. Rev. (Crozer Keystone Obligated Group) | 5.000% | 12/15/16 | 3,510 | 3,588 |
Delaware County PA IDA PCR (PECO Energy Co.) | 4.000% | 12/1/12 | 17,000 | 17,802 |
Delaware County PA IDA Refunding Resource Recovery Fac. (General Electric Capital Corp.) VRDO | 0.250% | 11/5/10 | 4,600 | 4,600 |
Delaware County PA IDA Solid Waste Rev. (Scott Paper Co.) VRDO | 0.290% | 11/5/10 | 11,360 | 11,360 |
Lancaster County PA Hosp. Auth. Rev. (Lancaster General Hosp.) | 5.750% | 9/15/13 (Prere.) | 4,560 | 5,166 |
1 Lancaster County PA Hosp. Auth. Rev. (Masonic Homes) VRDO | 0.270% | 11/5/10 LOC | 5,855 | 5,855 |
Montgomery County PA Higher Educ. & Health Auth. Rev. (Abington Memorial Hosp.) | 5.000% | 6/1/15 | 4,120 | 4,519 |
Montgomery County PA Higher Educ. & Health Auth. Rev. (Abington Memorial Hosp.) | 5.000% | 6/1/16 | 10,510 | 11,493 |
Montgomery County PA IDA Auth. Retirement Community Rev. | | | | |
(ACTS Retirement - Life Communities Obligated Group) | 5.000% | 11/15/10 | 2,500 | 2,503 |
Montgomery County PA IDA Auth. Retirement Community Rev. | | | | |
(ACTS Retirement - Life Communities Obligated Group) | 5.000% | 11/15/11 | 2,500 | 2,579 |
Montgomery County PA IDA Auth. Retirement Community Rev. | | | | |
(ACTS Retirement - Life Communities Obligated Group) | 5.000% | 11/15/13 | 5,675 | 6,070 |
Montgomery County PA IDA Auth. Retirement Community Rev. | | | | |
(ACTS Retirement - Life Communities Obligated Group) | 5.000% | 11/15/13 | 1,500 | 1,604 |
Montgomery County PA IDA Auth. Retirement Community Rev. | | | | |
(ACTS Retirement - Life Communities Obligated Group) | 5.000% | 11/15/14 | 1,570 | 1,699 |
Montgomery County PA IDA Auth. Retirement Community Rev. | | | | |
(ACTS Retirement - Life Communities Obligated Group) | 5.250% | 11/15/15 | 1,120 | 1,226 |
Mount Lebanon PA School Dist. GO | 5.000% | 2/15/13 (Prere.) | 5,000 | 5,498 |
North Hills PA School Dist. GO | 5.250% | 12/15/15 (Prere.) | 5,030 | 6,013 |
Northampton County PA General Purpose Auth. Univ. Rev. (Lafayette College) VRDO | 0.260% | 11/5/10 | 9,400 | 9,400 |
Pennsylvania Convention Center Auth. Rev. | 6.700% | 9/1/16 (ETM) | 20,020 | 23,295 |
Pennsylvania Econ. Dev. Financing Auth. Fac. Rev. (Jefferson Health) VRDO | 0.350% | 11/5/10 | 11,200 | 11,200 |
Pennsylvania Econ. Dev. Financing Auth. Fac. Rev. (PPL Energy Supply) PUT | 3.000% | 9/1/15 | 8,250 | 8,291 |
Pennsylvania Econ. Dev. Financing Auth. Fac. Rev. (PPL Energy Supply) PUT | 3.000% | 9/1/15 | 5,000 | 5,025 |
Pennsylvania Econ. Dev. Financing Auth. Fac. Rev. (PPL Energy Supply) PUT | 3.000% | 9/1/15 | 4,250 | 4,271 |
Pennsylvania Econ. Dev. Financing Auth. Fac. Rev. (PSEG Power) VRDO | 0.270% | 11/5/10 LOC | 16,500 | 16,500 |
Pennsylvania Econ. Dev. Financing Auth. Fac. Rev. (Waste Management, Inc. Project) | 2.750% | 9/1/13 | 5,500 | 5,562 |
Pennsylvania Econ. Dev. Financing Auth. Fac. Rev. (Waste Management, Inc. Project) PUT | 2.625% | 12/3/12 | 11,375 | 11,473 |
36
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Pennsylvania Econ. Dev. Financing Auth. Fac. Rev. (Waste Management, Inc. Project) PUT | 3.700% | 5/1/15 | 7,000 | 7,158 |
Pennsylvania GO | 5.000% | 8/1/11 | 17,000 | 17,604 |
Pennsylvania GO | 5.500% | 2/1/12 | 20,950 | 22,281 |
Pennsylvania GO | 5.000% | 8/1/12 | 20,705 | 22,338 |
Pennsylvania GO | 5.500% | 1/1/13 | 10,000 | 11,056 |
Pennsylvania GO | 5.000% | 7/1/13 (14) | 22,945 | 25,565 |
Pennsylvania GO | 5.000% | 2/15/14 | 6,000 | 6,794 |
Pennsylvania GO | 5.000% | 4/15/14 | 16,300 | 18,544 |
Pennsylvania GO | 5.000% | 7/1/14 | 27,300 | 31,238 |
Pennsylvania GO | 4.000% | 7/15/14 | 15,070 | 16,715 |
Pennsylvania GO | 5.000% | 9/1/14 (4) | 23,550 | 27,070 |
Pennsylvania GO | 5.000% | 3/1/15 | 22,065 | 25,606 |
Pennsylvania GO | 5.250% | 7/1/15 | 18,630 | 21,992 |
Pennsylvania GO | 5.000% | 2/15/16 | 12,105 | 14,232 |
Pennsylvania GO | 5.000% | 7/1/16 | 5,355 | 6,338 |
Pennsylvania Higher Educ. Fac. Auth. Rev. (Pittsburgh Medical Center) | 5.000% | 5/15/16 | 3,735 | 4,239 |
Pennsylvania Higher Educ. Fac. Auth. Rev. (Pittsburgh Medical Center) | 5.000% | 5/15/17 | 9,740 | 11,101 |
Pennsylvania Higher Educ. Fac. Auth. Rev. (State System of Higher Educ.) | 5.000% | 8/15/11 (2) | 4,000 | 4,133 |
Pennsylvania Higher Educ. Fac. Auth. Rev. (Univ. of Pennsylvania Health System) | 5.000% | 8/15/14 (2) | 9,610 | 10,844 |
Pennsylvania IDA Rev. (Econ. Dev.) | 5.000% | 7/1/13 | 5,630 | 6,203 |
Pennsylvania IDA Rev. (Econ. Dev.) | 5.500% | 7/1/16 (2) | 14,290 | 15,232 |
Pennsylvania Intergovernmental Cooperation Auth. Special Tax Rev. (Philadelphia Funding Program) | 5.000% | 6/15/16 | 3,000 | 3,522 |
Pennsylvania State Turnpike Comm. Rev. VRDO | 0.300% | 11/5/10 | 25,678 | 25,677 |
Pennsylvania State Turnpike Comm. Rev. VRDO | 0.310% | 11/5/10 | 10,003 | 10,003 |
Pennsylvania Turnpike Comm. Registration Fee Rev. VRDO | 0.270% | 11/5/10 (4) | 8,815 | 8,815 |
Pennsylvania Turnpike Comm. Registration Fee Rev. VRDO | 0.280% | 11/5/10 (4) | 11,000 | 11,000 |
Pennsylvania Turnpike Comm. Rev. | 5.000% | 6/1/11 (14) | 3,000 | 3,077 |
Pennsylvania Turnpike Comm. Rev. | 5.375% | 7/15/11 (Prere.) | 7,550 | 7,899 |
Pennsylvania Turnpike Comm. Rev. | 5.375% | 7/15/11 (2)(Prere.) | 6,370 | 6,665 |
Pennsylvania Turnpike Comm. Rev. | 5.500% | 7/15/11 (2)(Prere.) | 12,010 | 12,577 |
Pennsylvania Turnpike Comm. Rev. | 5.000% | 6/1/15 | 5,500 | 6,257 |
Pennsylvania Turnpike Comm. Rev. | 5.000% | 6/1/15 (12) | 1,055 | 1,203 |
Pennsylvania Turnpike Comm. Rev. | 5.000% | 6/1/16 | 6,680 | 7,676 |
Pennsylvania Turnpike Comm. Rev. | 5.000% | 6/1/16 (12) | 5,170 | 5,955 |
Pennsylvania Turnpike Comm. Rev. VRDO | 0.270% | 11/5/10 (4) | 26,585 | 26,585 |
Philadelphia PA Airport Parking Auth. | 5.000% | 9/1/14 | 2,355 | 2,630 |
Philadelphia PA Airport Parking Auth. | 5.000% | 9/1/15 | 4,570 | 5,156 |
Philadelphia PA Auth. IDR (Girard Estate Aramark Project) VRDO | 0.270% | 11/5/10 LOC | 10,000 | 10,000 |
Philadelphia PA Gas Works Rev. | 4.000% | 8/1/11 | 1,360 | 1,387 |
Philadelphia PA Gas Works Rev. | 5.500% | 8/1/11 (4)(Prere.) | 3,315 | 3,442 |
Philadelphia PA Gas Works Rev. | 5.000% | 8/1/13 | 3,260 | 3,519 |
Philadelphia PA GO | 5.000% | 8/1/11 (11) | 5,495 | 5,645 |
Philadelphia PA GO | 5.000% | 8/1/13 (4) | 19,000 | 20,918 |
Philadelphia PA GO | 5.125% | 8/1/13 (11) | 6,050 | 6,568 |
Philadelphia PA GO | 5.000% | 8/1/14 (4) | 20,385 | 22,893 |
Philadelphia PA School Dist. GO | 5.500% | 8/1/11 (4) | 5,100 | 5,271 |
Philadelphia PA School Dist. GO | 5.625% | 8/1/12 (3)(Prere.) | 10,235 | 11,157 |
Philadelphia PA Water & Waste Water Rev. | 7.000% | 6/15/11 (14) | 18,000 | 18,668 |
Philadelphia PA Water & Waste Water Rev. | 5.250% | 12/15/14 (2) | 7,100 | 7,996 |
Philadelphia PA Water & Waste Water Rev. | 5.000% | 8/1/15 (2) | 1,500 | 1,704 |
Philadelphia PA Water & Waste Water Rev. | 5.000% | 6/15/16 | 20,000 | 22,889 |
1 Philadelphia PA Water & Waste Water Rev. TOB VRDO | 0.270% | 11/5/10 (4) | 3,375 | 3,375 |
Philadelphia PA Water & Waste Water Rev. VRDO | 0.270% | 11/5/10 LOC | 9,780 | 9,780 |
Sayre PA Health Care Fac. Auth. Rev. (Guthrie Health Care System) | 5.875% | 12/1/11 (Prere.) | 9,660 | 10,340 |
Sayre PA Health Care Fac. Auth. Rev. (Guthrie Health Care System) | 6.250% | 12/1/11 (Prere.) | 4,915 | 5,281 |
Southcentral Pennsylvania General Auth. Rev. (Wellspan Health) | 5.250% | 6/1/13 | 6,265 | 6,835 |
Southcentral Pennsylvania General Auth. Rev. (Wellspan Health) | 5.250% | 6/1/14 | 5,470 | 6,103 |
Southcentral Pennsylvania General Auth. Rev. (Wellspan Health) | 5.500% | 6/1/15 | 5,000 | 5,701 |
St. Mary’s Hosp. Auth. Bucks County PA Rev. (Catholic Health Initiatives) VRDO | 0.300% | 11/5/10 | 10,000 | 10,000 |
State Public School Building Auth. Pennsylvania School Rev. (Daniel Boone School Dist.) | 5.000% | 4/1/13 (Prere.) | 10,000 | 11,000 |
State Public School Building Auth. Pennsylvania School Rev. (Philadelphia School Dist.) | 5.000% | 6/1/13 (4)(Prere.) | 30,800 | 34,155 |
Westmoreland County PA IDA Rev. (Excela Project) | 4.000% | 7/1/15 | 1,440 | 1,509 |
Westmoreland County PA IDA Rev. (Excela Project) | 5.000% | 7/1/16 | 2,010 | 2,180 |
| | | | 1,055,561 |
Puerto Rico (0.9%) | | | | |
Puerto Rico Convention Center Dist. Auth. Hotel Occupancy Tax Rev. | 5.000% | 7/1/11 | 2,650 | 2,714 |
Puerto Rico Electric Power Auth. Rev. | 5.000% | 7/1/12 | 4,510 | 4,780 |
Puerto Rico Electric Power Auth. Rev. | 5.250% | 7/1/13 | 4,000 | 4,351 |
Puerto Rico GO PUT | 5.000% | 7/1/12 | 16,000 | 16,680 |
Puerto Rico Infrastructure Financing Auth. Special Tax Rev. | 5.500% | 7/1/11 (2) | 5,550 | 5,688 |
Puerto Rico Infrastructure Financing Auth. Special Tax Rev. | 5.500% | 7/1/12 (2) | 3,000 | 3,169 |
Puerto Rico Muni. Finance Agency | 5.000% | 8/1/11 | 7,000 | 7,209 |
37
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Puerto Rico Public Finance Corp. PUT | 5.750% | 2/1/12 LOC | 23,265 | 24,216 |
Puerto Rico Sales Tax Financing Corp. Rev. PUT | 5.000% | 8/1/11 (Prere.) | 50,000 | 51,780 |
| | | | 120,587 |
Rhode Island (0.0%) | | | | |
Providence RI GO PUT | 3.950% | 1/15/11 (11) | 5,000 | 5,033 |
|
South Carolina (1.4%) | | | | |
1 Charleston SC Educ. Excellence Financing Corp. Rev. (Charleston County School Dist.) TOB VRDO | 0.290% | 11/5/10 | 24,750 | 24,750 |
Charleston SC Waterworks & Sewer Rev. Capital Improvement VRDO | 0.270% | 11/5/10 | 7,700 | 7,700 |
Greenville County SC Hosp. Fac. Rev. | 5.000% | 5/1/13 | 8,575 | 9,271 |
Greenville County SC Hosp. Fac. Rev. | 5.000% | 5/1/14 | 9,355 | 10,363 |
Greenville County SC Hosp. Fac. Rev. | 5.000% | 5/1/15 | 7,380 | 8,227 |
Greenville County SC School Dist. GO | 5.500% | 12/1/16 | 13,450 | 15,962 |
1 Greenville County SC School Dist. Installment Rev. TOB VRDO | 0.270% | 11/5/10 (12) | 7,440 | 7,440 |
1 Greenwood County SC Metro. Sewer System Rev. TOB VRDO | 0.300% | 11/5/10 (4) | 5,625 | 5,625 |
1 Greer SC Combined Util. System Rev. TOB VRDO | 0.270% | 11/5/10 (2) | 9,685 | 9,685 |
Oconee County SC PCR (Duke Power Corp.) | 3.600% | 2/1/17 | 15,000 | 15,812 |
Piedmont SC Muni. Power Agency Rev. | 5.000% | 1/1/16 | 8,000 | 9,043 |
Piedmont SC Muni. Power Agency Rev. | 5.000% | 1/1/17 | 7,225 | 8,203 |
South Carolina Educ. Fac. Auth. VRDO | 0.270% | 11/5/10 LOC | 5,120 | 5,120 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Improvement Rev. (Palmetto Health Alliance) | 5.000% | 2/1/16 | 2,000 | 2,217 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Improvement Rev. (Palmetto Health Alliance) | 5.000% | 2/1/17 | 2,320 | 2,565 |
South Carolina Public Service Auth. Rev. (Santee Cooper) | 5.000% | 1/1/16 | 5,000 | 5,827 |
South Carolina Public Service Auth. Rev. (Santee Cooper) | 5.000% | 1/1/17 | 2,000 | 2,349 |
South Carolina Transp. Infrastructure Rev. | 5.100% | 10/1/11 (2)(Prere.) | 10,000 | 10,442 |
South Carolina Transp. Infrastructure Rev. | 5.250% | 10/1/15 (2) | 4,295 | 4,973 |
South Carolina Transp. Infrastructure Rev. | 5.000% | 10/1/16 | 17,940 | 20,720 |
Spartanburg County SC Regional Health Services Dist. Rev. VRDO | 0.290% | 11/5/10 (12) | 13,000 | 13,000 |
Tobacco Settlement Rev. (Auth. of South Carolina Tobacco Settlement) | 5.000% | 6/1/18 | 3,315 | 3,318 |
| | | | 202,612 |
South Dakota (0.1%) | | | | |
South Dakota State Building Auth. Rev. | 5.000% | 12/1/10 (2) | 2,680 | 2,691 |
South Dakota State Building Auth. Rev. | 5.000% | 12/1/11 (2) | 1,000 | 1,050 |
South Dakota State Building Auth. Rev. | 5.000% | 12/1/12 (2) | 3,005 | 3,274 |
| | | | 7,015 |
Tennessee (1.8%) | | | | |
Blount County TN Public Building Auth. (Local Govt. Public Improvement Bonds) | 5.000% | 6/1/11 | 10,000 | 10,268 |
Jackson TN Hosp. Rev. (Jackson Madison Hosp.) | 5.250% | 4/1/14 | 1,500 | 1,625 |
Jackson TN Hosp. Rev. (Jackson Madison Hosp.) | 5.250% | 4/1/15 | 1,390 | 1,521 |
Memphis TN Electric System Rev. | 5.000% | 12/1/10 (14) | 5,000 | 5,021 |
Memphis TN Electric System Rev. | 5.000% | 12/1/11 (14) | 17,000 | 17,836 |
Memphis TN Electric System Rev. | 5.000% | 12/1/16 | 44,095 | 52,186 |
Memphis TN Electric System Rev. | 5.000% | 12/1/17 | 12,500 | 14,869 |
Metro. Govt. of Nashville & Davidson County TN Electric Rev. | 5.500% | 5/15/14 (13) | 6,345 | 7,332 |
Metro. Govt. of Nashville & Davidson County TN Electric Rev. | 5.500% | 5/15/16 (13) | 5,675 | 6,822 |
Metro. Govt. of Nashville & Davidson County TN GO | 5.000% | 7/1/17 | 10,000 | 11,948 |
Metro. Govt. of Nashville & Davidson County TN Health & Educ. Fac. (Vanderbilt Univ.) | 5.000% | 10/1/14 | 15,000 | 17,299 |
Montgomery County TN Public Building Auth. Pooled Financial Rev. (Tennessee County Loan Pool) | | | | |
VRDO | 0.300% | 11/1/10 LOC | 4,200 | 4,200 |
Murfreesboro TN GO | 5.000% | 6/1/14 | 3,900 | 4,433 |
Shelby County TN GO | 5.000% | 4/1/13 | 4,000 | 4,421 |
Shelby County TN GO | 5.000% | 4/1/14 | 1,000 | 1,138 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. | 5.000% | 9/1/16 | 6,925 | 7,832 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. (Methodist Le Bonheur) | 5.000% | 6/1/13 | 4,500 | 4,826 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. (St. Jude Children’s Research Hosp.) | 5.000% | 7/1/11 | 2,230 | 2,298 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. (St. Jude Children’s Research Hosp.) | 5.000% | 7/1/12 | 2,300 | 2,466 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. (St. Jude Children’s Research Hosp.) | 5.000% | 7/1/13 | 3,600 | 3,989 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. (St. Jude Children’s Research Hosp.) | 5.000% | 7/1/14 | 4,805 | 5,463 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. (St. Jude Children’s Research Hosp.) | 5.000% | 7/1/15 | 5,390 | 6,238 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. (St. Jude Children’s Research Hosp.) | 5.000% | 7/1/16 | 2,500 | 2,922 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 9/1/11 | 5,000 | 5,154 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 9/1/12 | 10,000 | 10,613 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 9/1/13 | 28,000 | 30,204 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 9/1/16 | 9,000 | 9,544 |
Tennessee GO | 5.000% | 5/1/14 | 2,825 | 3,223 |
Tennessee GO | 5.000% | 5/1/16 | 3,200 | 3,792 |
| | | | 259,483 |
Texas (8.8%) | | | | |
Board of Regents of the Univ. of Texas System Rev. Financing System CP | 5.250% | 8/15/14 | 2,855 | 3,308 |
Board of Regents of the Univ. of Texas System Rev. Financing System VRDO | 0.200% | 11/5/10 | 10,200 | 10,200 |
Central Texas Regional Mobility Auth. Rev. | 5.750% | 1/1/17 | 570 | 629 |
38
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Central Texas Regional Mobility Auth. Rev. | 5.750% | 1/1/18 | 1,450 | 1,598 |
1 Collin County TX GO TOB VRDO | 0.280% | 11/5/10 | 10,925 | 10,925 |
Dallas TX GO | 5.000% | 2/15/12 | 26,935 | 28,513 |
Dallas TX GO | 5.000% | 2/15/16 | 4,000 | 4,709 |
Dallas TX GO | 5.000% | 2/15/17 | 8,880 | 10,546 |
Dallas-Fort Worth TX International Airport Rev. | 5.000% | 11/1/14 | 3,000 | 3,404 |
Dallas-Fort Worth TX International Airport Rev. | 5.000% | 11/1/16 | 4,000 | 4,620 |
El Paso TX Water & Sewer Rev. | 5.000% | 3/1/14 (4) | 2,175 | 2,456 |
El Paso TX Water & Sewer Rev. | 5.000% | 3/1/15 (4) | 1,500 | 1,730 |
Garland TX GO | 5.250% | 2/15/11 (4) | 2,255 | 2,288 |
Garland TX GO | 5.250% | 2/15/12 (4) | 2,500 | 2,655 |
Garland TX Independent School Dist. | 5.000% | 2/15/12 | 4,210 | 4,460 |
Grapevine-Colleyville TX Independent School Dist. School Building PUT | 4.000% | 8/1/12 | 26,440 | 27,742 |
Gulf Coast TX Waste Disposal Auth. Environmental Fac. Rev. | | | | |
(BP Products North America Project) PUT | 2.300% | 9/3/13 | 9,000 | 9,101 |
1 Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Children’s Hosp. Project) TOB VRDO | 0.280% | 11/5/10 | 8,195 | 8,195 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Methodist Hosp.) | 5.250% | 12/1/13 | 15,000 | 16,716 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Methodist Hosp.) | 5.250% | 12/1/14 | 11,000 | 12,483 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Methodist Hosp.) | 5.250% | 12/1/15 | 6,530 | 7,442 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Thermal Util. TECO Project) | 5.000% | 11/15/13 | 500 | 556 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Thermal Util. TECO Project) | 5.000% | 11/15/16 | 1,000 | 1,158 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (YMCA Greater Houston) VRDO | 0.280% | 11/1/10 LOC | 6,700 | 6,700 |
Harris County TX Flood Control Dist. GO | 5.000% | 10/1/11 | 5,005 | 5,220 |
Harris County TX Flood Control Dist. GO | 5.250% | 10/1/14 (Prere.) | 8,360 | 9,695 |
1 Harris County TX GO TOB VRDO | 0.280% | 11/5/10 (4) | 6,075 | 6,075 |
Harris County TX Rev. | 5.000% | 10/1/15 | 2,000 | 2,344 |
Harris County TX Rev. | 5.000% | 10/1/16 | 4,500 | 5,339 |
Harris County TX Toll Road Rev. | 6.000% | 8/1/13 (14) | 21,795 | 24,884 |
Harris County TX Toll Road Rev. | 5.000% | 8/15/16 | 5,000 | 5,861 |
Harris County TX Toll Road Rev. PUT | 5.000% | 8/15/12 (4) | 24,250 | 26,042 |
Houston TX Airport System Rev. | 5.000% | 7/1/16 | 1,000 | 1,154 |
1 Houston TX Airport System Rev. TOB VRDO | 0.280% | 11/5/10 | 13,360 | 13,360 |
1 Houston TX Airport System Rev. TOB VRDO | 0.300% | 11/5/10 (4) | 18,400 | 18,400 |
1 Houston TX Airport System Rev. TOB VRDO | 0.300% | 11/5/10 (4) | 26,000 | 26,000 |
Houston TX GO | 5.500% | 3/1/16 | 6,905 | 8,227 |
Houston TX Higher Educ. Finance Corp. (Rice Univ.) VRDO | 0.250% | 11/5/10 | 18,580 | 18,580 |
Houston TX Independent School Dist. GO | 0.000% | 2/15/12 | 5,535 | 5,480 |
Houston TX Independent School Dist. GO | 5.000% | 2/15/13 | 9,000 | 9,901 |
Houston TX Util. System Rev. | 5.250% | 11/15/11 (4) | 4,425 | 4,645 |
Houston TX Util. System Rev. | 5.000% | 11/15/12 (4) | 4,270 | 4,646 |
Houston TX Util. System Rev. | 5.000% | 11/15/14 | 5,385 | 6,193 |
Houston TX Util. System Rev. | 5.000% | 11/15/15 | 5,000 | 5,847 |
Houston TX Util. System Rev. | 5.250% | 5/15/16 (14) | 10,000 | 11,323 |
Houston TX Util. System Rev. | 5.000% | 11/15/16 | 1,855 | 2,192 |
Houston TX Util. System Rev. | 5.250% | 11/15/17 | 13,500 | 16,251 |
Houston TX Util. System Rev. PUT | 5.000% | 5/15/11 (2) | 12,000 | 12,281 |
Klein TX Independent School Dist. Unlimited Tax Schoolhouse GO | 5.000% | 8/1/11 | 2,050 | 2,123 |
Lewisville TX Independent School Dist. | 5.000% | 8/15/13 | 8,225 | 9,208 |
Lower Colorado River Auth. Texas Rev. | 5.000% | 5/15/14 | 9,000 | 10,135 |
Lower Colorado River Auth. Texas Rev. | 5.000% | 5/15/16 | 1,300 | 1,498 |
Lower Colorado River Auth. Texas Rev. | 5.000% | 5/15/17 | 1,710 | 1,975 |
Lower Colorado River Auth. Texas Rev. | 5.875% | 5/15/17 (2) | 9,895 | 9,933 |
Lubbock TX Electric Light & Power System Rev. | 5.000% | 4/15/16 | 2,000 | 2,286 |
Matagorda County TX Navigation Dist. PCR (Central Power & Light) PUT | 5.125% | 6/1/11 | 17,500 | 17,842 |
Mission TX Econ. Dev. Corp. Solid Waste Disposal Rev. (Waste Management Inc.) PUT | 3.750% | 5/1/15 | 8,500 | 8,599 |
North Texas Tollway Auth. (Dallas North Tollway) System Rev. | 5.000% | 1/1/15 (Prere.) | 10,000 | 11,524 |
North Texas Tollway Auth. Rev. | 5.000% | 1/1/12 | 5,580 | 5,834 |
North Texas Tollway Auth. Rev. PUT | 5.250% | 1/1/12 | 71,215 | 74,527 |
North Texas Tollway Auth. Rev. PUT | 5.000% | 1/1/13 | 31,190 | 33,521 |
Northside TX Independent School Dist. PUT | 2.100% | 6/1/11 | 8,000 | 8,063 |
SA Energy Acquisition Public Fac. Corp. Texas Gas Supply Rev. | 5.250% | 8/1/13 | 24,325 | 26,683 |
SA Energy Acquisition Public Fac. Corp. Texas Gas Supply Rev. | 5.250% | 8/1/14 | 12,360 | 13,558 |
SA Energy Acquisition Public Fac. Corp. Texas Gas Supply Rev. | 5.250% | 8/1/16 | 7,790 | 8,445 |
San Antonio TX Electric & Gas Rev. | 5.250% | 2/1/11 | 4,350 | 4,405 |
San Antonio TX Electric & Gas Rev. | 5.375% | 2/1/13 (4) | 12,000 | 13,269 |
San Antonio TX Electric & Gas Rev. | 5.000% | 2/1/14 | 10,115 | 11,430 |
San Antonio TX Electric & Gas Rev. | 5.500% | 2/1/14 | 6,210 | 7,116 |
San Antonio TX Electric & Gas Rev. | 5.375% | 2/1/15 | 7,210 | 8,449 |
San Antonio TX Electric & Gas Rev. VRDO | 0.290% | 11/5/10 | 14,900 | 14,900 |
San Antonio TX GO | 5.000% | 2/1/17 | 4,135 | 4,908 |
San Antonio TX GO PUT | 3.625% | 12/1/10 (Prere.) | 635 | 637 |
San Antonio TX GO PUT | 3.625% | 12/1/10 | 21,365 | 21,427 |
39
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Southwest Texas Higher Educ. Auth. Inc. Rev. (Southern Methodist Univ.) | 5.000% | 10/1/14 | 1,000 | 1,150 |
Southwest Texas Higher Educ. Auth. Inc. Rev. (Southern Methodist Univ.) | 5.000% | 10/1/16 (2) | 2,000 | 2,365 |
Spring Branch TX Independent School Dist. GO | 5.000% | 2/1/13 | 3,000 | 3,296 |
Spring Branch TX Independent School Dist. GO | 5.000% | 2/1/14 | 3,635 | 4,115 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Hosp. Rev. | | | | |
(Scott and White Memorial Hosp. and Scott, Sherwood and Brindley Foundation Project) | 5.000% | 8/15/15 | 2,905 | 3,204 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Hosp. Rev. | | | | |
(Scott and White Memorial Hosp. and Scott, Sherwood and Brindley Foundation Project) | 5.000% | 8/15/16 | 1,310 | 1,443 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Hosp. Rev. | | | | |
(Scott and White Memorial Hosp. and Scott, Sherwood and Brindley Foundation Project) | 5.000% | 8/15/17 | 2,000 | 2,191 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Rev. (Christus Health) | 5.000% | 7/1/15 | 7,730 | 8,413 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Rev. (Christus Health) | 5.000% | 7/1/16 | 8,130 | 8,752 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Rev. (Texas Health Resources) | 5.000% | 2/15/12 | 3,500 | 3,651 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Rev. (Texas Health Resources) | 5.000% | 2/15/13 | 1,385 | 1,482 |
Texas A & M Univ. Rev. Financing System | 5.000% | 5/15/11 | 4,210 | 4,318 |
Texas A & M Univ. Rev. Financing System | 5.000% | 5/15/11 | 4,830 | 4,954 |
Texas A & M Univ. Rev. Financing System | 5.000% | 5/15/13 | 5,000 | 5,543 |
1 Texas GO TOB VRDO | 0.280% | 11/5/10 | 35,000 | 35,000 |
Texas GO TRAN | 2.000% | 8/31/11 | 100,000 | 101,381 |
Texas Muni. Gas Acquisition & Supply Corp. Rev. | 0.750% | 11/5/10 | 10,000 | 9,575 |
Texas Muni. Gas Acquisition & Supply Corp. Rev. | 5.000% | 12/15/12 | 5,000 | 5,276 |
Texas Muni. Gas Acquisition & Supply Corp. Rev. | 5.000% | 12/15/13 | 1,000 | 1,066 |
Texas Muni. Gas Acquisition & Supply Corp. Rev. | 5.625% | 12/15/17 | 50,000 | 54,502 |
Texas State Transp. Comm. First Tier | 5.000% | 4/1/12 | 9,605 | 10,227 |
Texas State Transp. Comm. First Tier | 5.000% | 4/1/13 | 12,000 | 13,259 |
Texas State Transp. Comm. First Tier | 5.000% | 4/1/14 | 27,410 | 31,169 |
Texas State Transp. Comm. First Tier PUT | 5.000% | 2/15/11 | 10,000 | 10,102 |
Texas State Univ. System Rev. | 5.000% | 3/15/12 | 2,380 | 2,525 |
Texas State Univ. System Rev. | 5.000% | 3/15/15 | 7,005 | 8,088 |
Texas Tech Univ. Rev. Refunding & Improvement | 4.000% | 2/15/13 | 3,000 | 3,224 |
Texas Tech Univ. Rev. Refunding & Improvement | 3.000% | 2/15/14 | 5,000 | 5,321 |
Texas Tech Univ. Rev. Refunding & Improvement | 5.000% | 2/15/15 | 4,000 | 4,613 |
1 Texas Transp. Comm. Mobility Fund GO TOB VRDO | 0.280% | 11/5/10 | 20,410 | 20,410 |
1 Texas Univ. System Financing Rev. TOB VRDO | 0.280% | 11/5/10 | 4,995 | 4,995 |
Texas Water Dev. Board Rev. | 5.000% | 7/15/13 | 5,275 | 5,887 |
Texas Water Dev. Board Rev. | 5.000% | 7/15/13 | 1,375 | 1,534 |
Texas Water Dev. Board Rev. | 5.000% | 7/15/16 | 6,330 | 7,508 |
Titus County TX Fresh Water Supply Dist. Rev. | 4.500% | 7/1/11 | 3,500 | 3,564 |
Univ. of Houston TX Rev. | 4.000% | 2/15/13 | 2,000 | 2,149 |
Univ. of Texas Permanent Univ. Fund Rev. | 5.250% | 8/15/16 | 10,090 | 12,105 |
Univ. of Texas Rev. Finance Systems | 5.000% | 8/15/14 | 1,325 | 1,523 |
Univ. of Texas Rev. Finance Systems | 5.000% | 8/15/14 | 1,775 | 2,040 |
Univ. of Texas Rev. Finance Systems | 5.000% | 8/15/17 | 25,135 | 30,003 |
Waco TX Educ. Finance Corp. (Baylor Univ.) VRDO | 0.250% | 11/5/10 | 19,045 | 19,045 |
Williamson County TX GO | 5.500% | 2/15/11 (4)(Prere.) | 4,845 | 4,920 |
| | | | 1,230,257 |
Utah (0.3%) | | | | |
Intermountain Power Agency Utah Power Supply Rev. | 5.000% | 7/1/13 | 7,590 | 8,382 |
Intermountain Power Agency Utah Power Supply Rev. | 5.000% | 7/1/15 | 17,170 | 19,833 |
Utah Muni. Finance Coop. Local Govt. Rev. | 0.000% | 3/1/11 (4) | 6,000 | 5,986 |
Utah Transit Auth. Sales Tax Rev. | 5.000% | 12/15/12 (4)(Prere.) | 4,425 | 4,842 |
| | | | 39,043 |
Virgin Islands (0.1%) | | | | |
Virgin Islands Public Finance Auth. Rev. | 5.000% | 10/1/15 | 5,000 | 5,508 |
Virgin Islands Public Finance Auth. Rev. | 5.000% | 10/1/16 | 8,000 | 8,870 |
| | | | 14,378 |
Virginia (1.8%) | | | | |
Arlington County VA IDA Rev. (Virginia Hosp Center Arlington Health System) | 5.000% | 7/1/16 | 1,700 | 1,912 |
Chesapeake VA Econ. Dev. Auth. PCR (Virginia Electric and Power Co. Project) PUT | 3.600% | 2/1/13 | 5,000 | 5,190 |
Fairfax County VA Water Auth. Rev. | 5.000% | 4/1/14 (Prere.) | 21,535 | 24,496 |
Loudoun County VA IDA Rev. (Howard Hughes Medical Institute) VRDO | 0.230% | 11/5/10 | 10,000 | 10,000 |
Loudoun County VA IDA Rev. (Howard Hughes Medical Institute) VRDO | 0.230% | 11/5/10 LOC | 6,000 | 6,000 |
New River Valley VA Jail Auth. Fac. Rev. | 4.000% | 4/1/11 | 5,810 | 5,868 |
Norfolk VA GO | 5.000% | 3/1/15 | 5,910 | 6,872 |
Norfolk VA GO | 5.000% | 3/1/16 | 4,000 | 4,720 |
Tobacco Settlement Financing Corp. Virginia Rev. | 5.625% | 6/1/15 (Prere.) | 5,000 | 5,958 |
Virginia Beach VA Refunding & Public Improvement | 5.000% | 7/15/15 | 2,825 | 3,317 |
Virginia Beach VA Refunding & Public Improvement | 5.000% | 7/15/16 | 6,905 | 8,228 |
Virginia College Building Auth. Educ. Fac. Rev. | 5.000% | 2/1/14 | 1,350 | 1,528 |
Virginia College Building Auth. Educ. Fac. Rev. | 5.000% | 9/1/15 | 7,330 | 8,582 |
Virginia College Building Auth. Educ. Fac. Rev. | 5.000% | 2/1/16 | 3,090 | 3,637 |
40
Limited-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Virginia College Building Auth. Educ. Fac. Rev. Public Higher Educ. Financing Program | 5.000% | 9/1/13 | 5,205 | 5,831 |
Virginia College Building Auth. Educ. Fac. Rev. Public Higher Educ. Financing Program | 5.000% | 9/1/13 | 3,135 | 3,512 |
Virginia College Building Auth. Educ. Fac. Rev. Public Higher Educ. Financing Program | 5.000% | 9/1/14 | 2,000 | 2,298 |
Virginia College Building Auth. Educ. Fac. Rev. Public Higher Educ. Financing Program | 5.000% | 9/1/15 | 2,150 | 2,517 |
Virginia College Building Auth. Educ. Fac. Rev. Public Higher Educ. Financing Program | 5.000% | 9/1/16 | 500 | 593 |
Virginia GO | 5.000% | 6/1/14 | 8,750 | 10,025 |
Virginia Public Building Auth. Public Fac. Rev. | 5.000% | 8/1/15 | 4,115 | 4,824 |
Virginia Public Building Auth. Rev. | 5.000% | 8/1/13 | 5,000 | 5,589 |
Virginia Public Building Auth. Rev. | 5.000% | 8/1/14 | 8,000 | 9,181 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/11 | 1,500 | 1,553 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/11 | 9,000 | 9,319 |
Virginia Public School Auth. Rev. | 4.000% | 8/1/12 | 3,605 | 3,827 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/13 | 7,655 | 8,556 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/14 | 3,815 | 4,378 |
Virginia Public School Auth. Rev. | 5.250% | 8/1/14 | 3,000 | 3,471 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/15 | 1,500 | 1,759 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/15 | 15,000 | 17,585 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/16 | 5,810 | 6,900 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/16 | 35,860 | 42,588 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/16 | 1,570 | 1,865 |
Virginia Small Business Finance Auth. Healthcare Fac. Rev. (Sentara Healthcare) | 5.000% | 11/1/13 | 3,500 | 3,863 |
York County VA Econ. Dev. Auth. PCR (VA Electric & Power Co.) PUT | 4.050% | 5/1/14 | 6,750 | 7,175 |
| | | | 253,517 |
Washington (3.4%) | | | | |
1 Bellevue WA GO TOB VRDO | 0.280% | 11/5/10 (4) | 10,000 | 10,000 |
Central Puget Sound WA Regional Transit Auth. Sales & Use Tax Rev. | 5.000% | 11/1/14 (2) | 8,125 | 9,332 |
Clark County WA Public Util. Rev. | 5.000% | 1/1/15 | 1,500 | 1,690 |
Energy Northwest Washington Electric Refunding Rev. (Project No. 1) | 5.000% | 7/1/11 | 45,365 | 46,799 |
Energy Northwest Washington Electric Refunding Rev. (Project No. 1) | 5.000% | 7/1/12 | 2,500 | 2,687 |
Energy Northwest Washington Electric Refunding Rev. (Project No. 1) | 5.500% | 7/1/17 (14) | 8,000 | 8,584 |
Energy Northwest Washington Electric Refunding Rev. (Project No. 1) | 6.000% | 7/1/17 (14) | 7,300 | 7,938 |
Energy Northwest Washington Electric Refunding Rev. (Project No. 3) | 5.000% | 7/1/15 | 6,000 | 7,000 |
Energy Northwest Washington Electric Refunding Rev. (Project No. 3) | 5.000% | 7/1/15 | 8,450 | 9,859 |
Energy Northwest Washington Electric Refunding Rev. (Project No. 3) | 5.000% | 7/1/16 | 24,000 | 28,350 |
Energy Northwest Washington Electric Refunding Rev. (Project No. 3) | 6.000% | 7/1/16 (2) | 9,000 | 9,786 |
Energy Northwest Washington Electric Refunding Rev. (Project No. 3) | 6.000% | 7/1/16 (4) | 10,000 | 10,873 |
Energy Northwest Washington Electric Refunding Rev. (Project No. 3) | 5.000% | 7/1/17 | 20,000 | 23,799 |
King County WA (Bellevue School Dist.) GO | 5.000% | 12/1/11 | 18,000 | 18,906 |
King County WA GO | 5.000% | 12/1/10 (ETM) | 4,790 | 4,810 |
King County WA GO | 5.000% | 12/1/10 | 7,595 | 7,627 |
1 King County WA Sewer Rev. TOB VRDO | 0.270% | 11/5/10 (4) | 6,470 | 6,470 |
1 King County WA Sewer Rev. TOB VRDO | 0.270% | 11/5/10 | 9,245 | 9,245 |
Port of Seattle WA Rev. | 5.000% | 3/1/11 (4) | 8,275 | 8,392 |
Port of Seattle WA Rev. | 5.000% | 3/1/12 (4) | 5,000 | 5,268 |
Seattle WA Muni. Light & Power Rev. | 5.000% | 2/1/16 | 3,500 | 4,096 |
Seattle WA Water System Rev. | 5.000% | 2/1/15 (4) | 4,725 | 5,475 |
Tacoma WA Electric System Rev. | 5.000% | 1/1/12 (4) | 5,000 | 5,258 |
Tacoma WA Electric System Rev. | 5.000% | 1/1/13 (4) | 10,485 | 11,441 |
Tacoma WA Electric System Rev. | 5.000% | 1/1/14 (4) | 25,720 | 28,864 |
Thurston County Washington School District GO | 5.000% | 6/1/13 (Prere.) | 7,100 | 7,885 |
Washington (Motor Vehicle Fuel Tax) GO | 5.000% | 7/1/11 | 4,760 | 4,910 |
Washington GO | 4.000% | 1/1/11 | 12,585 | 12,666 |
Washington GO | 5.000% | 7/1/11 | 4,750 | 4,899 |
Washington GO | 5.000% | 7/1/12 (2) | 11,530 | 12,389 |
Washington GO | 5.000% | 2/1/13 | 5,290 | 5,804 |
Washington GO | 5.000% | 7/1/13 (4) | 4,890 | 5,443 |
Washington GO | 5.000% | 1/1/14 | 19,395 | 21,857 |
Washington GO | 5.000% | 2/1/14 | 11,105 | 12,544 |
Washington GO | 5.000% | 7/1/15 (2) | 2,400 | 2,798 |
Washington GO | 5.700% | 10/1/15 | 6,250 | 6,999 |
Washington GO | 5.000% | 1/1/16 | 5,285 | 6,188 |
Washington GO | 5.000% | 1/1/16 | 20,000 | 23,416 |
Washington GO | 5.000% | 2/1/16 | 13,040 | 15,291 |
Washington GO | 5.000% | 2/1/16 | 3,995 | 4,685 |
Washington Health Care Fac. Auth. (Catholic Health Initiatives) VRDO | 0.250% | 11/5/10 | 20,000 | 20,000 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.000% | 8/15/15 | 2,500 | 2,771 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.000% | 8/15/16 | 2,500 | 2,768 |
Washington Health Care Fac. Auth. (PeaceHealth) | 5.000% | 11/1/13 | 1,205 | 1,329 |
Washington Health Care Fac. Auth. (PeaceHealth) | 5.000% | 11/1/14 | 1,340 | 1,507 |
Washington Health Care Fac. Auth. (Southwest Washington Medical Center) VRDO | 0.300% | 11/5/10 LOC | 6,780 | 6,780 |
| | | | 475,478 |
41
| | | | |
Limited-Term Tax-Exempt Fund | | | | |
|
|
|
|
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
West Virginia (0.4%) | | | | |
West Virginia Commissioner of Highways Special Obligation | 5.000% | 9/1/12 | 4,970 | 5,361 |
West Virginia Commissioner of Highways Special Obligation | 5.000% | 9/1/13 | 4,650 | 5,180 |
West Virginia Commissioner of Highways Special Obligation | 5.000% | 9/1/14 | 9,265 | 10,578 |
West Virginia Commissioner of Highways Special Obligation | 5.000% | 9/1/15 | 7,150 | 8,298 |
West Virginia Econ. Dev. Auth. PCR (Appalachian Power Company) PUT | 4.850% | 9/4/13 | 6,000 | 6,404 |
West Virginia Econ. Dev. Auth. PCR (Ohio Power) PUT | 3.125% | 4/1/15 | 15,000 | 15,208 |
West Virginia Hosp. Finance Auth. Rev. (Charleston Medical Center) | 5.000% | 9/1/15 | 3,070 | 3,377 |
West Virginia Hosp. Finance Auth. Rev. (Charleston Medical Center) | 4.125% | 9/1/16 | 1,755 | 1,843 |
| | | | 56,249 |
Wisconsin (1.3%) | | | | |
Badger Tobacco Asset Securitization Corp. WI | 6.000% | 6/1/12 (Prere.) | 5,000 | 5,432 |
Badger Tobacco Asset Securitization Corp. WI | 6.125% | 6/1/12 (Prere.) | 4,160 | 4,430 |
Madison WI Community Dev. Auth. Rev. (Wisconson Alumni Research Project) | 5.000% | 10/1/16 | 3,125 | 3,692 |
Madison WI Community Dev. Auth. Rev. (Wisconson Alumni Research Project) | 5.000% | 10/1/17 | 3,370 | 4,004 |
Wisconsin Annual Appropriation Rev. | 5.000% | 5/1/16 | 6,575 | 7,647 |
Wisconsin GO | 5.000% | 5/1/12 (14) | 15,775 | 16,843 |
Wisconsin GO | 5.000% | 5/1/13 | 7,750 | 8,580 |
Wisconsin GO | 5.250% | 5/1/13 | 16,810 | 18,700 |
Wisconsin GO | 5.000% | 5/1/14 (14) | 5,000 | 5,690 |
Wisconsin GO | 5.000% | 5/1/16 (14) | 11,240 | 12,538 |
Wisconsin GO | 5.000% | 5/1/16 | 13,870 | 16,354 |
Wisconsin GO | 5.000% | 5/1/16 | 10,530 | 12,416 |
Wisconsin GO | 5.000% | 5/1/17 | 8,000 | 9,504 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Aurora Health Care Inc.) | 5.000% | 4/15/15 | 1,495 | 1,616 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Aurora Health Care Inc.) | 5.000% | 4/15/16 | 1,100 | 1,182 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Aurora Health Care Inc.) PUT | 4.750% | 8/15/14 | 2,000 | 2,142 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Aurora Health Care Inc.) PUT | 5.125% | 8/15/16 | 10,390 | 11,398 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Ministry Health Care) | 5.000% | 8/1/14 (4) | 5,000 | 5,556 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Ministry Health Care) | 5.000% | 8/1/15 (4) | 2,000 | 2,247 |
Wisconsin Petroleum Inspection Fee Rev. | 5.000% | 7/1/16 | 10,000 | 11,677 |
Wisconsin Public Power System Power Supply System Rev. | 5.000% | 7/1/14 (4) | 4,145 | 4,687 |
Wisconsin Public Power System Power Supply System Rev. | 5.000% | 7/1/15 (4) | 11,390 | 13,088 |
Wisconsin Transp. Rev. | 5.000% | 7/1/12 | 1,000 | 1,073 |
Wisconsin Transp. Rev. | 5.000% | 7/1/13 | 1,100 | 1,222 |
Wisconsin Transp. Rev. | 5.000% | 7/1/15 | 2,000 | 2,326 |
| | | | 184,044 |
Total Tax-Exempt Municipal Bonds (Cost $13,199,044) | | | | 13,643,218 |
|
| | | Shares | |
Temporary Cash Investment (2.1%) | | | | |
Money Market Fund (2.1%) | | | | |
4 Vanguard Municipal Cash Management Fund (Cost $298,229) | 0.265% | | 298,229,068 | 298,229 |
Total Investments (99.5%) (Cost $13,497,273) | | | | 13,941,447 |
Other Assets and Liabilities (0.5%) | | | | |
Other Assets | | | | 199,525 |
Liabilities | | | | (133,207) |
| | | | 66,318 |
Net Assets (100%) | | | | 14,007,765 |
42
| |
Limited-Term Tax-Exempt Fund | |
|
|
|
|
At October 31, 2010, net assets consisted of: | |
| Amount |
| ($000) |
Paid-in Capital | 13,701,624 |
Undistributed Net Investment Income | — |
Accumulated Net Realized Losses | (139,035) |
Unrealized Appreciation (Depreciation) | |
Investment Securities | 444,174 |
Futures Contracts | 1,002 |
Net Assets | 14,007,765 |
|
Investor Shares—Net Assets | |
Applicable to 312,477,124 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,483,522 |
Net Asset Value Per Share—Investor Shares | $11.15 |
|
Admiral Shares—Net Assets | |
Applicable to 944,040,016 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 10,524,243 |
Net Asset Value Per Share—Admiral Shares | $11.15 |
• See Note A in Notes to Financial Statements.
1 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2010, the aggregate value of these securities was $780,175,000, representing 5.6% of net assets.
2 Securities with a value of $4,596,000 have been segregated as initial margin for open futures contracts.
3 Security purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of October 31, 2010.
4 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
For key to abbreviations and other references, see back cover.
See accompanying Notes, which are an integral part of the Financial Statements.
43
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Tax-Exempt Municipal Bonds (97.9%) | | | | |
Alabama (1.0%) | | | | |
Alabama GO | 5.250% | 6/1/11 (Prere.) | 3,455 | 3,555 |
Alabama GO | 5.250% | 6/1/11 (Prere.) | 5,155 | 5,305 |
Alabama GO | 5.250% | 6/1/11 (Prere.) | 5,105 | 5,253 |
Alabama GO | 5.250% | 6/1/11 (Prere.) | 5,105 | 5,253 |
Alabama Incentives Financing Auth. | 5.000% | 9/1/24 | 3,695 | 4,086 |
Alabama Incentives Financing Auth. | 5.000% | 9/1/24 | 2,520 | 2,787 |
Alabama Public School & College Auth. | 5.000% | 12/1/19 | 58,350 | 66,962 |
Alabama Public School & College Auth. | 5.000% | 12/1/20 | 60,660 | 68,839 |
Alabama Public School & College Auth. | 5.000% | 12/1/21 | 62,600 | 70,222 |
Alabama Public School & College Auth. | 5.000% | 12/1/22 | 13,595 | 15,139 |
Auburn Univ. Alabama General Fee Rev. | 5.000% | 6/1/16 | 3,690 | 4,329 |
Auburn Univ. Alabama General Fee Rev. | 5.000% | 6/1/17 | 1,550 | 1,829 |
Courtland AL Dev. Board Pollution Control Rev. (International Paper Co.) | 5.000% | 6/1/25 | 5,000 | 5,054 |
Huntsville AL Capital Improvement GO | 5.000% | 9/1/22 | 1,030 | 1,170 |
Infirmary Health System Special Care Fac. Financing Auth. Mobile AL Rev. | | | | |
(Infirmary Health System, I | 5.000% | 2/1/18 | 2,830 | 2,988 |
Infirmary Health System Special Care Fac. Financing Auth. Mobile AL Rev. | | | | |
(Infirmary Health System, I | 5.250% | 2/1/19 | 2,415 | 2,571 |
Infirmary Health System Special Care Fac. Financing Auth. Mobile AL Rev. | | | | |
(Infirmary Health System, I | 5.250% | 2/1/20 | 2,845 | 3,012 |
Infirmary Health System Special Care Fac. Financing Auth. Mobile AL Rev. | | | | |
(Infirmary Health System, I | 5.250% | 2/1/21 | 3,630 | 3,809 |
Infirmary Health System Special Care Fac. Financing Auth. Mobile AL Rev. | | | | |
(Infirmary Health System, I | 5.250% | 2/1/30 | 10,000 | 10,131 |
Jefferson County AL Sewer Rev. (Capital Improvement) | 5.000% | 8/1/12 (Prere.) | 15,040 | 16,192 |
Selma AL Indl. Dev. Brd. Rev. (Gulf Opportunity Zone) | 5.800% | 5/1/34 | 4,000 | 4,178 |
| | | | 302,664 |
Alaska (0.1%) | | | | |
Anchorage AK Electric Rev. | 8.000% | 12/1/11 (14) | 5,395 | 5,811 |
Matanuska-Susitna Borough AK GO | 5.500% | 3/1/12 (14) | 4,105 | 4,251 |
Northern Tobacco Securitization Corp. Alaska | 4.625% | 6/1/23 | 18,530 | 18,123 |
| | | | 28,185 |
Arizona (2.8%) | | | | |
Arizona Board Regents Arizona State Univ. System COP | 5.000% | 6/1/20 (2) | 2,430 | 2,654 |
Arizona Board Regents Arizona State Univ. System COP | 5.000% | 7/1/20 (14) | 5,120 | 5,653 |
Arizona Board Regents Arizona State Univ. System COP | 5.000% | 6/1/21 (2) | 4,310 | 4,630 |
Arizona Board Regents Arizona State Univ. System Rev. | 6.000% | 7/1/27 | 1,135 | 1,300 |
Arizona Board Regents Arizona State Univ. System Rev. | 5.000% | 6/1/28 | 2,545 | 2,763 |
Arizona COP | 5.000% | 9/1/25 (4) | 10,000 | 10,526 |
Arizona COP | 5.000% | 9/1/27 (4) | 5,000 | 5,199 |
Arizona Health Fac. Auth. Rev. (Banner Health) | 5.000% | 1/1/24 | 10,000 | 10,453 |
Arizona Health Fac. Auth. Rev. (Banner Health) | 5.000% | 1/1/25 | 7,500 | 7,830 |
Arizona Health Fac. Auth. Rev. (Banner Health) VRDO | 0.280% | 11/5/10 LOC | 18,000 | 18,000 |
Arizona Lottery Rev. | 5.000% | 7/1/22 (4) | 18,000 | 19,761 |
Arizona Lottery Rev. | 5.000% | 7/1/24 (4) | 15,000 | 16,201 |
Arizona Lottery Rev. | 5.000% | 7/1/25 (4) | 15,000 | 16,058 |
Arizona Lottery Rev. | 5.000% | 7/1/26 (4) | 13,975 | 14,884 |
Arizona School Fac. Board Rev. (State School Improvement) | 5.500% | 7/1/11 (Prere.) | 5,500 | 5,693 |
Arizona School Fac. Board Rev. (State School Improvement) | 5.500% | 7/1/11 (Prere.) | 5,000 | 5,176 |
Arizona School Fac. Board Rev. COP | 5.000% | 9/1/11 (14) | 10,000 | 10,343 |
Arizona School Fac. Board Rev. COP | 5.000% | 9/1/16 | 24,000 | 26,751 |
Arizona School Fac. Board Rev. COP | 5.000% | 9/1/16 (14) | 34,300 | 37,603 |
Arizona School Fac. Board Rev. COP | 5.000% | 9/1/17 | 21,000 | 23,606 |
Arizona School Fac. Board Rev. COP | 5.000% | 9/1/17 (14) | 26,755 | 29,173 |
Arizona School Fac. Board Rev. COP | 5.000% | 9/1/18 | 13,000 | 14,560 |
Arizona School Fac. Board Rev. COP | 5.125% | 9/1/21 | 5,000 | 5,442 |
Arizona Transp. Board Excise Tax Rev. | 5.000% | 7/1/18 | 10,000 | 11,735 |
Arizona Transp. Board Excise Tax Rev. | 5.000% | 7/1/19 | 10,000 | 11,554 |
Arizona Transp. Board Excise Tax Rev. | 5.000% | 7/1/20 | 11,500 | 13,139 |
Arizona Transp. Board Excise Tax Rev. | 5.000% | 7/1/21 | 16,300 | 18,415 |
Arizona Transp. Board Excise Tax Rev. | 5.000% | 7/1/24 | 10,000 | 11,108 |
Arizona Transp. Board Excise Tax Rev. | 5.000% | 7/1/25 | 7,540 | 8,340 |
Arizona Transp. Board Excise Tax Rev. (Maricopa County Regional Area) | 5.000% | 7/1/13 | 7,090 | 7,874 |
Arizona Transp. Board Excise Tax Rev. (Maricopa County Regional Area) | 5.000% | 7/1/14 | 8,000 | 9,117 |
Arizona Transp. Board Excise Tax Rev. (Maricopa County Regional Area) | 5.000% | 7/1/19 | 5,000 | 5,918 |
Arizona Transp. Board Excise Tax Rev. (Maricopa County Regional Area) | 5.000% | 7/1/22 | 9,940 | 11,485 |
Arizona Transp. Board Highway Rev. | 5.000% | 7/1/17 | 9,460 | 10,935 |
Arizona Transp. Board Highway Rev. | 5.250% | 7/1/18 | 4,000 | 4,258 |
Arizona Transp. Board Highway Rev. | 5.250% | 7/1/19 | 4,110 | 4,375 |
44
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Arizona Transp. Board Highway Rev. | 5.000% | 7/1/22 | 10,035 | 11,201 |
Arizona Transp. Board Highway Rev. | 5.000% | 7/1/23 | 8,180 | 9,035 |
Arizona Transp. Board Highway Rev. | 5.000% | 7/1/24 | 2,000 | 2,209 |
Arizona Transp. Board Highway Rev. | 5.000% | 7/1/25 | 5,000 | 5,565 |
Glendale AZ IDA (Midwestern Univ.) | 5.000% | 5/15/18 | 3,325 | 3,672 |
Glendale AZ IDA (Midwestern Univ.) | 5.000% | 5/15/19 | 2,000 | 2,195 |
Glendale AZ IDA (Midwestern Univ.) | 5.000% | 5/15/20 | 1,500 | 1,637 |
Glendale AZ IDA (Midwestern Univ.) | 5.000% | 5/15/21 | 1,500 | 1,623 |
Glendale AZ IDA (Midwestern Univ.) | 5.000% | 5/15/22 | 3,500 | 3,750 |
Glendale AZ IDA (Midwestern Univ.) | 5.000% | 5/15/23 | 3,805 | 4,048 |
Glendale AZ IDA (Midwestern Univ.) | 5.000% | 5/15/25 | 3,750 | 3,939 |
Glendale AZ IDA (Midwestern Univ.) | 5.000% | 5/15/26 | 2,890 | 3,017 |
Glendale AZ IDA (Midwestern Univ.) | 5.000% | 5/15/27 | 5,000 | 5,172 |
Glendale AZ IDA (Midwestern Univ.) | 5.000% | 5/15/30 | 14,000 | 14,483 |
Glendale AZ Trans. Excise Tax Rev. | 5.000% | 7/1/23 (14) | 4,235 | 4,602 |
Maricopa County AZ IDA Health Fac. Rev. (Catholic Healthcare West) | 5.000% | 7/1/16 | 6,500 | 7,231 |
Maricopa County AZ IDA Health Fac. Rev. (Catholic Healthcare West) | 5.000% | 7/1/17 | 10,000 | 11,061 |
Maricopa County AZ IDA Health Fac. Rev. (Catholic Healthcare West) | 5.000% | 7/1/18 | 6,000 | 6,520 |
Maricopa County AZ Regional Public Transp. Auth. Excise Tax Rev. | 5.000% | 7/1/21 | 6,220 | 7,102 |
Maricopa County AZ USD | 5.000% | 7/1/20 | 10,925 | 12,959 |
Maricopa County AZ USD | 5.000% | 7/1/21 | 11,915 | 14,065 |
Maricopa County AZ USD | 5.000% | 7/1/22 (ETM) | 4,810 | 5,841 |
Maricopa County AZ USD | 5.000% | 7/1/22 | 8,450 | 9,971 |
Mesa AZ GO | 5.250% | 7/1/12 (14) | 10,000 | 10,739 |
Mesa AZ Util. System Rev. | 5.000% | 7/1/19 (14) | 10,000 | 11,700 |
Mesa AZ Util. System Rev. | 5.000% | 7/1/21 (14) | 11,900 | 13,753 |
Phoenix AZ Civic Improvement Corp. Airport (Light Rail Project) | 5.000% | 7/1/18 (2) | 7,840 | 8,623 |
Phoenix AZ Civic Improvement Corp. Airport (Light Rail Project) | 5.000% | 7/1/19 (2) | 19,000 | 20,741 |
Phoenix AZ Civic Improvement Corp. Airport Rev. | 5.000% | 7/1/14 | 5,110 | 5,760 |
Phoenix AZ Civic Improvement Corp. Airport Rev. | 5.000% | 7/1/23 | 5,000 | 5,427 |
Phoenix AZ Civic Improvement Corp. Airport Rev. | 5.000% | 7/1/24 | 2,235 | 2,410 |
Phoenix AZ Civic Improvement Corp. Airport Rev. | 5.000% | 7/1/25 | 5,000 | 5,365 |
Phoenix AZ Civic Improvement Corp. Airport Rev. | 5.000% | 7/1/27 | 9,530 | 10,096 |
Phoenix AZ Civic Improvement Corp. Airport Rev. | 5.000% | 7/1/28 | 9,555 | 10,149 |
Phoenix AZ Civic Improvement Corp. Airport Rev. | 5.000% | 7/1/30 | 13,330 | 14,029 |
Phoenix AZ Civic Improvement Corp. Excise Tax Rev. | 5.000% | 7/1/22 (14) | 5,420 | 5,835 |
Phoenix AZ Civic Improvement Corp. Excise Tax Rev. | 4.750% | 7/1/24 | 7,805 | 8,402 |
Phoenix AZ Civic Improvement Corp. Rev. | 5.000% | 7/1/20 | 5,165 | 5,855 |
Phoenix AZ Civic Improvement Corp. Wastewater System Rev. | 5.375% | 7/1/12 (14) | 9,645 | 9,955 |
Phoenix AZ Civic Improvement Corp. Wastewater System Rev. | 5.375% | 7/1/13 (14) | 5,000 | 5,148 |
Phoenix AZ Civic Improvement Corp. Wastewater System Rev. | 5.375% | 7/1/14 (14) | 6,820 | 7,011 |
Phoenix AZ Civic Improvement Corp. Wastewater System Rev. | 5.500% | 7/1/24 | 2,500 | 2,856 |
Phoenix AZ Civic Improvement Corp. Water System Rev. | 5.500% | 7/1/14 (14) | 4,215 | 4,528 |
Phoenix AZ Civic Improvement Corp. Water System Rev. | 5.000% | 7/1/21 (14) | 4,200 | 4,658 |
Phoenix AZ Civic Improvement Corp. Water System Rev. | 5.000% | 7/1/28 | 4,890 | 5,381 |
1 Phoenix AZ Civic Improvement Corp. Water System Rev. TOB VRDO | 0.300% | 11/1/10 | 4,955 | 4,955 |
Phoenix AZ GO | 5.000% | 7/1/20 | 5,150 | 5,870 |
Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. | 5.000% | 1/1/21 | 3,450 | 3,968 |
Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. | 5.000% | 1/1/22 | 4,350 | 4,963 |
Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. | 5.000% | 1/1/28 | 2,500 | 2,719 |
1 Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. TOB VRDO | 0.280% | 11/5/10 | 8,500 | 8,500 |
1 Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. TOB VRDO | 0.280% | 11/5/10 | 5,000 | 5,000 |
Salt Verde Arizona Financial Project Rev. | 5.250% | 12/1/21 | 3,500 | 3,596 |
Salt Verde Arizona Financial Project Rev. | 5.250% | 12/1/22 | 3,790 | 3,862 |
Salt Verde Arizona Financial Project Rev. | 5.250% | 12/1/23 | 8,335 | 8,478 |
Salt Verde Arizona Financial Project Rev. | 5.250% | 12/1/24 | 4,485 | 4,534 |
Salt Verde Arizona Financial Project Rev. | 5.250% | 12/1/25 | 18,880 | 19,060 |
Salt Verde Arizona Financial Project Rev. | 5.250% | 12/1/26 | 2,645 | 2,668 |
Scottsdale AZ Muni. Property Corp. Excise Tax Rev. | 5.000% | 7/1/16 (Prere.) | 6,850 | 8,194 |
Scottsdale AZ Muni. Property Corp. Excise Tax Rev. | 5.000% | 7/1/16 (Prere.) | 7,280 | 8,709 |
Scottsdale AZ Muni. Property Corp. Excise Tax Rev. | 5.000% | 7/1/16 (Prere.) | 5,710 | 6,830 |
Scottsdale AZ Muni. Property Corp. Excise Tax Rev. | 5.000% | 7/1/22 | 12,415 | 14,730 |
Tucson AZ GO | 7.375% | 7/1/13 | 3,750 | 4,381 |
Tucson AZ GO | 5.000% | 7/1/26 (12) | 1,000 | 1,071 |
Tucson AZ GO | 5.000% | 7/1/29 (12) | 1,000 | 1,052 |
Univ. Medical Center Corp. AZ Hosp. Rev. | 6.250% | 7/1/29 | 1,500 | 1,631 |
| | | | 876,602 |
California (12.2%) | | | | |
Bay Area CA Infrastructure Financing Auth. Rev. | 5.000% | 8/1/17 (14) | 2,000 | 2,069 |
Bay Area CA Infrastructure Financing Auth. Rev. | 5.000% | 8/1/17 (10) | 4,500 | 4,733 |
Bay Area CA Infrastructure Financing Auth. Rev. | 5.000% | 8/1/17 (14) | 16,140 | 17,144 |
Bay Area Toll Auth. CA Toll Bridge Rev. | 5.000% | 4/1/21 | 20,195 | 22,100 |
45
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Bay Area Toll Auth. CA Toll Bridge Rev. | 5.000% | 4/1/21 | 7,000 | 7,836 |
Bay Area Toll Auth. CA Toll Bridge Rev. | 5.000% | 4/1/23 | 26,400 | 28,587 |
Bay Area Toll Auth. CA Toll Bridge Rev. | 5.000% | 4/1/24 | 22,220 | 23,840 |
Beverly Hills CA USD GO | 0.000% | 8/1/28 | 5,000 | 2,124 |
Beverly Hills CA USD GO | 0.000% | 8/1/29 | 8,000 | 3,162 |
1 California Dept. of Veteran Affairs Rev. TOB VRDO | 0.280% | 11/5/10 | 11,140 | 11,140 |
California GO | 5.000% | 4/1/12 | 2,500 | 2,647 |
California GO | 5.250% | 10/1/13 (14) | 5,615 | 6,257 |
California GO | 5.250% | 2/1/14 | 20,000 | 22,064 |
California GO | 5.000% | 6/1/14 (Prere.) | 8,580 | 9,785 |
California GO | 5.000% | 8/1/14 | 6,250 | 7,012 |
California GO | 5.250% | 11/1/14 | 10,000 | 11,087 |
California GO | 5.000% | 3/1/15 | 6,000 | 6,774 |
California GO | 5.250% | 11/1/15 | 10,225 | 11,256 |
California GO | 6.000% | 2/1/16 | 1,500 | 1,777 |
California GO | 5.000% | 4/1/16 | 10,000 | 11,421 |
California GO | 5.000% | 3/1/17 | 3,000 | 3,433 |
California GO | 5.000% | 4/1/17 | 9,500 | 10,878 |
California GO | 5.000% | 4/1/17 | 13,050 | 14,944 |
California GO | 5.500% | 4/1/18 | 45,035 | 53,076 |
California GO | 6.000% | 4/1/18 | 11,480 | 13,886 |
California GO | 5.000% | 9/1/18 | 33,800 | 37,792 |
California GO | 5.000% | 12/1/18 | 85 | 93 |
California GO | 5.500% | 4/1/19 | 5,000 | 5,860 |
California GO | 5.000% | 4/1/20 | 18,000 | 20,045 |
California GO | 5.000% | 8/1/20 | 18,970 | 20,654 |
California GO | 5.000% | 11/1/20 (14) | 5,000 | 5,486 |
California GO | 5.250% | 11/1/20 | 9,000 | 9,822 |
California GO | 5.000% | 2/1/21 | 13,000 | 13,792 |
California GO | 5.000% | 3/1/21 | 4,700 | 5,170 |
California GO | 5.500% | 4/1/21 | 3,185 | 3,592 |
California GO | 5.000% | 12/1/21 | 16,365 | 17,763 |
California GO | 5.000% | 3/1/22 (2) | 9,225 | 9,745 |
California GO | 5.000% | 3/1/22 | 6,375 | 6,810 |
California GO | 5.250% | 10/1/22 | 15,000 | 16,272 |
California GO | 5.000% | 3/1/23 | 36,120 | 37,696 |
California GO | 5.000% | 3/1/23 | 29,000 | 30,528 |
California GO | 5.125% | 11/1/23 | 7,000 | 7,371 |
California GO | 5.000% | 3/1/24 | 30,115 | 31,445 |
California GO | 5.500% | 8/1/26 | 23,665 | 25,358 |
California GO | 5.750% | 4/1/29 | 2,395 | 2,619 |
California GO | 5.000% | 10/1/29 | 27,000 | 27,802 |
California GO | 5.250% | 3/1/30 | 29,500 | 30,986 |
California GO | 5.750% | 4/1/31 | 79,190 | 86,236 |
California GO | 6.000% | 3/1/33 | 14,000 | 16,081 |
California GO | 6.500% | 4/1/33 | 54,500 | 64,074 |
California GO VRDO | 0.250% | 11/5/10 LOC | 16,850 | 16,850 |
California Health Fac. Finance Auth. Rev. (Adventist Health System) | 5.000% | 3/1/12 | 2,000 | 2,086 |
California Health Fac. Finance Auth. Rev. (Adventist Health System) | 5.000% | 3/1/13 | 2,000 | 2,135 |
California Health Fac. Finance Auth. Rev. (Adventist Health System) | 5.000% | 3/1/14 | 2,205 | 2,393 |
California Health Fac. Finance Auth. Rev. (Catholic Healthcare West) | 5.125% | 7/1/22 | 16,000 | 16,898 |
California Health Fac. Finance Auth. Rev. (Catholic Healthcare West) VRDO | 0.260% | 11/5/10 LOC | 22,940 | 22,940 |
California Health Fac. Finance Auth. Rev. (Sutter Health) | 5.000% | 8/15/15 | 7,550 | 8,439 |
California Health Fac. Finance Auth. Rev. (Sutter Health) | 5.500% | 8/15/16 | 5,000 | 5,719 |
California Health Fac. Finance Auth. Rev. (Sutter Health) | 5.500% | 8/15/17 | 5,000 | 5,707 |
California Health Fac. Financing Auth. Rev. (Catholic Healthcare West) PUT | 5.000% | 7/1/14 | 15,000 | 16,407 |
California Health Fac. Financing Auth. Rev. (Cedars-Sinai Medical Center) | 5.000% | 11/15/17 | 8,000 | 8,689 |
California Health Fac. Financing Auth. Rev. (Cedars-Sinai Medical Center) | 5.000% | 11/15/19 | 3,135 | 3,338 |
California Health Fac. Financing Auth. Rev. (Cedars-Sinai Medical Center) | 5.000% | 11/15/20 | 4,180 | 4,416 |
California Health Fac. Financing Auth. Rev. (Cedars-Sinai Medical Center) | 5.000% | 11/15/21 | 6,165 | 6,476 |
California Health Fac. Financing Auth. Rev. (Scripps Health) | 5.000% | 10/1/19 | 8,080 | 8,880 |
California Health Fac. Financing Auth. Rev. (Scripps Health) | 5.500% | 10/1/20 | 4,000 | 4,482 |
California Health Fac. Financing Auth. Rev. (Scripps Health) | 5.000% | 10/1/21 | 7,110 | 7,658 |
California Health Fac. Financing Auth. Rev. (Scripps Health) | 5.000% | 10/1/22 | 3,250 | 3,465 |
California Health Fac. Financing Auth. Rev. (St. Joseph Health System) | 5.250% | 7/1/21 | 25,980 | 28,498 |
California Health Fac. Financing Auth. Rev. (St. Joseph Health System) | 5.500% | 7/1/29 | 15,000 | 15,966 |
California Infrastructure & Econ. Dev. Bank Rev. | 5.000% | 2/1/14 | 9,000 | 9,840 |
California PCR Financing Auth. COP | 5.000% | 2/1/15 | 1,615 | 1,723 |
California PCR Financing Auth. COP | 5.000% | 2/1/16 | 2,070 | 2,203 |
California PCR Financing Auth. COP | 5.000% | 2/1/20 | 1,575 | 1,625 |
California PCR Financing Auth. COP | 5.000% | 2/1/21 | 1,700 | 1,736 |
California PCR Financing Auth. COP | 5.250% | 2/1/24 | 5,000 | 5,066 |
46
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
California Public Works Board Lease Rev. | 6.250% | 11/1/24 | 13,665 | 15,463 |
California Public Works Board Lease Rev. (Dept. of Corrections) | 5.250% | 1/1/16 (2) | 5,265 | 5,855 |
California Public Works Board Lease Rev. (Dept. of Corrections) | 5.000% | 6/1/25 | 3,100 | 3,131 |
California Public Works Board Lease Rev. (Dept. of General Services) | 6.125% | 4/1/28 | 5,000 | 5,442 |
California Public Works Board Lease Rev. (Dept. of General Services) | 6.125% | 4/1/29 | 2,000 | 2,167 |
California Public Works Board Lease Rev. (State Archives) | 5.375% | 12/1/10 | 6,635 | 6,660 |
California Public Works Board Lease Rev. (State Archives) | 5.375% | 12/1/12 | 7,895 | 7,919 |
California Public Works Board Lease Rev. (Univ. of California) | 5.000% | 5/1/14 | 8,370 | 9,403 |
California Public Works Board Lease Rev. (Univ. of California) | 5.000% | 5/1/15 | 9,980 | 11,375 |
California Public Works Board Lease Rev. (Univ. of California) | 5.000% | 5/1/16 | 8,750 | 9,839 |
California Public Works Board Lease Rev. (Univ. of California) | 5.000% | 5/1/17 | 4,985 | 5,540 |
California Public Works Board Lease Rev. (Univ. of California) | 5.000% | 5/1/18 | 5,700 | 6,266 |
California Public Works Board Lease Rev. (Univ. of California) | 5.000% | 5/1/19 | 11,820 | 12,905 |
California Public Works Board Lease Rev. (Univ. of California) | 5.000% | 5/1/20 | 10,000 | 10,809 |
California Public Works Board Lease Rev. (Univ. of California) | 5.000% | 5/1/21 | 15,230 | 16,323 |
California Public Works Board Lease Rev. (Univ. of California) | 5.000% | 5/1/22 | 15,235 | 16,367 |
California Public Works Board Lease Rev. (Univ. of California) | 5.000% | 5/1/23 | 8,765 | 9,389 |
California Public Works Board Lease Rev. (Univ. of California) | 5.000% | 5/1/24 | 9,650 | 10,286 |
California Public Works Board Lease Rev. (Univ. of California) | 5.000% | 5/1/25 | 7,500 | 7,929 |
California State Dept. of Water Resources Power Supply Rev. | 5.375% | 5/1/12 (Prere.) | 37,000 | 40,109 |
California State Dept. of Water Resources Power Supply Rev. | 5.500% | 5/1/12 (Prere.) | 10,000 | 10,859 |
California State Dept. of Water Resources Power Supply Rev. | 5.500% | 5/1/12 (2)(Prere.) | 61,875 | 67,189 |
California State Dept. of Water Resources Power Supply Rev. | 5.500% | 5/1/12 (14) | 8,000 | 8,570 |
California State Dept. of Water Resources Power Supply Rev. | 6.000% | 5/1/12 (Prere.) | 20,000 | 21,890 |
California State Dept. of Water Resources Power Supply Rev. | 6.000% | 5/1/12 (Prere.) | 10,000 | 10,934 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/16 | 7,790 | 9,041 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/17 | 10,000 | 11,663 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/18 | 12,000 | 14,018 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/19 | 44,535 | 52,055 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/20 | 20,000 | 23,354 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/21 | 20,000 | 22,480 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/21 | 30,000 | 34,574 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/22 | 19,250 | 21,487 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/22 | 10,000 | 11,427 |
California State Econ. Recovery Bonds | 5.000% | 7/1/14 (Prere.) | 28,925 | 33,278 |
California State Econ. Recovery Bonds | 5.000% | 7/1/15 | 41,775 | 46,971 |
California State Econ. Recovery Bonds | 5.000% | 7/1/16 | 7,000 | 7,152 |
California State Econ. Recovery Bonds | 5.000% | 7/1/20 | 29,500 | 33,987 |
California State Econ. Recovery Bonds | 5.250% | 7/1/21 | 50,000 | 57,932 |
California State Univ. Rev. Systemwide | 5.000% | 11/1/26 | 14,775 | 15,997 |
California State Univ. Rev. Systemwide | 5.750% | 11/1/27 | 5,000 | 5,668 |
California Statewide Communities Dev. Auth. Rev. | 5.000% | 6/15/13 | 135,500 | 147,723 |
California Statewide Communities Dev. Auth. Rev. (Cottage Health Systems) | 5.250% | 11/1/30 | 8,520 | 8,911 |
California Statewide Communities Dev. Auth. Rev. (Kaiser Permanente) | 5.000% | 4/1/16 | 40,000 | 44,825 |
California Statewide Communities Dev. Auth. Rev. (Kaiser Permanente) | 5.000% | 4/1/19 | 9,500 | 10,564 |
California Statewide Communities Dev. Auth. Rev. (Kaiser Permanente) PUT | 3.900% | 7/1/14 | 23,550 | 25,247 |
California Statewide Communities Dev. Auth. Rev. (Redlands Community Hosp.) VRDO | 0.250% | 11/5/10 LOC | 27,800 | 27,800 |
1 California Statewide Communities Dev. Auth. Rev. (Sutter Health) TOB VRDO | 0.280% | 11/5/10 | 13,000 | 13,000 |
Cerritos CA Community College Dist. GO | 5.250% | 8/1/28 | 3,540 | 3,880 |
Cerritos CA Community College Dist. GO | 5.250% | 8/1/29 | 3,160 | 3,449 |
Cerritos CA Community College Dist. GO | 5.250% | 8/1/30 | 4,235 | 4,606 |
El Monte CA High School Dist. GO | 5.500% | 6/1/27 (12) | 2,630 | 2,945 |
El Monte CA High School Dist. GO | 5.500% | 6/1/28 (12) | 2,355 | 2,620 |
El Segundo CA USD | 0.000% | 8/1/28 | 2,705 | 995 |
El Segundo CA USD | 0.000% | 8/1/29 | 8,655 | 2,946 |
El Segundo CA USD | 0.000% | 8/1/30 | 9,160 | 2,899 |
Fairfield CA COP (Fairfield Water) | 0.000% | 4/1/23 (10) | 1,000 | 491 |
Fairfield CA COP (Fairfield Water) | 0.000% | 4/1/24 (10) | 3,455 | 1,585 |
Fairfield CA COP (Fairfield Water) | 0.000% | 4/1/25 (10) | 6,340 | 2,718 |
Fairfield CA COP (Fairfield Water) | 0.000% | 4/1/27 (10) | 6,480 | 2,398 |
Folsom Cordova CA USD School Fac. Improvement Dist. | 0.000% | 10/1/23 (14) | 2,875 | 1,376 |
Folsom Cordova CA USD School Fac. Improvement Dist. | 0.000% | 10/1/24 (14) | 1,700 | 763 |
Folsom Cordova CA USD School Fac. Improvement Dist. | 0.000% | 10/1/25 (14) | 2,055 | 861 |
Folsom Cordova CA USD School Fac. Improvement Dist. | 0.000% | 10/1/26 (14) | 2,985 | 1,163 |
Folsom Cordova CA USD School Fac. Improvement Dist. | 0.000% | 10/1/27 (14) | 2,980 | 1,071 |
Folsom Cordova CA USD School Fac. Improvement Dist. | 0.000% | 10/1/28 (14) | 2,875 | 954 |
Foothill/Eastern Corridor Agency California Toll Road Rev. | 5.125% | 1/15/19 (14) | 5,200 | 5,200 |
Foothill/Eastern Corridor Agency California Toll Road Rev. | 0.000% | 1/15/28 (14) | 15,000 | 15,223 |
Fresno CA Sewer Rev. | 6.250% | 9/1/14 (2) | 12,000 | 13,114 |
Fresno CA Sewer Rev. | 5.000% | 9/1/25 (12) | 2,275 | 2,470 |
Fresno CA Sewer Rev. | 5.000% | 9/1/26 (12) | 7,425 | 8,008 |
Fresno CA Sewer Rev. | 5.000% | 9/1/27 (12) | 7,835 | 8,390 |
47
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Gilroy CA USD GO | 0.000% | 8/1/30 (12) | 5,500 | 1,701 |
Golden State Tobacco Securitization Corp. California | 6.250% | 6/1/13 (Prere.) | 84,615 | 93,712 |
Golden State Tobacco Securitization Corp. California | 6.750% | 6/1/13 (Prere.) | 79,735 | 92,053 |
Golden State Tobacco Securitization Corp. California | 5.000% | 6/1/14 | 9,000 | 9,436 |
Golden State Tobacco Securitization Corp. California | 5.000% | 6/1/15 | 6,505 | 6,836 |
Golden State Tobacco Securitization Corp. California | 5.000% | 6/1/16 | 12,545 | 13,091 |
Golden State Tobacco Securitization Corp. California | 5.000% | 6/1/21 (2) | 15,000 | 15,035 |
Golden State Tobacco Securitization Corp. California | 4.500% | 6/1/27 | 79,585 | 71,879 |
Golden State Tobacco Securitization Corp. California | 5.000% | 6/1/29 (2) | 30,000 | 29,359 |
Golden State Tobacco Securitization Corp. California | 5.000% | 6/1/30 (2) | 18,400 | 17,884 |
Hacienda La Puente CA USD | 5.000% | 8/1/25 (4) | 7,000 | 7,908 |
La Mesa-Spring Valley CA School Dist. GO | 0.000% | 8/1/23 (14) | 2,090 | 1,049 |
La Mesa-Spring Valley CA School Dist. GO | 0.000% | 8/1/25 (14) | 3,635 | 1,609 |
La Mesa-Spring Valley CA School Dist. GO | 0.000% | 8/1/27 (14) | 1,500 | 579 |
La Mesa-Spring Valley CA School Dist. GO | 0.000% | 8/1/28 (14) | 3,170 | 1,138 |
Long Beach CA Finance Auth. Tax Rev. | 5.500% | 11/1/18 (2) | 5,495 | 6,116 |
Long Beach CA Finance Auth. Tax Rev. | 5.500% | 11/1/19 (2) | 3,970 | 4,395 |
Long Beach CA Finance Auth. Tax Rev. | 5.500% | 11/1/20 (2) | 3,250 | 3,569 |
Long Beach CA Finance Auth. Tax Rev. | 5.500% | 11/1/21 (2) | 7,645 | 8,305 |
Long Beach CA Finance Auth. Tax Rev. | 5.500% | 11/1/22 (2) | 3,535 | 3,816 |
Long Beach CA USD GO | 0.000% | 8/1/23 (12) | 1,995 | 1,034 |
Long Beach CA USD GO | 0.000% | 8/1/26 (12) | 2,925 | 1,238 |
Los Angeles CA Community College Dist. GO | 5.000% | 8/1/28 | 7,210 | 7,793 |
Los Angeles CA Community College Dist. GO | 5.250% | 8/1/29 | 4,145 | 4,544 |
1 Los Angeles CA Community College Dist. GO TOB VRDO | 0.290% | 11/5/10 | 7,500 | 7,500 |
Los Angeles CA Dept. of Airports International Airport Rev. | 5.000% | 5/15/23 | 3,115 | 3,378 |
Los Angeles CA Dept. of Airports International Airport Rev. | 5.000% | 5/15/26 | 3,250 | 3,455 |
Los Angeles CA Dept. of Airports International Airport Rev. | 5.000% | 5/15/27 | 3,250 | 3,436 |
Los Angeles CA Dept. of Airports International Airport Rev. | 5.000% | 5/15/28 | 3,960 | 4,166 |
Los Angeles CA Dept. of Water & Power Rev. | 5.250% | 7/1/15 | 20,000 | 20,581 |
Los Angeles CA Dept. of Water & Power Rev. VRDO | 0.260% | 11/5/10 | 22,400 | 22,400 |
Los Angeles CA Harbor Dept. Rev. | 5.000% | 8/1/28 | 6,930 | 7,490 |
Los Angeles CA Muni. Improvement Corp. Lease Rev. (Police Headquarters Fac.) | 5.000% | 1/1/24 (14) | 15,435 | 15,905 |
Los Angeles CA USD GO | 5.000% | 7/1/16 | 7,290 | 8,483 |
Los Angeles CA USD GO | 5.000% | 7/1/16 (12) | 6,900 | 8,057 |
Los Angeles CA USD GO | 4.750% | 7/1/19 (4) | 12,500 | 13,750 |
Los Angeles CA USD GO | 5.000% | 7/1/19 | 23,635 | 27,516 |
Los Angeles CA USD GO | 5.000% | 7/1/21 (4) | 10,000 | 11,111 |
Los Angeles CA USD GO | 5.000% | 7/1/21 (4) | 4,000 | 4,445 |
Los Angeles CA USD GO | 5.000% | 7/1/22 (4) | 22,410 | 24,695 |
Los Angeles CA USD GO | 5.000% | 7/1/23 (4) | 6,425 | 7,028 |
Los Angeles CA USD GO | 5.000% | 7/1/23 (3) | 31,690 | 33,615 |
Los Angeles CA USD GO | 5.000% | 7/1/23 (3) | 24,035 | 25,676 |
Los Angeles CA USD GO | 5.250% | 7/1/23 | 8,835 | 9,937 |
Los Angeles CA USD GO | 5.250% | 7/1/23 | 5,000 | 5,624 |
Los Angeles CA USD GO | 5.000% | 7/1/24 (14) | 19,915 | 20,959 |
Los Angeles CA USD GO | 5.000% | 7/1/25 (4) | 7,330 | 7,920 |
Los Angeles CA USD GO | 5.000% | 7/1/26 | 7,500 | 8,119 |
Los Angeles CA USD GO | 4.500% | 1/1/28 (14) | 10,000 | 9,917 |
Los Angeles CA USD GO | 5.250% | 7/1/28 | 8,000 | 8,755 |
Los Angeles CA USD GO | 5.200% | 7/1/29 | 6,295 | 6,770 |
Los Angeles CA Wastewater System Rev. | 5.000% | 6/1/29 | 6,520 | 7,069 |
Los Angeles County CA Metro. Transp. Auth. Sales Tax Rev. | 5.000% | 7/1/15 | 10,665 | 12,448 |
Los Angeles County CA Metro. Transp. Auth. Sales Tax Rev. | 5.000% | 7/1/19 | 8,500 | 10,147 |
Los Angeles County CA Metro. Transp. Auth. Sales Tax Rev. | 5.000% | 7/1/20 | 5,000 | 5,882 |
Los Angeles County CA Metro. Transp. Auth. Sales Tax Rev. | 5.000% | 7/1/21 | 5,000 | 5,800 |
Los Angeles County CA TRAN | 2.000% | 6/30/11 | 40,000 | 40,400 |
M-S-R California Energy Auth. Rev. | 7.000% | 11/1/34 | 6,000 | 7,358 |
New Haven CA USD GO | 0.000% | 8/1/33 (12) | 8,625 | 2,188 |
Newport Beach CA Rev. (Hoag Memorial Hosp.) PUT | 5.000% | 2/7/13 | 5,000 | 5,420 |
Northern California Power Agency (Hydroelectric Project) | 5.000% | 7/1/24 (12) | 1,130 | 1,221 |
Oakland CA Redev. Agency (Central Dist.) | 5.000% | 9/1/21 (2) | 14,775 | 14,628 |
Oakland CA USD GO | 6.250% | 8/1/18 | 1,000 | 1,177 |
Oakland CA USD GO | 6.250% | 8/1/19 | 1,150 | 1,353 |
Orange County CA Airport Rev. | 5.250% | 7/1/25 | 6,480 | 7,153 |
Orange County CA Sanitation Dist. COP | 5.000% | 2/1/28 | 7,250 | 7,947 |
Orange County CA Sanitation Dist. COP | 5.000% | 2/1/29 | 4,510 | 4,920 |
Orange County CA Sanitation Dist. COP | 5.000% | 2/1/29 (4) | 2,500 | 2,678 |
Palmdale CA Community Redev. Agency | 5.000% | 9/1/28 (14) | 10,965 | 10,875 |
Palo Alto CA USD GO | 0.000% | 8/1/23 | 13,900 | 7,698 |
Palo Alto CA USD GO | 0.000% | 8/1/28 | 20,320 | 8,224 |
Palo Alto CA USD GO | 0.000% | 8/1/29 | 19,530 | 7,349 |
48
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Palo Alto CA USD GO | 0.000% | 8/1/31 | 12,305 | 3,998 |
Pittsburg CA Redev. Agency Tax Allocation (Los Medanos Community Dev.) | 6.500% | 9/1/28 | 9,000 | 10,083 |
Poway CA USD GO | 0.000% | 8/1/29 | 5,000 | 1,702 |
Redding CA Electric System COP | 5.000% | 6/1/23 (4) | 6,875 | 7,400 |
Redding CA Electric System COP | 5.000% | 6/1/25 (4) | 7,860 | 8,343 |
Redding CA Electric System COP | 5.000% | 6/1/27 (4) | 4,660 | 4,885 |
Riverside CA Electric Rev. VRDO | 0.290% | 11/5/10 LOC | 6,500 | 6,500 |
Rocklin CA USD | 0.000% | 8/1/22 (14) | 5,450 | 3,085 |
Roseville CA Natural Gas Financing Auth. | 5.000% | 2/15/20 | 4,705 | 4,906 |
Sacramento CA Muni. Util. Dist. Financing Auth. Rev. | 5.000% | 7/1/18 (14) | 2,000 | 2,162 |
Sacramento County CA Airport Rev. | 5.500% | 7/1/27 | 7,870 | 8,519 |
Sacramento County CA Airport Rev. | 5.500% | 7/1/28 | 5,000 | 5,378 |
Sacramento County CA Airport Rev. | 5.625% | 7/1/29 | 4,625 | 4,975 |
Sacramento County CA GO | 5.000% | 2/1/15 | 9,190 | 10,003 |
Sacramento County CA GO | 5.000% | 2/1/17 | 4,650 | 5,061 |
Sacramento County CA GO | 5.250% | 2/1/18 | 6,140 | 6,744 |
Sacramento County CA GO | 5.250% | 2/1/19 | 4,940 | 5,402 |
Sacramento County CA GO | 5.500% | 2/1/20 | 4,700 | 5,180 |
Saddleback Valley CA USD | 5.000% | 8/1/23 (4) | 5,460 | 5,876 |
San Bernardino County CA Medical Center COP (Arrowhead Project) | 5.000% | 8/1/17 | 2,500 | 2,734 |
San Bernardino County CA Medical Center COP (Arrowhead Project) | 5.000% | 8/1/18 | 8,995 | 9,782 |
San Bernardino County CA Medical Center COP (Arrowhead Project) | 5.000% | 8/1/19 | 8,500 | 9,193 |
San Diego CA Community College Dist. GO | 5.250% | 8/1/33 | 3,325 | 3,606 |
San Diego CA Public Fac. Financing Auth. Sewer Rev. | 5.000% | 5/15/13 | 8,000 | 8,844 |
San Diego CA Public Fac. Financing Auth. Sewer Rev. | 5.000% | 5/15/21 | 5,000 | 5,744 |
San Diego CA Public Fac. Financing Auth. Sewer Rev. | 5.250% | 5/15/25 | 10,000 | 11,436 |
San Diego CA Public Fac. Financing Auth. Sewer Rev. | 5.000% | 5/15/28 | 2,000 | 2,183 |
San Diego CA USD GO | 5.500% | 7/1/25 (14) | 10,000 | 11,568 |
San Diego CA USD GO | 5.500% | 7/1/27 (4) | 17,195 | 20,172 |
San Francisco CA City & County International Airport Rev. | 5.000% | 5/1/18 | 15,000 | 17,512 |
San Francisco CA City & County International Airport Rev. | 5.000% | 5/1/21 | 10,000 | 11,377 |
San Francisco CA City & County International Airport Rev. | 5.000% | 5/1/22 | 14,135 | 15,898 |
San Francisco CA City & County International Airport Rev. | 5.250% | 5/1/22 | 5,500 | 6,224 |
1 San Francisco CA City and County Public Utilites Comm. Water Rev. TOB VRDO | 0.280% | 11/5/10 | 11,500 | 11,500 |
San Joaquin Hills CA Transp. Corridor Agency Toll Road Rev. | 0.000% | 1/1/21 (ETM) | 6,000 | 4,445 |
San Joaquin Hills CA Transp. Corridor Agency Toll Road Rev. | 0.000% | 1/15/21 (14) | 12,385 | 5,903 |
San Jose CA Redev. Agency | 5.000% | 8/1/20 (2) | 20,000 | 20,922 |
San Jose CA Redev. Agency | 5.000% | 8/1/23 (2) | 24,900 | 25,351 |
San Jose CA Redev. Agency | 5.000% | 8/1/24 (14) | 29,885 | 30,483 |
San Jose CA Redev. Agency | 5.250% | 8/1/27 | 2,400 | 2,461 |
San Jose CA Redev. Agency | 5.375% | 8/1/28 | 1,175 | 1,210 |
San Jose CA Redev. Agency | 6.500% | 8/1/28 | 25,385 | 27,823 |
1 San Jose CA USD Santa Clara County TOB VRDO | 0.290% | 11/5/10 | 5,000 | 5,000 |
San Mateo County CA Joint Powers Auth. Lease Rev. | 4.625% | 7/15/25 | 1,000 | 1,048 |
San Mateo County CA Joint Powers Auth. Lease Rev. | 5.250% | 7/15/28 | 2,000 | 2,145 |
San Ramon Valley CA USD GO | 5.000% | 8/1/26 (4) | 12,800 | 13,620 |
Santa Clara County CA Financing Auth. Lease Rev. | 5.000% | 11/15/19 | 13,825 | 15,815 |
Santa Clara County CA Financing Auth. Lease Rev. | 5.000% | 11/15/20 | 7,400 | 8,355 |
Santa Monica CA Community College Dist. | 0.000% | 8/1/23 | 9,045 | 4,886 |
Santa Monica CA Community College Dist. | 0.000% | 8/1/27 | 6,565 | 2,733 |
Santa Monica CA Community College Dist. | 0.000% | 8/1/28 | 7,105 | 2,768 |
Santa Monica CA Community College Dist. | 0.000% | 8/1/29 | 12,640 | 4,577 |
Santa Rosa CA Waste Water Rev. | 0.000% | 9/1/27 (2) | 11,125 | 4,193 |
Southern California Public Power Auth. Rev. | 5.000% | 7/1/22 | 10,000 | 11,358 |
Southern California Public Power Auth. Rev. | 5.000% | 7/1/27 | 10,000 | 10,879 |
Southern California Public Power Auth. Rev. | 5.000% | 7/1/28 | 10,000 | 10,803 |
Southern California Public Power Auth. Rev. (Transmission Project) VRDO | 0.280% | 11/5/10 (2)LOC | 45,550 | 45,550 |
Torrance CA Hosp. Rev. (Torrance Memorial Medical Center) | 5.000% | 9/1/30 | 4,735 | 4,827 |
Tuolumne CA Wind Project Auth. Rev. | 5.000% | 1/1/19 | 3,000 | 3,416 |
Tuolumne CA Wind Project Auth. Rev. | 5.000% | 1/1/20 | 13,130 | 14,727 |
Tuolumne CA Wind Project Auth. Rev. | 5.000% | 1/1/21 | 13,465 | 14,889 |
Tuolumne CA Wind Project Auth. Rev. | 5.625% | 1/1/29 | 9,000 | 9,912 |
Turlock CA Irrigation Dist. Rev. | 5.000% | 1/1/27 | 3,935 | 4,206 |
Turlock CA Irrigation Dist. Rev. | 5.000% | 1/1/28 | 4,160 | 4,440 |
Turlock CA Irrigation Dist. Rev. | 5.000% | 1/1/29 | 4,335 | 4,596 |
Turlock CA Irrigation Dist. Rev. | 5.000% | 1/1/30 | 2,250 | 2,373 |
Univ. of California Rev. | 5.000% | 5/15/21 | 10,625 | 11,646 |
Univ. of California Rev. | 5.000% | 5/15/21 | 10,575 | 12,062 |
Univ. of California Rev. | 5.500% | 5/15/24 | 14,675 | 17,179 |
1 Univ. of California Rev. TOB VRDO | 0.280% | 11/5/10 (4) | 15,280 | 15,280 |
1 Univ. of California Rev. TOB VRDO | 0.290% | 11/5/10 (4) | 9,520 | 9,520 |
Ventura County CA Community College Dist. GO | 0.000% | 8/1/23 | 6,155 | 3,239 |
49
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Ventura County CA Community College Dist. GO | 0.000% | 8/1/24 | 8,050 | 3,989 |
Ventura County CA Community College Dist. GO | 0.000% | 8/1/25 | 8,000 | 3,719 |
Ventura County CA Community College Dist. GO | 0.000% | 8/1/26 | 8,500 | 3,705 |
Ventura County CA Community College Dist. GO | 0.000% | 8/1/27 | 8,500 | 3,469 |
Ventura County CA COP Public Finance Auth. | 5.625% | 8/15/27 | 1,000 | 1,101 |
Ventura County CA COP Public Finance Auth. | 5.750% | 8/15/28 | 1,750 | 1,935 |
Ventura County CA COP Public Finance Auth. | 5.750% | 8/15/29 | 1,750 | 1,923 |
Victor Valley CA Community College Dist. | 5.375% | 8/1/29 | 4,250 | 4,564 |
Victor Valley CA Community College Dist. | 0.000% | 8/1/33 | 9,035 | 2,292 |
Walnut CA Energy Center Auth. Rev. | 5.000% | 1/1/29 | 2,510 | 2,656 |
Walnut CA Energy Center Auth. Rev. | 5.000% | 1/1/30 | 3,775 | 3,973 |
West Basin CA Muni. Water Dist. Rev. COP | 5.000% | 8/1/25 (12) | 5,365 | 5,775 |
West Basin CA Muni. Water Dist. Rev. COP | 5.000% | 8/1/27 (12) | 5,000 | 5,313 |
West Contra Costa CA USD | 0.000% | 8/1/17 (12) | 1,565 | 1,201 |
West Contra Costa CA USD | 0.000% | 8/1/18 (12) | 3,000 | 2,165 |
West Contra Costa CA USD | 0.000% | 8/1/19 (12) | 4,190 | 2,834 |
West Contra Costa CA USD | 0.000% | 8/1/20 (12) | 6,000 | 3,768 |
West Contra Costa CA USD | 0.000% | 8/1/32 (12) | 10,000 | 2,655 |
West Contra Costa CA USD | 0.000% | 8/1/33 (12) | 2,810 | 697 |
| | | | 3,774,708 |
Colorado (1.7%) | | | | |
Aurora CO COP | 5.000% | 12/1/19 | 1,050 | 1,229 |
Aurora CO COP | 5.000% | 12/1/20 | 2,000 | 2,306 |
Aurora CO COP | 5.000% | 12/1/21 | 3,505 | 3,980 |
Aurora CO COP | 5.000% | 12/1/22 | 4,730 | 5,323 |
Aurora CO COP | 5.000% | 12/1/23 | 4,465 | 4,984 |
Aurora CO COP | 5.000% | 12/1/24 | 4,215 | 4,672 |
Aurora CO COP | 5.000% | 12/1/25 | 5,475 | 6,029 |
Broomfield Colorado City & County COP | 5.000% | 12/1/24 | 2,685 | 2,946 |
Broomfield Colorado City & County COP | 5.000% | 12/1/25 | 2,820 | 3,074 |
Broomfield Colorado City & County COP | 5.000% | 12/1/26 | 2,965 | 3,209 |
Broomfield Colorado City & County COP | 5.000% | 12/1/27 | 3,115 | 3,347 |
Broomfield Colorado City & County COP | 5.000% | 12/1/29 | 7,470 | 7,938 |
Colorado Dept. of Transp. RAN | 5.375% | 6/15/12 (Prere.) | 8,500 | 9,269 |
Colorado Dept. of Transp. Rev. | 5.500% | 6/15/12 (14) | 11,780 | 12,735 |
Colorado Dept. of Transp. Rev. | 5.500% | 6/15/13 (14) | 14,500 | 16,308 |
Colorado Dept. of Transp. Rev. | 5.000% | 12/15/15 (14) | 37,325 | 43,896 |
Colorado Health Fac. Auth. Rev. | 5.000% | 1/1/22 | 6,100 | 6,574 |
Colorado Health Fac. Auth. Rev. | 5.000% | 1/1/22 | 13,175 | 14,199 |
Colorado Health Fac. Auth. Rev. | 5.250% | 1/1/30 | 20,955 | 22,351 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) | 6.125% | 10/1/28 | 10,000 | 11,365 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) | 5.500% | 7/1/29 | 50,000 | 54,491 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) VRDO | 0.250% | 11/5/10 | 17,900 | 17,900 |
Colorado Health Fac. Auth. Rev. (Poudre Valley Health) | 5.000% | 3/1/25 | 4,900 | 4,928 |
Colorado Health Fac. Auth. Rev. (Sisters of Charity Health System Inc.) VRDO | 0.250% | 11/5/10 | 12,000 | 12,000 |
Colorado Springs CO Util. System Rev. | 5.375% | 11/15/12 | 12,620 | 13,251 |
Colorado Springs CO Util. System Rev. | 5.375% | 11/15/14 | 12,745 | 13,359 |
Denver CO City & County Airport Rev. | 5.000% | 11/15/24 (10) | 8,965 | 9,505 |
Denver CO City & County Airport Rev. | 5.250% | 11/15/28 | 3,210 | 3,484 |
Denver CO City & County COP VRDO | 0.270% | 11/1/10 | 8,025 | 8,025 |
Denver CO City & County GO (Medical Fac.) | 5.000% | 8/1/14 | 7,065 | 7,840 |
Denver CO City & County School Dist. | 5.250% | 12/1/21 (14) | 20,990 | 25,692 |
Denver CO City & County School Dist. No. 1 GO | 5.000% | 12/1/19 | 5,100 | 6,104 |
Denver CO City & County School Dist. No. 1 GO | 5.000% | 12/1/20 | 3,975 | 4,761 |
Denver CO City & County School Dist. No. 1 GO | 5.000% | 12/1/21 | 14,085 | 16,835 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/11 (14) | 8,000 | 7,783 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/11 (14)(ETM) | 6,600 | 6,571 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/17 (14) | 24,490 | 17,603 |
E-470 Public Highway Auth. Colorado Rev. | 5.250% | 9/1/18 (14) | 7,850 | 8,379 |
E-470 Public Highway Auth. Colorado Rev. | 5.250% | 9/1/18 (14) | 6,355 | 6,783 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/19 (14) | 15,100 | 9,499 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/21 (14) | 27,500 | 14,849 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/24 (14) | 20,000 | 8,731 |
E-470 Public Highway Auth. Colorado Rev. | 5.500% | 9/1/24 (14) | 10,000 | 10,160 |
E-470 Public Highway Auth. Colorado Rev. | 5.500% | 9/1/24 (14) | 10,000 | 10,160 |
E-470 Public Highway Auth. Colorado Rev. | 5.500% | 9/1/24 (14) | 5,000 | 5,080 |
E-470 Public Highway Auth. Colorado Rev. | 5.250% | 9/1/25 | 1,500 | 1,503 |
E-470 Public Highway Auth. Colorado Rev. | 5.375% | 9/1/26 | 2,000 | 2,016 |
1 Regional Transp. Dist. of Colorado Sales Tax Rev. TOB VRDO | 0.280% | 11/5/10 (2) (4) | 5,105 | 5,105 |
Univ. of Colorado Enterprise System Rev. | 5.000% | 6/1/20 (14) | 5,785 | 6,522 |
Univ. of Colorado Enterprise System Rev. | 5.000% | 6/1/21 (14) | 6,605 | 7,391 |
Univ. of Colorado Enterprise System Rev. | 5.500% | 6/1/24 | 2,000 | 2,330 |
50
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Univ. of Colorado Enterprise System Rev. | 5.500% | 6/1/26 | 2,750 | 3,164 |
Univ. of Colorado Hosp. Auth. Rev. | 6.000% | 11/15/29 | 9,850 | 10,559 |
| | | | 528,097 |
Connecticut (1.3%) | | | | |
Connecticut GO | 5.375% | 12/15/10 (Prere.) | 6,165 | 6,205 |
Connecticut GO | 5.375% | 6/15/11 (Prere.) | 5,000 | 5,159 |
Connecticut GO | 5.125% | 11/15/11 (Prere.) | 5,675 | 5,959 |
Connecticut GO | 5.125% | 11/15/11 (Prere.) | 25,375 | 26,647 |
Connecticut GO | 5.500% | 11/15/11 (4) | 21,215 | 22,353 |
Connecticut GO | 5.500% | 12/15/11 (14) | 9,000 | 9,521 |
Connecticut GO | 5.500% | 12/15/12 (4) | 5,020 | 5,544 |
Connecticut GO | 5.000% | 4/15/13 | 9,745 | 10,769 |
Connecticut GO | 5.000% | 11/1/13 | 10,000 | 11,262 |
Connecticut GO | 5.125% | 11/15/13 | 19,000 | 19,872 |
Connecticut GO | 5.500% | 12/15/13 | 1,705 | 1,954 |
Connecticut GO | 5.000% | 4/15/14 | 13,690 | 15,580 |
Connecticut GO | 5.500% | 12/15/14 | 7,700 | 9,080 |
Connecticut GO | 5.000% | 4/15/15 | 16,155 | 18,814 |
Connecticut GO | 5.000% | 11/1/15 | 5,000 | 5,889 |
Connecticut GO | 5.000% | 12/15/15 | 14,345 | 16,931 |
Connecticut GO | 5.000% | 4/15/16 | 13,725 | 16,241 |
Connecticut GO | 5.000% | 3/1/18 | 1,130 | 1,351 |
Connecticut GO | 5.000% | 12/15/18 | 11,000 | 12,931 |
Connecticut GO | 5.000% | 12/1/19 | 10,000 | 12,032 |
Connecticut GO | 5.000% | 12/1/20 | 10,160 | 12,038 |
Connecticut Special Tax Obligation Rev. (Transp. Infrastructure) | 5.000% | 11/1/11 | 4,035 | 4,223 |
Connecticut Special Tax Obligation Rev. (Transp. Infrastructure) | 6.500% | 10/1/12 | 6,600 | 7,321 |
Connecticut Special Tax Obligation Rev. (Transp. Infrastructure) | 5.000% | 11/1/12 | 4,685 | 5,087 |
Connecticut Special Tax Obligation Rev. (Transp. Infrastructure) | 5.375% | 10/1/13 (4) | 20,000 | 20,876 |
Connecticut Special Tax Obligation Rev. (Transp. Infrastructure) | 5.000% | 11/1/13 | 2,970 | 3,327 |
Connecticut Special Tax Obligation Rev. (Transp. Infrastructure) | 5.000% | 2/1/14 | 12,000 | 13,485 |
Connecticut Special Tax Obligation Rev. (Transp. Infrastructure) | 5.000% | 11/1/14 | 7,315 | 8,380 |
2 Connecticut Special Tax Obligation Rev. (Transp. Infrastructure) | 5.000% | 11/1/17 | 7,090 | 8,376 |
2 Connecticut Special Tax Obligation Rev. (Transp. Infrastructure) | 5.000% | 11/1/18 | 9,515 | 11,249 |
2 Connecticut Special Tax Obligation Rev. (Transp. Infrastructure) | 5.000% | 11/1/19 | 14,825 | 17,474 |
Connecticut Special Tax Obligation Rev. (Transp. Infrastructure) | 5.000% | 11/1/23 | 12,085 | 13,608 |
Connecticut Special Tax Obligation Rev. (Transp. Infrastructure) | 5.000% | 11/1/24 | 10,880 | 12,209 |
Connecticut Special Tax Obligation Rev. (Transp. Infrastructure) | 5.000% | 11/1/25 | 12,515 | 13,992 |
Connecticut State Health & Educ. Fac. Auth. (Connecticut State Univ. System) | 5.000% | 11/1/12 (4) | 6,275 | 6,799 |
| | | | 392,538 |
Delaware (0.1%) | | | | |
Delaware Transp. Auth. Transp. System Rev. | 5.000% | 7/1/12 | 3,690 | 3,971 |
Delaware Transp. Auth. Transp. System Rev. | 5.000% | 7/1/13 | 3,875 | 4,322 |
Delaware Transp. Auth. Transp. System Rev. | 5.000% | 7/1/19 | 4,695 | 5,633 |
Delaware Transp. Auth. Transp. System Rev. | 5.000% | 7/1/29 | 10,000 | 11,081 |
Univ. of Delaware Rev. | 5.000% | 11/1/18 | 1,000 | 1,210 |
Univ. of Delaware Rev. | 5.000% | 11/1/22 | 1,000 | 1,167 |
| | | | 27,384 |
District of Columbia (0.5%) | | | | |
District of Columbia GO | 6.000% | 6/1/11 (14) | 6,550 | 6,756 |
District of Columbia GO | 0.000% | 6/1/13 (14) | 10,945 | 10,457 |
District of Columbia GO | 5.000% | 6/1/13 (2)(Prere.) | 10,880 | 12,071 |
District of Columbia GO | 0.000% | 6/1/14 (14) | 16,650 | 15,473 |
District of Columbia GO | 5.000% | 6/1/19 (4) | 5,325 | 6,092 |
District of Columbia GO | 5.000% | 6/1/20 (4) | 11,840 | 13,364 |
District of Columbia GO | 5.000% | 6/1/21 (4) | 10,380 | 11,574 |
District of Columbia Hosp. Rev. (Medlantic Health Group) | 6.000% | 8/15/12 (ETM) | 2,995 | 3,288 |
District of Columbia Income Tax Rev. | 5.000% | 12/1/20 | 2,730 | 3,246 |
District of Columbia Income Tax Rev. | 5.000% | 12/1/21 | 1,315 | 1,531 |
District of Columbia Rev. (Council Foreign Relations) VRDO | 0.290% | 11/5/10 LOC | 9,200 | 9,200 |
District of Columbia Rev. (Georgetown Univ.) | 5.000% | 4/1/21 (2) | 5,610 | 6,126 |
District of Columbia Rev. (Georgetown Univ.) | 5.000% | 4/1/22 (2) | 5,800 | 6,284 |
District of Columbia Rev. (Georgetown Univ.) | 5.000% | 4/1/23 (2) | 6,600 | 7,102 |
District of Columbia Rev. (Georgetown Univ.) | 5.000% | 4/1/24 (2) | 6,190 | 6,621 |
District of Columbia Rev. (Georgetown Univ.) PUT | 4.700% | 4/1/18 | 23,500 | 25,817 |
Metro. Washington DC/VA Airports Auth. Dulles Toll Road Rev. | 0.000% | 10/1/37 | 25,000 | 4,719 |
| | | | 149,721 |
Florida (7.4%) | | | | |
Brevard County FL School Board COP | 5.000% | 7/1/23 (12) | 4,615 | 4,967 |
Brevard County FL School Board COP | 5.000% | 7/1/24 (12) | 4,850 | 5,172 |
Brevard County FL School Board COP | 5.000% | 7/1/25 (12) | 5,090 | 5,404 |
51
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Broward County FL Educ. Fac. Auth. Rev. (Nova Southeastern Univ. Project) VRDO | 0.310% | 11/1/10 LOC | 14,545 | 14,545 |
Broward County FL GO | 5.000% | 1/1/20 | 9,185 | 10,664 |
Broward County FL Port Fac. Rev. | 5.500% | 9/1/29 | 5,500 | 5,774 |
Broward County FL Resource Recovery Rev. (Wheelabrator-South) | 5.375% | 12/1/10 | 21,330 | 21,411 |
Broward County FL School Board COP | 5.375% | 7/1/18 (4) | 6,000 | 6,175 |
Broward County FL School Board COP | 5.250% | 7/1/20 (14) | 4,155 | 4,503 |
Broward County FL School Board COP | 5.250% | 7/1/24 (4) | 12,480 | 13,331 |
Broward County FL Water & Sewer Util. Rev. | 5.000% | 10/1/23 | 2,000 | 2,194 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.000% | 3/1/14 (14) | 35,000 | 37,152 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.500% | 6/1/14 | 20,000 | 21,656 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.000% | 6/1/15 | 70,000 | 75,197 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.000% | 6/1/16 | 16,000 | 17,154 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.250% | 6/1/17 | 23,000 | 24,826 |
Clay County FL Sales Surtax Rev. | 5.000% | 10/1/12 (12) | 6,690 | 7,204 |
Clay County FL Sales Surtax Rev. | 5.000% | 10/1/16 (12) | 8,135 | 9,314 |
Clearwater FL Water & Sewer Rev. | 5.125% | 12/1/32 | 1,450 | 1,544 |
Florida Board of Educ. Capital Outlay | 5.250% | 6/1/13 | 5,045 | 5,610 |
Florida Board of Educ. Capital Outlay | 5.250% | 6/1/13 | 3,845 | 4,275 |
Florida Board of Educ. Capital Outlay | 4.750% | 6/1/20 | 26,350 | 28,891 |
Florida Board of Educ. Capital Outlay | 6.000% | 6/1/23 | 7,000 | 9,109 |
Florida Board of Educ. Public Educ. | 5.375% | 1/1/13 | 4,855 | 5,168 |
Florida Board of Educ. Public Educ. | 5.250% | 6/1/13 (4) | 17,825 | 19,266 |
Florida Board of Educ. Public Educ. | 5.375% | 6/1/13 | 6,820 | 7,385 |
Florida Board of Educ. Public Educ. | 5.000% | 6/1/14 | 5,040 | 5,593 |
Florida Board of Educ. Public Educ. | 5.000% | 6/1/21 | 5,055 | 5,877 |
Florida Board of Educ. Public Educ. | 5.000% | 6/1/22 | 9,245 | 10,652 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/13 | 8,395 | 9,281 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/13 | 3,815 | 4,218 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/13 | 3,720 | 4,113 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/14 | 4,005 | 4,544 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/14 | 3,910 | 4,436 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/15 | 4,205 | 4,869 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/15 | 4,105 | 4,753 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.375% | 6/1/15 | 11,000 | 11,734 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/19 | 2,905 | 3,449 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/20 | 3,500 | 4,009 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/20 | 5,585 | 6,507 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/21 | 19,865 | 22,667 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/22 | 5,000 | 5,697 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/23 | 2,125 | 2,401 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.500% | 7/1/11 (Prere.) | 10,875 | 11,366 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.250% | 7/1/13 (14) | 7,150 | 7,694 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.500% | 7/1/13 (14) | 7,860 | 8,539 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/14 (14) | 6,000 | 6,661 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.250% | 7/1/14 (14) | 3,700 | 3,979 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/15 (14) | 10,240 | 11,288 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/16 (2) | 10,715 | 12,307 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.375% | 7/1/17 (14) | 6,000 | 6,464 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/18 | 4,000 | 4,688 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/19 | 4,550 | 5,287 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/20 (2) | 12,545 | 13,786 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/21 (2) | 11,590 | 12,641 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/22 (14) | 14,690 | 16,292 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/23 (2) | 11,235 | 12,147 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/24 | 13,700 | 15,004 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/24 | 11,385 | 12,596 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/25 | 14,385 | 15,674 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/25 | 13,215 | 14,536 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/26 | 13,875 | 15,165 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/27 | 15,855 | 17,089 |
1 Florida Board of Educ. TOB VRDO | 0.330% | 11/5/10 (14)(3) | 5,390 | 5,390 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/12 (14) | 3,000 | 3,208 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.250% | 7/1/12 | 20,000 | 21,472 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.375% | 7/1/13 (14) | 7,645 | 8,213 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.500% | 7/1/13 (4) | 11,920 | 13,337 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/19 | 5,855 | 6,716 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/24 (14) | 10,000 | 10,590 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/24 (14) | 10,045 | 10,637 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/24 | 10,025 | 10,831 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/24 | 9,025 | 9,750 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/25 | 10,525 | 11,313 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/25 (14) | 6,700 | 7,205 |
52
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/25 | 9,475 | 10,189 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/26 | 11,055 | 11,791 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/26 (14) | 10,045 | 10,741 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/26 | 9,950 | 10,640 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/27 | 11,605 | 12,299 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/27 | 5,445 | 5,790 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/28 | 10,970 | 11,606 |
Florida Dept. of General Services Division Fac. Management Rev. (Florida Fac. Pool) | 5.000% | 9/1/13 (2) | 3,060 | 3,397 |
Florida Dept. of Transp. | 6.375% | 7/1/11 | 9,635 | 10,014 |
Florida Dept. of Transp. | 5.000% | 7/1/19 | 12,895 | 15,284 |
Florida Dept. of Transp. | 5.000% | 7/1/22 | 6,055 | 6,903 |
Florida Dept. of Transp. | 5.000% | 7/1/25 | 10,000 | 10,950 |
Florida Division Board Financial Dept. of General Services Systems Rev. | | | | |
(Dept. of Environmental Prot | 6.000% | 7/1/12 (2) | 11,500 | 12,471 |
Florida Higher Educ. Fac. Finance Auth. Rev. (Ringling College) VRDO | 0.650% | 11/5/10 LOC | 14,280 | 14,280 |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.000% | 7/1/12 | 40,000 | 41,996 |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.250% | 7/1/12 | 17,865 | 18,830 |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.000% | 7/1/13 | 38,000 | 40,582 |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.000% | 7/1/14 | 14,000 | 15,179 |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.000% | 7/1/16 | 50,000 | 54,986 |
Florida Muni. Power Agency Rev. | 5.000% | 10/1/18 | 3,630 | 4,066 |
Florida Muni. Power Agency Rev. | 5.000% | 10/1/19 | 3,535 | 3,934 |
Florida Muni. Power Agency Rev. | 5.250% | 10/1/19 (4) | 10,000 | 11,752 |
Florida Muni. Power Agency Rev. | 5.000% | 10/1/27 | 12,500 | 13,297 |
Florida Muni. Power Agency Rev. | 5.750% | 10/1/27 | 3,000 | 3,376 |
Florida Muni. Power Agency Rev. (Stanton Project) | 5.500% | 10/1/13 (4) | 3,905 | 4,219 |
Florida Turnpike Auth. Rev. | 5.250% | 7/1/11 (4) | 5,000 | 5,162 |
Florida Turnpike Auth. Rev. | 5.000% | 7/1/19 (2) | 4,150 | 4,574 |
Florida Turnpike Auth. Rev. | 5.000% | 7/1/19 | 6,755 | 7,864 |
Florida Turnpike Auth. Rev. | 5.000% | 7/1/19 | 1,365 | 1,553 |
Florida Turnpike Auth. Rev. | 5.000% | 7/1/20 (2) | 2,745 | 3,001 |
Florida Turnpike Auth. Rev. | 5.000% | 7/1/20 | 1,275 | 1,464 |
Florida Turnpike Auth. Rev. | 5.000% | 7/1/20 | 3,000 | 3,376 |
Florida Turnpike Auth. Rev. | 5.000% | 7/1/22 (2) | 5,120 | 5,525 |
Florida Water Pollution Control Financing Corp. Rev. | 5.000% | 1/15/20 | 2,000 | 2,325 |
Fort Myers FL Rev. | 5.000% | 12/1/25 (14) | 7,340 | 7,600 |
Greater Orlando Aviation Auth. Orlando FL Airport Fac. Rev. | 5.000% | 10/1/25 | 1,690 | 1,827 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/15 (Prere.) | 145 | 170 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/15 (Prere.) | 260 | 306 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/15 (Prere.) | 190 | 223 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/15 (Prere.) | 125 | 147 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/15 (Prere.) | 820 | 964 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/17 | 3,000 | 3,380 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/18 | 2,000 | 2,250 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/18 | 1,700 | 1,840 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/18 | 3,000 | 3,376 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/19 | 3,000 | 3,369 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/20 | 875 | 927 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/20 | 1,000 | 1,059 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/20 | 2,155 | 2,369 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/20 | 7,000 | 7,694 |
Highlands County FL Health Rev. (Adventist Health System) | 4.500% | 11/15/21 | 2,250 | 2,350 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/21 | 135 | 142 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/21 | 1,000 | 1,050 |
Highlands County FL Health Rev. (Adventist Health System) | 5.250% | 11/15/21 | 2,000 | 2,206 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/22 | 740 | 771 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/22 | 1,000 | 1,042 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/23 | 1,310 | 1,361 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/23 | 500 | 520 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/27 | 10,000 | 10,232 |
Hillsborough County FL Assement Rev. | 5.000% | 3/1/22 (14) | 6,260 | 6,610 |
Hillsborough County FL Aviation Auth. Rev. (Tampa International Airport) | 5.000% | 10/1/15 | 2,500 | 2,858 |
Hillsborough County FL Aviation Auth. Rev. (Tampa International Airport) | 5.000% | 10/1/17 | 2,750 | 3,172 |
Hillsborough County FL Aviation Auth. Rev. (Tampa International Airport) | 5.000% | 10/1/18 | 3,400 | 3,924 |
Hillsborough County FL IDA (Univ. Community Hosp.) | 5.500% | 8/15/17 (ETM) | 3,650 | 4,415 |
Hillsborough County FL IDA (Univ. Community Hosp.) | 6.500% | 8/15/19 (14)(ETM) | 3,500 | 4,363 |
Hillsborough County FL IDA Rev. (Tampa Electric Co. Project) PUT | 5.000% | 3/15/12 (2) | 8,000 | 8,340 |
Hillsborough County FL School Board COP | 5.000% | 7/1/24 | 16,305 | 17,793 |
Hillsborough County FL School Board COP | 5.000% | 7/1/25 | 6,000 | 6,507 |
Hillsborough County FL School Board COP (Master Lease Program) | 5.500% | 7/1/14 (14) | 4,370 | 4,952 |
Hillsborough County FL School Board COP (Master Lease Program) VRDO | 0.300% | 11/1/10 (14)LOC | 1,700 | 1,700 |
Hillsborough County FL Util. Refunding Rev. | 5.500% | 8/1/13 (ETM) | 5,255 | 5,912 |
53
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Hillsborough County FL Util. Refunding Rev. | 5.500% | 8/1/13 (2) | 4,745 | 5,324 |
Jacksonville FL Captial Project Rev. VRDO | 0.650% | 11/5/10 LOC | 12,625 | 12,625 |
Jacksonville FL Electric Auth. Electric System Rev. | 5.000% | 10/1/22 | 2,500 | 2,766 |
Jacksonville FL Electric Auth. Electric System Rev. | 5.000% | 10/1/28 | 3,900 | 4,137 |
Jacksonville FL Electric Auth. Electric System Rev. | 5.000% | 10/1/29 | 2,075 | 2,186 |
Jacksonville FL Electric Auth. Electric System Rev. VRDO | 0.250% | 11/5/10 | 12,070 | 12,070 |
Jacksonville FL Electric Auth. Electric System Rev. VRDO | 0.280% | 11/5/10 | 9,660 | 9,660 |
Jacksonville FL Electric Auth. Rev. (St. John’s River Power Park) | 5.000% | 10/1/19 (14) | 5,000 | 5,627 |
Jacksonville FL Electric Auth. Rev. (St. John’s River Power Park) | 5.000% | 10/1/20 (14) | 5,000 | 5,586 |
Jacksonville FL Health Fac. Auth. Hosp. Rev. (Baptist Medical Center Project) VRDO | 0.270% | 11/1/10 LOC | 14,000 | 14,000 |
Jacksonville FL Health Fac. Auth. Hosp. Rev. (Baptist Medical Center Project) VRDO | 0.300% | 11/1/10 LOC | 2,700 | 2,700 |
Jacksonville FL Sales Taxes Rev. | 5.500% | 10/1/13 (14) | 3,045 | 3,430 |
Jacksonville FL Sales Taxes Rev. | 5.000% | 10/1/23 | 5,415 | 5,977 |
Jacksonville FL Sales Taxes Rev. | 5.000% | 10/1/24 | 5,685 | 6,224 |
Jacksonville FL Sales Taxes Rev. | 5.000% | 10/1/25 | 5,970 | 6,504 |
Jacksonville FL Sales Taxes Rev. | 4.750% | 10/1/28 | 13,280 | 13,895 |
Jacksonville FL Special Rev. | 5.000% | 10/1/20 | 15,420 | 17,999 |
Jacksonville FL Special Rev. | 5.000% | 10/1/21 | 15,420 | 17,938 |
Jacksonville FL Special Rev. | 5.000% | 10/1/25 | 4,800 | 5,290 |
Kissimmee FL Util. Auth. Electric System Rev. | 5.250% | 10/1/18 (4) | 3,000 | 3,520 |
Lake County FL School Board COP | 5.250% | 6/1/15 (2) | 4,075 | 4,557 |
Lake County FL School Board COP | 5.250% | 6/1/15 (2) | 2,050 | 2,279 |
Lakeland FL Electric & Water Rev. | 6.050% | 10/1/12 (4) | 10,000 | 10,980 |
Lee Memorial Health System Florida Hosp. Rev. | 5.250% | 4/1/35 (14) | 7,000 | 7,015 |
Manatee County FL School Dist. Tax Rev. | 5.000% | 10/1/13 (2) | 5,140 | 5,580 |
Miami-Dade County FL Aviation - Miami International Airport | 5.000% | 10/1/23 (12) | 1,800 | 1,939 |
Miami-Dade County FL Aviation - Miami International Airport | 5.000% | 10/1/23 | 1,460 | 1,572 |
Miami-Dade County FL Aviation - Miami International Airport | 5.000% | 10/1/24 | 2,630 | 2,777 |
Miami-Dade County FL Aviation - Miami International Airport | 5.000% | 10/1/26 | 6,500 | 6,837 |
Miami-Dade County FL Aviation - Miami International Airport | 5.000% | 10/1/29 (12) | 4,000 | 4,172 |
Miami-Dade County FL Aviation - Miami International Airport | 5.000% | 10/1/29 | 7,200 | 7,392 |
Miami-Dade County FL Aviation - Miami International Airport | 5.000% | 10/1/30 | 5,500 | 5,616 |
Miami-Dade County FL Aviation - Miami International Airport | 5.375% | 10/1/35 | 5,000 | 5,193 |
Miami-Dade County FL Educ. Fac. Auth. Rev. (Univ. of Miami) | 5.000% | 4/1/14 (Prere.) | 13,760 | 15,562 |
Miami-Dade County FL Educ. Fac. Auth. Rev. (Univ. of Miami) | 5.000% | 4/1/14 (Prere.) | 10,910 | 12,339 |
Miami-Dade County FL Educ. Fac. Auth. Rev. (Univ. of Miami) | 5.000% | 4/1/20 (2) | 2,040 | 2,208 |
Miami-Dade County FL Educ. Fac. Auth. Rev. (Univ. of Miami) | 5.000% | 4/1/24 (2) | 5,275 | 5,510 |
Miami-Dade County FL School Board COP | 5.000% | 8/1/11 (2) | 6,845 | 7,032 |
Miami-Dade County FL School Board COP | 5.000% | 8/1/12 (2) | 8,525 | 9,028 |
Miami-Dade County FL School Board COP | 5.000% | 2/1/13 (12) | 5,175 | 5,620 |
Miami-Dade County FL School Board COP | 5.000% | 8/1/13 (2) | 10,000 | 10,814 |
Miami-Dade County FL School Board COP | 5.000% | 5/1/16 (12) | 9,335 | 10,715 |
Miami-Dade County FL School Board COP | 5.000% | 8/1/16 (2) | 4,280 | 4,780 |
Miami-Dade County FL School Board COP | 5.000% | 5/1/19 (14) | 5,685 | 6,159 |
Miami-Dade County FL School Board COP | 5.000% | 8/1/19 (2) | 5,265 | 5,748 |
Miami-Dade County FL School Board COP | 5.000% | 11/1/21 (2) | 3,280 | 3,447 |
Miami-Dade County FL School Board COP | 5.000% | 11/1/22 (2) | 2,655 | 2,767 |
Miami-Dade County FL School Board COP | 5.250% | 5/1/23 (12) | 25,200 | 27,821 |
Miami-Dade County FL School Board COP | 5.000% | 11/1/23 (2) | 2,500 | 2,594 |
Miami-Dade County FL School Board COP | 5.250% | 5/1/24 (12) | 27,650 | 30,322 |
Miami-Dade County FL School Board COP | 5.250% | 5/1/25 (12) | 14,225 | 15,522 |
Miami-Dade County FL School Board COP | 5.000% | 11/1/25 (2) | 5,025 | 5,153 |
Miami-Dade County FL School Board COP | 5.250% | 5/1/26 (12) | 12,980 | 14,076 |
Miami-Dade County FL School Board COP | 5.250% | 5/1/28 (12) | 15,530 | 16,663 |
Miami-Dade County FL Water & Sewer Rev. | 5.250% | 10/1/21 | 20,000 | 23,203 |
Miami-Dade County FL Water & Sewer Rev. | 5.000% | 10/1/26 (14) | 7,400 | 7,862 |
North Brevard County FL Hosp. Dist. Rev. (Parrish Medical Center Project) | 5.500% | 10/1/28 | 5,000 | 5,245 |
Orange County FL Health Fac. Auth. Rev. (Nemours Foundation Project) | 5.000% | 1/1/21 | 2,215 | 2,464 |
Orange County FL Health Fac. Auth. Rev. (Nemours Foundation Project) | 5.000% | 1/1/23 | 2,000 | 2,194 |
Orange County FL Health Fac. Auth. Rev. (Nemours Foundation Project) | 5.000% | 1/1/29 | 11,000 | 11,618 |
Orange County FL Health Fac. Rev. (Orlando Health Inc.) | 5.250% | 10/1/21 | 8,000 | 8,437 |
Orange County FL IDA Rev. (Catholic Charities) VRDO | 0.360% | 11/1/10 LOC | 1,000 | 1,000 |
Orange County FL School Board COP | 5.000% | 8/1/23 (14) | 9,000 | 9,528 |
Orange County FL School Board COP | 5.000% | 8/1/24 (14) | 4,000 | 4,214 |
Orange County FL School Board COP | 4.500% | 8/1/26 | 8,400 | 8,587 |
Orange County FL School Board COP | 4.500% | 8/1/27 | 7,000 | 7,114 |
Orange County FL Tourist Dev. Rev. | 5.000% | 10/1/17 | 5,955 | 6,824 |
Orange County FL Tourist Dev. Rev. | 5.000% | 10/1/18 (14) | 18,980 | 21,400 |
Orange County FL Tourist Dev. Rev. | 5.000% | 10/1/20 (14) | 25,345 | 27,884 |
Orange County FL Tourist Dev. Rev. | 5.000% | 10/1/21 (14) | 16,605 | 18,060 |
Orange County FL Tourist Dev. Rev. | 5.000% | 10/1/27 (2) | 12,630 | 13,080 |
Orlando & Orange County FL Expressway Auth. | 5.000% | 7/1/13 (2) | 5,000 | 5,491 |
54
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Orlando & Orange County FL Expressway Auth. | 5.250% | 7/1/14 (2) | 4,000 | 4,380 |
Orlando & Orange County FL Expressway Auth. | 5.000% | 7/1/27 | 7,780 | 8,308 |
Orlando & Orange County FL Expressway Auth. | 5.000% | 7/1/30 | 3,500 | 3,669 |
Orlando FL Util. Comm. Util. System Rev. | 5.000% | 10/1/20 | 4,570 | 5,410 |
Orlando FL Util. Comm. Util. System Rev. | 5.250% | 10/1/21 | 5,000 | 6,029 |
Orlando FL Util. Comm. Util. System Rev. | 5.250% | 10/1/22 | 3,245 | 3,908 |
Orlando FL Util. Comm. Water & Electric Rev. | 5.250% | 10/1/13 (ETM) | 9,500 | 10,727 |
Orlando FL Util. Comm. Water & Electric Rev. | 5.250% | 10/1/14 (ETM) | 4,500 | 5,228 |
Palm Beach County FL School Board COP | 5.000% | 8/1/13 (14) | 2,095 | 2,304 |
Palm Beach County FL School Board COP | 5.375% | 8/1/13 (2) | 2,690 | 2,985 |
Palm Beach County FL School Board COP VRDO | 0.280% | 11/5/10 (4) | 12,675 | 12,675 |
Palm Beach County FL Solid Waste Auth. Rev. | 5.500% | 10/1/28 | 15,000 | 16,334 |
Port St. Lucie FL Util. Rev. | 5.000% | 9/1/29 (12) | 4,180 | 4,317 |
Putman County FL Auth. PCR PUT | 5.350% | 5/1/18 (2) | 7,500 | 8,305 |
Sarasota County FL School Board COP | 5.000% | 7/1/18 | 2,185 | 2,485 |
Sarasota County FL School Board COP | 5.000% | 7/1/20 | 2,855 | 3,211 |
Sarasota County FL School Board COP | 5.000% | 7/1/23 | 5,380 | 5,835 |
Sarasota County FL School Board COP | 5.000% | 7/1/25 | 5,050 | 5,401 |
Seminole County FL School Board COP | 5.000% | 7/1/22 (4) | 2,000 | 2,119 |
Seminole County FL Water & Sewer Rev. | 5.000% | 10/1/23 | 5,000 | 5,395 |
Seminole County FL Water & Sewer Rev. | 5.000% | 10/1/24 | 7,805 | 8,369 |
South Florida Water Management Dist. | 5.000% | 10/1/13 (2) | 5,000 | 5,520 |
South Florida Water Management Dist. | 5.000% | 10/1/14 (2) | 9,460 | 10,640 |
South Florida Water Management Dist. | 5.000% | 10/1/15 (2) | 5,800 | 6,596 |
South Florida Water Management Dist. | 5.000% | 10/1/16 (2) | 3,000 | 3,438 |
South Florida Water Management Dist. | 5.000% | 10/1/24 (2) | 4,000 | 4,233 |
South Florida Water Management Dist. | 5.000% | 10/1/25 (2) | 8,000 | 8,431 |
St. Johns County FL Dev. Auth. Rev. (Presbyterian Retirement) | 5.750% | 8/1/30 | 1,500 | 1,553 |
Tallahassee FL Energy System Rev. | 5.250% | 10/1/13 (4) | 4,380 | 4,892 |
Tallahassee FL Energy System Rev. | 5.250% | 10/1/14 (4) | 3,980 | 4,543 |
Tallahassee FL Health Fac. Rev. (Tallahassee Memorial Healthcare) | 6.250% | 12/1/20 | 10,000 | 10,114 |
Tampa Bay FL Water Util. System Rev. | 6.000% | 10/1/29 (14) | 10,000 | 12,453 |
Tampa FL Rev. (Baycare Health System) | 5.000% | 11/15/19 | 3,580 | 3,999 |
Tampa FL Rev. (Baycare Health System) | 5.000% | 11/15/21 | 18,420 | 20,037 |
Tampa FL Rev. (Baycare Health System) | 5.000% | 11/15/22 | 13,395 | 14,383 |
Tampa-Hillsborough County FL Expressway Auth. Rev. | 5.000% | 7/1/19 (2) | 11,470 | 12,520 |
Tampa-Hillsborough County FL Expressway Auth. Rev. | 5.000% | 7/1/21 (2) | 11,355 | 12,164 |
Tampa-Hillsborough County FL Expressway Auth. Rev. | 5.000% | 7/1/22 (2) | 13,470 | 14,346 |
Tampa-Hillsborough County FL Expressway Auth. Rev. | 5.000% | 7/1/23 (2) | 5,000 | 5,312 |
Tampa-Hillsborough County FL Expressway Auth. Rev. | 5.000% | 7/1/24 (2) | 15,100 | 15,975 |
Tampa-Hillsborough County FL Expressway Auth. Rev. | 5.000% | 7/1/25 (2) | 5,000 | 5,272 |
Volusia County FL School Board COP | 5.000% | 8/1/21 (4) | 3,495 | 3,651 |
Winter Park FL Water & Sewer Rev. | 5.000% | 12/1/29 | 1,975 | 2,120 |
| | | | 2,276,731 |
Georgia (3.1%) | | | | |
Athens-Clarke County GA Unified Govt. Dev. Auth. Rev. (Univ. of Georgia Athletic Assn.) VRDO | 1.940% | 11/1/10 LOC | 4,200 | 4,200 |
Atlanta GA Airport Fac. Rev. | 5.875% | 1/1/15 (14) | 11,930 | 12,090 |
Atlanta GA Airport Fac. Rev. | 5.875% | 1/1/16 (14) | 5,000 | 5,067 |
Atlanta GA GO | 5.250% | 12/1/19 (12) | 4,925 | 5,866 |
Atlanta GA GO | 5.250% | 12/1/20 (12) | 3,280 | 3,857 |
Atlanta GA Water & Wastewater Rev. | 5.500% | 11/1/10 (4) | 10,000 | 10,003 |
Atlanta GA Water & Wastewater Rev. | 5.500% | 11/1/11 (4) | 10,000 | 10,445 |
Atlanta GA Water & Wastewater Rev. | 5.500% | 11/1/16 (4) | 7,000 | 8,139 |
Atlanta GA Water & Wastewater Rev. | 5.500% | 11/1/17 (4) | 8,000 | 9,283 |
Atlanta GA Water & Wastewater Rev. | 5.500% | 11/1/17 (3) | 5,400 | 6,288 |
Atlanta GA Water & Wastewater Rev. | 6.000% | 11/1/21 | 1,000 | 1,175 |
Atlanta GA Water & Wastewater Rev. | 5.500% | 11/1/22 (4) | 9,900 | 11,208 |
Atlanta GA Water & Wastewater Rev. | 5.750% | 11/1/25 (4) | 6,600 | 7,844 |
Atlanta GA Water & Wastewater Rev. | 5.750% | 11/1/26 (4) | 15,220 | 18,008 |
Atlanta GA Water & Wastewater Rev. | 5.750% | 11/1/27 (4) | 5,935 | 7,013 |
Burke County GA Dev. Auth. PCR (Georgia Power Co. Plant Vogtle) PUT | 4.950% | 4/1/11 | 16,000 | 16,266 |
Burke County GA Dev. Auth. PCR (Georgia Power Co. Plant Vogtle) PUT | 5.050% | 1/12/12 | 10,000 | 10,452 |
Burke County GA Dev. Auth. PCR (Oglethorpe Power Corp.) VRDO | 0.290% | 11/5/10 LOC | 30,000 | 30,000 |
Burke County GA Dev. Auth. PCR (Oglethorpe Power Corp.) VRDO | 0.290% | 11/5/10 LOC | 10,000 | 10,000 |
Cobb County GA Hosp. Auth. Rev. Antic Certificates (Equipment Pool Project) VRDO | 0.280% | 11/5/10 LOC | 15,600 | 15,600 |
Cobb County GA Kennestone Hosp. Auth. Rev. | 6.250% | 4/1/34 (2) | 1,000 | 1,149 |
Cobb County GA Kennestone Hosp. Auth. Rev. | 5.500% | 4/1/37 (2) | 7,500 | 8,082 |
Columbus GA Building Auth. Lease Rev. | 4.000% | 1/1/19 | 1,910 | 2,139 |
DeKalb County GA Private Hosp. Auth. RAN (Children’s Healthcare) | 5.000% | 11/15/17 | 1,250 | 1,415 |
DeKalb County GA Private Hosp. Auth. RAN (Children’s Healthcare) | 5.000% | 11/15/20 | 1,400 | 1,552 |
Fayette County GA Hosp. Auth. RAN (Fayette Community Hosp.) | 5.250% | 6/15/23 | 11,395 | 12,382 |
Fulton County GA COP | 5.750% | 11/1/10 (2)(Prere.) | 6,000 | 6,062 |
55
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Fulton County GA COP | 6.000% | 11/1/10 (2)(Prere.) | 5,985 | 6,047 |
Fulton County GA COP | 6.000% | 11/1/10 (2)(Prere.) | 6,325 | 6,390 |
Fulton County GA COP | 6.000% | 11/1/10 (2)(Prere.) | 4,675 | 4,723 |
Fulton County GA Dev. Auth. (Piedmont Healthcare Inc. Project) | 5.250% | 6/15/23 | 6,110 | 6,602 |
Georgia GO | 5.700% | 7/1/11 | 4,470 | 4,633 |
Georgia GO | 5.750% | 9/1/11 | 2,500 | 2,615 |
Georgia GO | 5.000% | 10/1/11 | 7,000 | 7,303 |
Georgia GO | 5.000% | 11/1/11 (Prere.) | 15,570 | 16,308 |
Georgia GO | 5.000% | 4/1/12 | 8,020 | 8,543 |
Georgia GO | 5.000% | 10/1/13 | 20,095 | 22,621 |
Georgia GO | 5.500% | 7/1/14 | 10,750 | 12,541 |
3 Georgia GO | 5.000% | 10/1/14 | 18,250 | 21,108 |
Georgia GO | 5.000% | 9/1/15 (Prere.) | 7,080 | 8,348 |
Georgia GO | 5.000% | 10/1/15 | 16,495 | 19,478 |
Georgia GO | 5.000% | 7/1/16 | 5,300 | 6,147 |
Georgia GO | 5.000% | 7/1/19 | 15,000 | 18,167 |
Georgia GO | 5.000% | 7/1/20 | 10,000 | 12,150 |
Georgia Muni. Electric Power Auth. Rev. | 6.500% | 1/1/17 (14) | 9,420 | 11,100 |
Georgia Port Auth. Rev. (Garden City Terminal Project) VRDO | 0.300% | 11/5/10 LOC | 7,770 | 7,770 |
Georgia Road & Tollway Auth. Federal Highway Reimbursement Rev. | 5.000% | 6/1/20 | 10,000 | 11,600 |
Georgia Road & Tollway Auth. GAN | 5.000% | 6/1/14 (14) | 3,000 | 3,410 |
Georgia Road & Tollway Auth. Rev. | 5.000% | 6/1/14 | 16,735 | 19,024 |
Georgia Road & Tollway Auth. Rev. | 5.000% | 6/1/15 | 21,260 | 24,678 |
Georgia Road & Tollway Auth. Rev. | 5.000% | 6/1/16 | 26,105 | 30,656 |
Georgia Road & Tollway Auth. Rev. | 5.000% | 6/1/21 | 19,000 | 21,881 |
Georgia Road & Tollway Auth. Rev. (Governor’s Transp. Choices) | 5.375% | 3/1/14 | 9,385 | 9,969 |
Georgia Road & Tollway Auth. Rev. (Governor’s Transp. Choices) | 5.375% | 3/1/15 | 8,775 | 9,315 |
Georgia Road & Tollway Auth. Rev. (Governor’s Transp. Choices) | 5.375% | 3/1/16 | 9,000 | 9,528 |
Georgia Road & Tollway Auth. Rev. GAN | 5.000% | 6/1/14 | 27,395 | 31,141 |
Macon-Bibb County GA Hosp. Auth. (Medical Center of Central Georgia) | 5.000% | 8/1/22 | 1,430 | 1,537 |
Macon-Bibb County GA Hosp. Auth. (Medical Center of Central Georgia) | 5.000% | 8/1/24 | 1,250 | 1,331 |
Macon-Bibb County GA Hosp. Auth. (Medical Center of Central Georgia) RAN | 4.625% | 8/1/29 | 5,500 | 5,577 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/15 | 6,380 | 6,901�� |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/17 | 2,035 | 2,223 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/20 | 23,970 | 25,770 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/21 | 5,000 | 5,148 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/21 | 37,000 | 39,583 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/22 | 9,490 | 9,720 |
Metro. Atlanta GA Rapid Transp. Auth. Georgia Sales Tax Rev. | 5.000% | 7/1/19 (14) | 25,000 | 29,609 |
Metro. Atlanta GA Rapid Transp. Auth. Georgia Sales Tax Rev. | 5.000% | 7/1/20 (14) | 9,800 | 11,620 |
Metro. Atlanta GA Rapid Transp. Auth. Georgia Sales Tax Rev. VRDO | 0.260% | 11/5/10 LOC | 14,000 | 14,000 |
Muni. Electric Auth. Georgia Rev. | 5.000% | 4/1/17 | 3,980 | 4,589 |
Muni. Electric Auth. Georgia Rev. | 5.000% | 4/1/18 | 3,565 | 4,117 |
Muni. Electric Auth. Georgia Rev. | 5.000% | 4/1/18 | 3,500 | 4,042 |
Muni. Electric Auth. Georgia Rev. | 5.000% | 4/1/19 | 3,000 | 3,462 |
Muni. Electric Auth. Georgia Rev. | 5.000% | 4/1/19 | 3,160 | 3,646 |
Muni. Electric Auth. Georgia Rev. | 5.000% | 1/1/20 | 35,000 | 40,152 |
Muni. Electric Auth. Georgia Rev. | 5.000% | 11/1/23 | 14,605 | 16,293 |
Muni. Electric Auth. Georgia Rev. | 5.000% | 11/1/24 | 11,650 | 12,907 |
Muni. Electric Auth. Georgia Rev. (General Resolution Projects) | 5.250% | 1/1/16 | 3,480 | 4,022 |
Muni. Electric Auth. Georgia Rev. (General Resolution Projects) | 5.750% | 1/1/19 | 51,440 | 61,575 |
Muni. Electric Auth. Georgia Rev. (Project One Sub) | 5.250% | 1/1/16 | 6,580 | 7,605 |
Richmond County GA Hosp. Auth. (Univ. of Health Services) | 5.500% | 1/1/24 | 17,500 | 18,476 |
South Fulton GA Municipal Regional Water & Sewer Auth. Water Rev. VRDO | 0.330% | 11/5/10 LOC | 15,900 | 15,900 |
| | | | 959,186 |
Hawaii (0.7%) | | | | |
Hawaii GO | 6.000% | 11/1/10 (ETM) | 10,000 | 10,003 |
Hawaii GO | 5.375% | 8/1/11 (14)(Prere.) | 13,900 | 14,433 |
Hawaii GO | 5.375% | 8/1/11 (14)(Prere.) | 16,595 | 17,231 |
Hawaii GO | 5.375% | 8/1/11 (14)(Prere.) | 17,985 | 18,674 |
Hawaii GO | 5.375% | 8/1/14 (14) | 11,650 | 12,048 |
Hawaii GO | 5.000% | 7/1/17 (2) | 45,035 | 51,616 |
Hawaii GO | 5.000% | 10/1/22 (14) | 7,000 | 7,788 |
Hawaii GO | 5.000% | 10/1/23 (14) | 5,000 | 5,511 |
Hawaii GO | 5.000% | 10/1/24 (14) | 3,000 | 3,278 |
Hawaii GO | 5.000% | 3/1/25 (4) | 6,000 | 6,547 |
Hawaii Pacific Health Rev. | 5.625% | 7/1/30 | 2,345 | 2,454 |
Honolulu HI City & County GO | 5.000% | 7/1/19 (4) | 3,000 | 3,466 |
Honolulu HI City & County GO | 5.000% | 7/1/20 (4) | 2,705 | 3,091 |
1 Honolulu HI City & County TOB VRDO | 0.280% | 11/5/10 | 7,700 | 7,700 |
Honolulu HI City & County Wastewater System Rev. | 5.000% | 7/1/20 | 4,000 | 4,613 |
Honolulu HI City & County Wastewater System Rev. | 5.000% | 7/1/21 | 2,500 | 2,842 |
56
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
State of Hawaii | 5.375% | 8/1/11 (14)(Prere.) | 4,010 | 4,165 |
State of Hawaii | 5.375% | 8/1/11 (14)(Prere.) | 4,065 | 4,222 |
State of Hawaii | 5.375% | 8/1/12 (14) | 10,480 | 10,864 |
State of Hawaii | 5.375% | 8/1/13 (14) | 10,635 | 11,006 |
State of Hawaii | 5.000% | 2/1/19 | 6,000 | 7,136 |
State of Hawaii | 5.000% | 2/1/20 | 6,000 | 7,135 |
| | | | 215,823 |
Idaho (0.1%) | | | | |
Idaho Bond Bank Auth. Rev. | 5.250% | 9/15/24 | 2,000 | 2,315 |
Idaho Bond Bank Auth. Rev. | 5.250% | 9/15/26 | 1,000 | 1,144 |
Idaho Health Fac. Auth. Rev. (Trinity Health Group) | 6.125% | 12/1/28 | 12,050 | 13,626 |
Idaho Housing & Finance Assn. | 4.750% | 7/15/19 | 5,000 | 5,743 |
Idaho Housing & Finance Assn. RAN | 5.000% | 7/15/14 | 4,890 | 5,551 |
| | | | 28,379 |
Illinois (5.5%) | | | | |
Berwyn IL GO | 5.000% | 12/1/25 (4) | 5,000 | 5,328 |
Chicago IL (City Colleges Improvement) GO | 0.000% | 1/1/12 (14) | 26,000 | 25,531 |
Chicago IL (City Colleges Improvement) GO | 0.000% | 1/1/13 (14) | 29,170 | 27,990 |
Chicago IL Board of Educ. Capital Appreciation (School Reform) | 0.000% | 12/1/19 (14) | 5,610 | 3,869 |
Chicago IL Board of Educ. GO | 5.000% | 12/1/16 (4) | 1,985 | 2,313 |
Chicago IL Board of Educ. GO | 0.000% | 12/1/18 (14) | 4,520 | 3,339 |
Chicago IL Board of Educ. GO | 5.000% | 12/1/18 (4) | 2,500 | 2,817 |
2 Chicago IL Board of Educ. GO | 5.000% | 12/1/18 | 2,500 | 2,849 |
Chicago IL Board of Educ. GO | 5.000% | 12/1/19 (4) | 6,130 | 6,793 |
2 Chicago IL Board of Educ. GO | 5.000% | 12/1/19 | 2,500 | 2,832 |
Chicago IL Board of Educ. GO | 6.000% | 1/1/20 (14) | 5,150 | 6,082 |
Chicago IL Board of Educ. GO | 5.000% | 12/1/20 (4) | 1,500 | 1,644 |
Chicago IL Board of Educ. GO | 5.000% | 12/1/20 (2) | 20,000 | 22,264 |
2 Chicago IL Board of Educ. GO | 5.000% | 12/1/20 | 2,250 | 2,532 |
Chicago IL Board of Educ. GO | 5.000% | 12/1/26 (4) | 12,640 | 13,324 |
Chicago IL Board of Educ. GO | 0.000% | 12/1/31 (14) | 5,180 | 1,537 |
Chicago IL Board of Educ. GO VRDO | 0.270% | 11/1/10 LOC | 14,800 | 14,800 |
Chicago IL GO | 5.250% | 1/1/17 (14)(3) | 2,300 | 2,670 |
Chicago IL GO | 5.500% | 1/1/17 (4) | 18,430 | 21,700 |
Chicago IL GO | 5.000% | 1/1/18 | 1,525 | 1,751 |
Chicago IL GO | 5.000% | 1/1/19 | 3,825 | 4,391 |
Chicago IL GO | 5.000% | 1/1/21 (4) | 18,155 | 19,494 |
Chicago IL GO | 5.000% | 1/1/21 | 5,490 | 5,997 |
Chicago IL GO | 5.000% | 12/1/21 | 5,730 | 6,375 |
Chicago IL GO | 0.000% | 1/1/22 | 4,750 | 2,851 |
Chicago IL GO | 0.000% | 1/1/23 | 4,900 | 2,784 |
Chicago IL GO | 5.000% | 1/1/23 | 10,585 | 11,501 |
Chicago IL GO | 5.000% | 12/1/23 | 7,000 | 7,633 |
Chicago IL GO | 5.000% | 1/1/26 (4) | 10,000 | 10,424 |
Chicago IL GO | 0.000% | 1/1/27 | 7,000 | 3,145 |
Chicago IL GO | 5.000% | 1/1/27 (14) | 8,200 | 8,602 |
Chicago IL GO | 5.000% | 1/1/28 (14) | 9,900 | 10,329 |
Chicago IL Housing Auth. Capital Project Rev. | 5.375% | 7/1/12 (Prere.) | 5,540 | 5,997 |
Chicago IL Housing Auth. Capital Project Rev. | 5.375% | 7/1/12 (Prere.) | 13,425 | 14,532 |
Chicago IL Housing Auth. Capital Project Rev. | 5.375% | 7/1/12 (Prere.) | 7,150 | 7,740 |
Chicago IL Housing Auth. Capital Project Rev. | 5.375% | 7/1/12 (Prere.) | 3,715 | 4,023 |
1 Chicago IL Metro. Water Reclamation Dist. GO TOB VRDO | 0.360% | 11/5/10 | 5,375 | 5,375 |
Chicago IL O’Hare International Airport Rev. | 5.000% | 1/1/12 (14) | 10,000 | 10,449 |
Chicago IL O’Hare International Airport Rev. | 5.250% | 1/1/14 (14) | 2,000 | 2,198 |
Chicago IL O’Hare International Airport Rev. | 5.250% | 1/1/15 (14) | 5,000 | 5,592 |
Chicago IL O’Hare International Airport Rev. | 5.000% | 1/1/18 (4) | 7,025 | 7,908 |
Chicago IL O’Hare International Airport Rev. | 5.000% | 1/1/19 (4) | 22,920 | 25,471 |
Chicago IL O’Hare International Airport Rev. | 5.000% | 1/1/19 (4) | 8,920 | 10,039 |
Chicago IL O’Hare International Airport Rev. | 5.000% | 1/1/21 (4) | 15,960 | 17,434 |
Chicago IL O’Hare International Airport Rev. | 5.000% | 1/1/22 (4) | 18,295 | 19,816 |
Chicago IL O’Hare International Airport Rev. | 5.000% | 1/1/23 (4) | 15,275 | 16,416 |
Chicago IL O’Hare International Airport Rev. | 5.000% | 1/1/24 (4) | 18,250 | 19,436 |
Chicago IL Transit Auth. Capital Grant Receipts Rev. | 5.000% | 6/1/14 | 4,200 | 4,668 |
Chicago IL Transit Auth. Capital Grant Receipts Rev. | 5.000% | 6/1/18 (2) | 10,000 | 11,177 |
Chicago IL Transit Auth. Capital Grant Receipts Rev. | 5.000% | 6/1/20 | 4,900 | 5,464 |
Chicago IL Transit Auth. Capital Grant Receipts Rev. | 5.250% | 6/1/24 (12) | 5,000 | 5,409 |
Chicago IL Transit Auth. Capital Grant Receipts Rev. | 5.250% | 6/1/25 (12) | 11,000 | 11,840 |
Chicago IL Transit Auth. Capital Grant Receipts Rev. | 5.250% | 6/1/26 (12) | 8,260 | 8,829 |
Chicago IL Transit Auth. Capital Grant Receipts Rev. | 5.000% | 6/1/27 | 31,170 | 33,045 |
Chicago IL Transit Auth. Capital Grant Receipts Rev. | 5.000% | 6/1/27 | 13,085 | 13,872 |
Chicago IL Transit Auth. Capital Grant Receipts Rev. | 5.000% | 6/1/28 | 30,225 | 31,799 |
57
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Chicago IL Transit Auth. Rev. | 5.000% | 6/1/13 | 4,000 | 4,356 |
Chicago IL Transit Auth. Rev. | 5.000% | 6/1/15 | 6,060 | 6,840 |
Chicago IL Transit Auth. Rev. | 5.500% | 6/1/18 | 7,435 | 8,739 |
Chicago IL Transit Auth. Rev. | 5.000% | 6/1/20 (12) | 3,185 | 3,540 |
Chicago IL Transit Auth. Sales Tax Receipts Rev. | 5.000% | 12/1/19 | 9,915 | 11,433 |
Chicago IL Wastewater Transmission Rev. VRDO | 0.270% | 11/1/10 LOC | 22,000 | 22,000 |
Chicago IL Water Rev. | 5.500% | 11/1/11 (Prere.) | 2,000 | 2,103 |
Chicago IL Water Rev. | 5.500% | 11/1/11 (Prere.) | 3,595 | 3,781 |
Chicago IL Water Rev. | 5.500% | 11/1/11 (Prere.) | 3,200 | 3,366 |
Chicago IL Water Rev. | 5.500% | 11/1/11 (Prere.) | 4,035 | 4,244 |
Chicago IL Water Rev. | 0.000% | 11/1/14 (2) | 7,460 | 6,906 |
Chicago IL Water Rev. | 0.000% | 11/1/15 (2) | 7,555 | 6,745 |
Chicago IL Water Rev. | 5.000% | 11/1/19 (4) | 17,565 | 19,932 |
Cook County IL Community College Dist. | 5.000% | 12/1/23 | 1,100 | 1,217 |
Cook County IL GO | 5.000% | 11/15/18 | 8,000 | 9,184 |
Cook County IL GO | 5.000% | 11/15/20 | 7,500 | 8,442 |
Cook County IL GO | 5.000% | 11/15/21 | 5,410 | 5,998 |
Cook County IL High School Dist. (Thornton Township)�� | 5.000% | 12/1/15 (12) | 2,020 | 2,332 |
Cook County IL High School Dist. (Thornton Township) | 5.500% | 12/1/17 (12) | 2,000 | 2,395 |
Du Page & Cook Counties IL Community Consolidated School Dist. GO | 4.500% | 1/1/21 (14) | 4,900 | 5,291 |
Grundy & Will Counties IL Community USD | 5.875% | 2/1/23 | 2,315 | 2,669 |
Grundy & Will Counties IL Community USD | 5.875% | 2/1/25 | 2,720 | 3,098 |
Grundy & Will Counties IL Community USD | 5.875% | 2/1/26 | 3,060 | 3,467 |
Grundy & Will Counties IL Community USD | 5.875% | 8/1/28 | 6,520 | 7,328 |
Illinois Educ. Fac. Auth. Rev. (Univ. of Chicago) PUT | 3.375% | 2/3/14 | 10,000 | 10,638 |
Illinois Finance Auth. Gas Supply Rev. (Peoples Gas Light & Coke) PUT | 2.125% | 7/1/14 | 2,875 | 2,894 |
Illinois Finance Auth. Rev. (Advocate Health Care) | 6.125% | 11/1/23 | 3,000 | 3,525 |
Illinois Finance Auth. Rev. (Advocate Health) | 5.000% | 4/1/19 | 1,500 | 1,677 |
Illinois Finance Auth. Rev. (Advocate Health) | 5.000% | 4/1/20 | 2,000 | 2,200 |
Illinois Finance Auth. Rev. (Advocate Health) | 5.000% | 4/1/21 | 6,535 | 7,095 |
Illinois Finance Auth. Rev. (Advocate Health) | 5.000% | 4/1/22 | 10,000 | 10,746 |
Illinois Finance Auth. Rev. (Advocate Health) PUT | 4.375% | 7/1/14 | 7,500 | 8,015 |
Illinois Finance Auth. Rev. (Advocate Health) VRDO | 0.270% | 11/5/10 | 38,395 | 38,395 |
Illinois Finance Auth. Rev. (Carle Foundation) VRDO | 0.240% | 11/5/10 LOC | 37,625 | 37,625 |
Illinois Finance Auth. Rev. (Central Dupage Health) | 5.000% | 11/1/27 | 18,725 | 19,824 |
Illinois Finance Auth. Rev. (Central Dupage Health) | 5.125% | 11/1/29 | 15,000 | 15,654 |
Illinois Finance Auth. Rev. (Childrens Memorial Hosp.) | 5.500% | 8/15/28 | 21,760 | 22,468 |
Illinois Finance Auth. Rev. (Ingalls Health System Obligated Group) VRDO | 0.280% | 11/5/10 LOC | 23,380 | 23,380 |
Illinois Finance Auth. Rev. (Institute of Chicago) VRDO | 0.240% | 11/5/10 LOC | 15,165 | 15,165 |
Illinois Finance Auth. Rev. (Little Co. Mary Hosp.) | 5.250% | 8/15/36 | 6,500 | 6,365 |
Illinois Finance Auth. Rev. (Memorial Health System) | 5.250% | 4/1/29 | 12,670 | 12,712 |
Illinois Finance Auth. Rev. (Northwestern Community Hosp.) | 5.250% | 7/1/28 | 8,500 | 9,062 |
Illinois Finance Auth. Rev. (Northwestern Community Hosp.) | 5.750% | 8/15/30 | 9,000 | 9,926 |
Illinois Finance Auth. Rev. (OSF Healthcare System) | 7.000% | 11/15/29 | 10,000 | 11,339 |
Illinois Finance Auth. Rev. (Palos Community Hosp.) | 5.375% | 5/15/30 | 34,070 | 35,396 |
Illinois Finance Auth. Rev. (Provena Health) VRDO | 0.270% | 11/1/10 LOC | 12,000 | 12,000 |
Illinois Finance Auth. Rev. (Rush Univ. Medical Center) | 5.000% | 11/1/23 (14) | 5,000 | 5,200 |
Illinois Finance Auth. Rev. (Rush Univ. Medical Center) | 5.750% | 11/1/28 (14) | 3,000 | 3,175 |
Illinois Finance Auth. Rev. (Rush Univ. Medical Center) | 6.375% | 11/1/29 | 7,000 | 7,650 |
Illinois Finance Auth. Rev. (Silver Cross & Medical Centers) | 5.500% | 8/15/30 | 5,000 | 5,127 |
Illinois Finance Auth. Rev. (Southern Illinois Healthcare) | 5.250% | 3/1/30 (4) | 7,000 | 7,369 |
Illinois Finance Auth. Rev. (Univ. of Chicago Medical Center) | 5.000% | 8/15/18 | 3,555 | 4,034 |
Illinois Finance Auth. Rev. (Univ. of Chicago Medical Center) | 5.000% | 8/15/19 | 11,605 | 13,074 |
Illinois Finance Auth. Rev. (Univ. of Chicago Medical Center) | 5.000% | 8/15/20 | 3,185 | 3,569 |
Illinois Finance Auth. Rev. (Univ. of Chicago Medical Center) | 5.000% | 8/15/22 | 10,000 | 10,907 |
Illinois GO | 5.375% | 7/1/12 (Prere.) | 5,500 | 5,954 |
Illinois GO | 5.375% | 7/1/12 (14)(Prere.) | 5,000 | 5,410 |
Illinois GO | 5.250% | 10/1/12 | 14,000 | 14,926 |
Illinois GO | 5.500% | 8/1/13 (14) | 14,005 | 15,344 |
Illinois GO | 5.250% | 10/1/14 | 40,000 | 43,550 |
Illinois GO | 5.000% | 1/1/15 | 6,050 | 6,630 |
Illinois GO | 5.500% | 8/1/17 (14) | 7,500 | 7,952 |
Illinois GO | 5.500% | 8/1/18 (14) | 6,000 | 6,350 |
Illinois GO | 5.000% | 1/1/19 | 10,000 | 10,719 |
Illinois GO | 5.000% | 1/1/19 (4) | 15,000 | 16,375 |
Illinois GO | 5.000% | 1/1/19 | 15,475 | 16,588 |
Illinois GO | 5.000% | 1/1/20 (4) | 8,635 | 9,320 |
Illinois GO | 5.000% | 1/1/21 (4) | 31,470 | 33,640 |
Illinois GO | 5.250% | 1/1/21 | 7,425 | 8,071 |
Illinois GO | 5.000% | 1/1/22 | 2,740 | 2,886 |
Illinois GO | 5.000% | 11/1/24 (2) | 5,000 | 5,092 |
Illinois GO | 5.000% | 4/1/26 (2) | 12,600 | 12,819 |
58
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Illinois GO | 5.000% | 6/1/26 | 900 | 910 |
Illinois GO | 5.000% | 6/1/26 | 5,100 | 5,218 |
Illinois GO | 5.000% | 6/1/27 (14) | 4,000 | 4,040 |
Illinois GO | 5.000% | 3/1/28 | 20,000 | 20,225 |
Illinois GO | 5.000% | 9/1/31 | 5,000 | 5,045 |
Illinois Health Fac. Auth. Rev. (Elmhurst Memorial Hosp.) | 6.250% | 1/1/17 | 5,060 | 5,237 |
Illinois Health Fac. Auth. Rev. (Evanston Hosp. Corp.) VRDO | 0.250% | 11/5/10 | 400 | 400 |
Illinois Regional Transp. Auth. Rev. | 6.250% | 7/1/22 (4) | 5,000 | 6,106 |
Illinois Regional Transp. Auth. Rev. | 6.000% | 7/1/23 (14) | 5,000 | 6,033 |
Illinois Regional Transp. Auth. Rev. | 6.250% | 7/1/23 (4) | 11,475 | 14,092 |
Illinois Sales Tax Rev. | 0.000% | 12/15/16 (2) | 5,000 | 4,123 |
Illinois Sales Tax Rev. | 5.375% | 6/15/18 | 9,860 | 11,601 |
Illinois Sales Tax Rev. | 5.375% | 6/15/20 | 9,635 | 11,311 |
Illinois Sales Tax Rev. | 5.000% | 6/15/28 (14) | 6,000 | 6,241 |
Illinois State Build Rev. | 5.000% | 6/15/18 | 12,000 | 13,826 |
Illinois State Build Rev. | 5.000% | 6/15/19 | 5,000 | 5,750 |
Illinois State Build Rev. | 5.000% | 6/15/19 | 6,000 | 6,909 |
Illinois State Build Rev. | 5.000% | 6/15/20 | 5,225 | 5,918 |
Illinois State Tollway Highway Auth. Toll Highway Rev. | 5.000% | 1/1/23 (4) | 5,000 | 5,375 |
Illinois State Tollway Highway Auth. Toll Highway Rev. | 5.000% | 1/1/23 (4) | 23,000 | 24,647 |
Illinois State Tollway Highway Auth. Toll Highway Rev. | 5.000% | 1/1/24 (4) | 20,000 | 21,371 |
Illinois State Tollway Highway Auth. Toll Highway Rev. | 5.000% | 1/1/25 (4) | 5,700 | 6,067 |
Illinois State Tollway Highway Auth. Toll Highway Rev. VRDO | 0.290% | 11/5/10 (4) | 4,100 | 4,100 |
Illinois State Tollway Highway Auth. Toll Highway Rev. VRDO | 0.330% | 11/5/10 | 8,200 | 8,200 |
Kendall Kane & Will Counties IL Community Unit School Dist. | 0.000% | 2/1/28 (4) | 3,125 | 1,362 |
Lake County IL (High School Dist. 127) | 0.000% | 2/1/19 | 5,000 | 3,848 |
Lake County IL (High School Dist. 127) | 0.000% | 2/1/20 | 5,000 | 3,661 |
Lake County IL (High School Dist. 127) | 0.000% | 2/1/22 | 5,690 | 3,769 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 0.000% | 12/15/15 (14) | 13,000 | 11,042 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 0.000% | 12/15/16 (14) | 11,330 | 9,126 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 0.000% | 6/15/19 (14) | 38,340 | 26,204 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 0.000% | 12/15/21 (14) | 6,000 | 3,469 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 0.000% | 12/15/23 (14) | 32,515 | 16,533 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 0.000% | 12/15/23 (14) | 21,000 | 10,678 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 0.000% | 12/15/24 (14) | 15,795 | 7,533 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 0.000% | 12/15/25 (14) | 19,785 | 8,823 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 0.000% | 12/15/29 (14) | 30,000 | 10,163 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 0.000% | 12/15/29 (4) | 30,700 | 10,400 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 0.000% | 6/15/30 (4) | 24,740 | 8,039 |
Peoria IL Public Building Community School Dist. Rev. | 0.000% | 12/1/14 (12) | 2,800 | 2,547 |
Peoria IL Public Building Community School Dist. Rev. | 0.000% | 12/1/15 (12) | 2,800 | 2,444 |
Peoria IL Public Building Community School Dist. Rev. | 0.000% | 12/1/16 (12) | 2,900 | 2,408 |
Univ. of Illinois Univ. Rev. Auxiliary Fac. | 0.000% | 4/1/16 (14) | 15,270 | 13,168 |
Univ. of Illinois Univ. Rev. Auxiliary Fac. | 5.000% | 4/1/21 | 3,430 | 3,792 |
Univ. of Illinois Univ. Rev. Auxiliary Fac. | 5.000% | 4/1/22 | 6,015 | 6,604 |
Univ. of Illinois Univ. Rev. Auxiliary Fac. | 5.250% | 4/1/30 | 5,000 | 5,353 |
| | | | 1,690,969 |
Indiana (1.2%) | | | | |
Decatur Township IN Multi-School Buildings Corp. Rev. | 5.000% | 7/15/21 (4) | 5,695 | 6,318 |
Franklin IN Community Multi-School Building Corp. | 5.000% | 7/15/23 (4) | 2,480 | 2,881 |
Hammond IN School Building Corp. | 5.000% | 7/15/24 (14) | 2,735 | 2,876 |
Hammond IN School Building Corp. | 5.000% | 7/15/25 (14) | 2,875 | 3,016 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) | 5.000% | 11/1/18 | 5,000 | 5,635 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) | 5.000% | 11/1/20 | 4,370 | 4,780 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) | 5.000% | 11/1/23 | 3,570 | 3,800 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) | 5.250% | 11/1/24 | 10,855 | 11,692 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) | 5.250% | 11/1/25 | 13,895 | 14,947 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) | 5.250% | 11/1/26 | 14,425 | 15,476 |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) | 5.250% | 11/1/27 | 8,615 | 9,194 |
Indiana Finance Auth. Highway Rev. | 5.000% | 12/1/19 | 8,750 | 10,403 |
Indiana Finance Auth. Lease Rev. | 5.000% | 11/1/17 | 7,500 | 8,682 |
Indiana Finance Auth. Rev. | 5.000% | 7/1/15 | 3,865 | 4,411 |
Indiana Finance Auth. Rev. | 5.000% | 7/1/17 | 3,315 | 3,828 |
Indiana Finance Auth. Rev. | 5.000% | 7/1/18 | 4,085 | 4,723 |
Indiana Finance Auth. Rev. (Duke Energy Project) | 3.375% | 3/1/19 | 10,000 | 10,001 |
Indiana Finance Auth. Rev. (Lease Appropriation) VRDO | 0.270% | 11/1/10 | 12,000 | 12,000 |
Indiana Finance Auth. Rev. (Trinity Health) | 5.000% | 12/1/28 | 6,295 | 6,642 |
Indiana Finance Auth. Rev. (Wabash Valley Correctional Fac.) | 5.000% | 7/1/14 | 2,510 | 2,825 |
Indiana Health & Educ. Fac. Auth. Hosp. Rev. (Harrison County Hosp. Project) VRDO | 0.310% | 11/1/10 LOC | 7,300 | 7,300 |
Indiana Health Fac. Auth. Finance Auth. Rev. (Ascension Health Credit Group) PUT | 3.750% | 2/1/12 | 10,000 | 10,380 |
Indiana Health Fac. Auth. Finance Auth. Rev. (Clarian Health Obligation Group) | 5.000% | 2/15/24 | 2,000 | 2,028 |
Indiana Health Fac. Auth. Finance Auth. Rev. (Clarian Health Obligation Group) | 5.000% | 2/15/25 | 14,000 | 14,173 |
59
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Indiana Health Fac. Auth. Finance Auth. Rev. (Clarian Health Obligation Group) | 5.000% | 2/15/26 | 18,475 | 18,575 |
Indiana Muni. Power Agency Rev. | 5.250% | 1/1/15 (14) | 750 | 807 |
Indiana Muni. Power Agency Rev. | 5.000% | 1/1/21 | 5,970 | 6,725 |
Indiana Muni. Power Agency Rev. | 5.625% | 1/1/28 | 4,640 | 5,127 |
Indiana Muni. Power Agency Rev. | 5.750% | 1/1/29 | 2,000 | 2,214 |
Indiana Office Building Comm. Fac. Rev. (New Castle Correctional Fac.) | 5.250% | 7/1/19 (14) | 3,515 | 4,080 |
Indiana Transp. Finance Auth. Highway Rev. | 5.000% | 12/1/12 (14) | 4,500 | 4,913 |
Indianapolis IN Gas Util. Rev. | 5.000% | 8/15/21 (4) | 3,530 | 3,957 |
Indianapolis IN Gas Util. Rev. | 5.000% | 8/15/22 (4) | 15,655 | 17,372 |
Indianapolis IN Local Public Improvement Bond Bank Notes | 5.000% | 1/15/19 | 3,000 | 3,525 |
Indianapolis IN Local Public Improvement Bond Bank Notes | 5.000% | 1/15/20 | 1,545 | 1,812 |
Indianapolis IN Local Public Improvement Bond Bank Notes | 5.000% | 1/15/21 | 8,590 | 9,917 |
Indianapolis IN Local Public Improvement Bond Bank Notes | 5.000% | 1/15/22 | 7,000 | 8,003 |
Indianapolis IN Local Public Improvement Rev. | 5.000% | 2/1/18 | 15,070 | 17,706 |
Indianapolis IN Local Public Improvement Rev. | 5.000% | 2/1/20 | 5,000 | 5,795 |
Indianapolis IN Local Public Improvement Rev. | 5.000% | 8/1/22 | 1,425 | 1,610 |
Indianapolis IN Local Public Improvement Rev. | 5.000% | 8/1/23 | 1,895 | 2,123 |
Indianapolis IN Local Public Improvement Rev. | 5.000% | 8/1/25 | 2,085 | 2,318 |
Indianapolis IN Local Public Improvement Rev. | 5.000% | 8/1/26 | 1,985 | 2,194 |
Indianapolis IN Local Public Improvement Rev. (Bank-Waterworks Project) | 5.500% | 1/1/29 | 10,000 | 10,949 |
Indianapolis IN Local Public Improvement Rev. (Bond Bank Infrastructure) | 5.000% | 1/1/22 | 1,715 | 1,947 |
Indianapolis IN Local Public Improvement Rev. (Bond Bank Infrastructure) | 5.000% | 1/1/23 (12) | 4,285 | 4,821 |
Indianapolis IN Local Public Improvement Rev. (Bond Bank Infrastructure) | 5.000% | 1/1/25 (12) | 3,535 | 3,901 |
Purdue Univ. Indiana Univ. Rev. | 5.000% | 7/1/20 | 2,100 | 2,504 |
Rockport IN PCR (Michigan Power Company) PUT | 6.250% | 6/2/14 | 13,250 | 14,821 |
Rockport IN PCR (Michigan Power Company) PUT | 6.250% | 6/2/14 | 11,750 | 13,143 |
Whiting IN Environmental Fac. Rev. (BP Products) PUT | 2.800% | 6/2/14 | 18,000 | 18,338 |
| | | | 367,208 |
Iowa (0.3%) | | | | |
Clinton Community School Dist. Iowa School Infrastructure Sales Services | 4.750% | 7/1/26 | 1,970 | 2,061 |
Clinton Community School Dist. Iowa School Infrastructure Sales Services | 4.750% | 7/1/27 | 1,565 | 1,627 |
Clinton Community School Dist. Iowa School Infrastructure Sales Services | 5.000% | 1/1/30 | 6,080 | 6,208 |
Des Moines IA Independent Community School Dist. School Infrastructure | 5.000% | 6/1/19 | 3,400 | 3,901 |
Iowa Finance Auth. Health Fac. Rev. (Iowa Health System) | 5.250% | 2/15/29 (12) | 13,500 | 14,542 |
Iowa Finance Auth. Health Fac. Rev. (Iowa Health System) | 5.250% | 8/15/29 (12) | 5,500 | 5,946 |
Iowa GO | 5.500% | 2/15/13 (14) | 8,945 | 9,893 |
Iowa Higher Educ. Loan Auth. Rev. Private College Fac. (Grinnell College Project) | 5.000% | 12/1/20 | 1,000 | 1,201 |
Iowa State Special Obligation (Ijobs Program) | 5.000% | 6/1/27 | 5,985 | 6,659 |
Iowa State Special Obligation (Ijobs Program) | 5.000% | 6/1/28 | 6,280 | 6,945 |
Iowa State Special Obligation (Prison Infrastructure) | 5.000% | 6/15/21 | 1,150 | 1,336 |
Iowa State Special Obligation (Prison Infrastructure) | 5.000% | 6/15/22 | 2,100 | 2,416 |
Iowa State Special Obligation (Prison Infrastructure) | 5.000% | 6/15/27 | 4,000 | 4,411 |
Iowa Student Loan Liquidity Corp. Rev. | 5.000% | 12/1/16 | 8,545 | 9,392 |
Iowa Student Loan Liquidity Corp. Rev. | 5.250% | 12/1/17 | 5,655 | 6,270 |
| | | | 82,808 |
Kansas (0.4%) | | | | |
Cowley County KS USD GO | 4.750% | 9/1/26 (4) | 3,680 | 3,912 |
Cowley County KS USD GO | 4.750% | 9/1/27 (4) | 3,500 | 3,697 |
Kansas Dept. of Transp. Highway Rev. | 5.000% | 9/1/12 | 7,400 | 8,012 |
Kansas Dept. of Transp. Highway Rev. | 5.000% | 9/1/19 | 5,000 | 6,037 |
Kansas Dept. of Transp. Highway Rev. | 5.000% | 9/1/20 | 3,500 | 4,232 |
Kansas Dept. of Transp. Highway Rev. VRDO | 0.260% | 11/5/10 | 25,000 | 25,000 |
Kansas Dev. Finance Auth. Hosp. Rev. (Advantist Health) | 5.000% | 11/15/20 | 1,150 | 1,309 |
Kansas Dev. Finance Auth. Hosp. Rev. (Advantist Health) | 5.000% | 11/15/22 | 1,500 | 1,637 |
Kansas Dev. Finance Auth. Hosp. Rev. (Advantist Health) | 5.000% | 11/15/24 | 2,800 | 3,027 |
Kansas Dev. Finance Auth. Hosp. Rev. (Advantist Health) | 5.000% | 11/15/29 | 6,000 | 6,294 |
Kansas Dev. Finance Auth. Hosp. Rev. (Advantist Health) | 5.500% | 11/15/29 | 10,435 | 11,455 |
Kansas Dev. Finance Auth. Rev. | 5.250% | 1/1/25 | 7,500 | 8,088 |
Kansas Dev. Finance Auth. Rev. (Kansas Dept. of Commerce Impact Program) | 5.000% | 6/1/19 | 6,730 | 7,950 |
Kansas Dev. Finance Auth. Rev. (Kansas Dept. of Commerce Impact Program) | 5.000% | 6/1/20 | 7,070 | 8,348 |
Leavenworth County KS USD | 4.500% | 3/1/18 (12) | 1,030 | 1,181 |
Leavenworth County KS USD | 4.500% | 9/1/18 (12) | 1,030 | 1,185 |
Leavenworth County KS USD | 4.500% | 3/1/19 (12) | 1,000 | 1,142 |
Leavenworth County KS USD | 4.500% | 9/1/19 (12) | 600 | 686 |
Leavenworth County KS USD | 4.500% | 3/1/20 (12) | 1,115 | 1,258 |
Leavenworth County KS USD | 4.500% | 9/1/20 (12) | 1,185 | 1,333 |
Leavenworth County KS USD | 4.750% | 3/1/21 (12) | 1,165 | 1,313 |
Leavenworth County KS USD | 4.750% | 9/1/21 (12) | 1,265 | 1,422 |
Leavenworth County KS USD | 5.000% | 3/1/22 (12) | 1,060 | 1,208 |
Leavenworth County KS USD | 5.000% | 9/1/22 (12) | 1,360 | 1,547 |
Univ. of Kansas Hosp. Auth. Health System | 5.000% | 9/1/18 | 1,000 | 1,115 |
60
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Univ. of Kansas Hosp. Auth. Health System | 5.000% | 9/1/19 | 1,500 | 1,654 |
Univ. of Kansas Hosp. Auth. Health System | 5.000% | 9/1/20 | 1,500 | 1,640 |
Univ. of Kansas Hosp. Auth. Health System | 5.000% | 9/1/21 | 1,500 | 1,615 |
Univ. of Kansas Hosp. Auth. Health System | 5.000% | 9/1/24 | 5,055 | 5,318 |
Univ. of Kansas Hosp. Auth. Health System | 5.000% | 9/1/26 | 4,300 | 4,508 |
Wichita KS Hosp. Fac. Rev. (Via Christi Health System, Inc.) | 5.000% | 11/15/16 | 1,000 | 1,114 |
Wichita KS Hosp. Fac. Rev. (Via Christi Health System, Inc.) | 5.250% | 11/15/24 | 5,000 | 5,318 |
Wyandotte County Kansas City KS Unified Govt. Util. System Rev. | 5.000% | 9/1/24 (13) | 5,000 | 5,466 |
| | | | 139,021 |
Kentucky (1.2%) | | | | |
Kentucky Asset/Liability Comm. Agency Fund Rev. (Federeal Highway Trust) | 5.250% | 9/1/18 (14) | 5,000 | 5,972 |
Kentucky Asset/Liability Comm. Agency Fund Rev. (Federeal Highway Trust) | 5.000% | 9/1/20 | 8,315 | 9,728 |
Kentucky Asset/Liability Comm. Agency Fund Rev. (Federeal Highway Trust) | 5.000% | 9/1/21 | 14,000 | 16,331 |
Kentucky Asset/Liability Comm. Agency Fund Rev. (Federeal Highway Trust) | 5.000% | 9/1/22 | 7,000 | 8,086 |
Kentucky Econ. Dev. Finance Auth. Medical Center Rev. (King’s Daughters) | 5.000% | 2/1/18 | 1,840 | 2,012 |
Kentucky Econ. Dev. Finance Auth. Medical Center Rev. (King’s Daughters) | 5.000% | 2/1/19 | 1,475 | 1,609 |
Kentucky Econ. Dev. Finance Auth. Medical Center Rev. (King’s Daughters) | 5.000% | 2/1/20 | 1,125 | 1,224 |
Kentucky Econ. Dev. Finance Auth. Medical Center Rev. (King’s Daughters) | 5.000% | 2/1/21 | 2,000 | 2,147 |
Kentucky GO CP | 5.000% | 11/1/20 | 4,500 | 5,125 |
Kentucky Property & Building Comm. Rev. | 5.250% | 8/1/11 (4)(Prere.) | 11,815 | 12,257 |
Kentucky Property & Building Comm. Rev. | 5.250% | 8/1/11 (4)(Prere.) | 9,725 | 10,088 |
Kentucky Property & Building Comm. Rev. | 5.375% | 10/1/11 (14)(Prere.) | 5,000 | 5,233 |
Kentucky Property & Building Comm. Rev. | 5.500% | 8/1/12 (4) | 10,000 | 10,845 |
Kentucky Property & Building Comm. Rev. | 5.250% | 8/1/13 (4) | 27,540 | 28,454 |
Kentucky Property & Building Comm. Rev. | 5.250% | 10/1/13 (4) | 14,965 | 16,820 |
Kentucky Property & Building Comm. Rev. | 5.250% | 8/1/15 (4) | 15,480 | 15,982 |
Kentucky Property & Building Comm. Rev. | 5.250% | 10/1/15 (4) | 1,500 | 1,754 |
2 Kentucky Property & Building Comm. Rev. | 5.000% | 11/1/17 | 8,570 | 9,951 |
Kentucky Property & Building Comm. Rev. | 5.000% | 8/1/18 (14) | 8,350 | 9,671 |
2 Kentucky Property & Building Comm. Rev. | 5.000% | 11/1/18 | 14,880 | 17,263 |
Kentucky Property & Building Comm. Rev. | 5.500% | 8/1/19 (2) | 6,870 | 8,188 |
Kentucky Property & Building Comm. Rev. | 5.000% | 10/1/19 (2) | 5,000 | 5,784 |
Kentucky Property & Building Comm. Rev. | 5.000% | 8/1/20 | 22,505 | 25,880 |
Kentucky Property & Building Comm. Rev. | 5.500% | 8/1/20 (2) | 4,320 | 5,139 |
Kentucky Property & Building Comm. Rev. | 5.000% | 8/1/21 | 45,000 | 51,475 |
Kentucky Property & Building Comm. Rev. | 5.250% | 2/1/23 (12) | 6,215 | 7,088 |
Kentucky Property & Building Comm. Rev. | 5.000% | 11/1/23 (4) | 5,120 | 5,677 |
Kentucky Property & Building Comm. Rev. | 5.000% | 11/1/24 (4) | 5,000 | 5,489 |
Kentucky Property & Building Comm. Rev. | 5.250% | 2/1/25 (12) | 4,995 | 5,601 |
Kentucky Turnpike Auth. Econ. Dev. Road Rev. (Revitalization Project) | 5.000% | 7/1/23 | 9,890 | 11,042 |
Kentucky Turnpike Auth. Econ. Dev. Road Rev. (Revitalization Project) | 5.000% | 7/1/24 | 7,065 | 7,815 |
Kentucky Turnpike Auth. Econ. Dev. Road Rev. (Revitalization Project) | 5.000% | 7/1/25 | 7,000 | 7,701 |
Louisville & Jefferson County KY Metro. Govt. Pollution Rev. PUT | 5.750% | 12/2/13 | 23,000 | 25,251 |
| | | | 362,682 |
Louisiana (1.4%) | | | | |
East Baton Rouge Parish LA Sales Tax Rev. | 5.000% | 8/1/22 (12) | 2,560 | 2,887 |
East Baton Rouge Parish LA Sales Tax Rev. | 5.000% | 8/1/23 (12) | 5,165 | 5,776 |
Jefferson Parish LA (Environmental Fac. & Community Dev. Auth.) | 5.000% | 4/1/17 | 1,000 | 1,143 |
Jefferson Parish LA (Environmental Fac. & Community Dev. Auth.) | 5.000% | 4/1/18 | 1,000 | 1,144 |
Jefferson Parish LA (Environmental Fac. & Community Dev. Auth.) | 5.000% | 4/1/19 | 1,030 | 1,176 |
Jefferson Parish LA (Environmental Fac. & Community Dev. Auth.) | 5.000% | 4/1/20 | 1,000 | 1,123 |
Jefferson Parish LA (Environmental Fac. & Community Dev. Auth.) | 5.000% | 4/1/21 | 1,000 | 1,105 |
Louisiana Gasoline and Fuel Tax Rev. | 5.250% | 5/1/20 (14) | 6,200 | 6,765 |
Louisiana GO | 5.000% | 5/1/11 (4) | 16,830 | 17,230 |
Louisiana GO | 5.000% | 5/1/12 (4) | 18,955 | 20,236 |
Louisiana GO | 5.250% | 5/1/12 (14) | 10,000 | 10,708 |
Louisiana GO | 5.500% | 5/15/12 (14) | 12,660 | 12,996 |
Louisiana GO | 5.500% | 5/15/13 (14) | 5,345 | 5,487 |
Louisiana GO | 5.000% | 8/1/14 (14) | 22,880 | 26,176 |
Louisiana GO | 5.000% | 11/15/17 | 10,000 | 11,926 |
Louisiana GO | 5.000% | 11/15/17 | 17,040 | 20,322 |
Louisiana GO | 5.000% | 5/1/18 (4) | 25,210 | 28,829 |
Louisiana GO | 5.000% | 11/15/18 | 28,500 | 34,048 |
Louisiana GO | 5.000% | 11/15/19 | 15,035 | 17,924 |
Louisiana GO | 5.000% | 11/15/19 | 22,870 | 27,264 |
Louisiana GO | 5.000% | 5/1/21 (4) | 9,765 | 10,802 |
Louisiana GO | 5.000% | 5/1/23 (4) | 26,665 | 29,165 |
Louisiana Local Govt. Environment Fac. & Community Dev. Auth. Rev. (Women’s Hosp.) | 5.625% | 10/1/30 | 15,905 | 16,225 |
Louisiana Local Govt. Environment Fac. & Community Logistics Fac. Corp. | 5.000% | 10/1/22 | 2,790 | 3,092 |
Louisiana Local Govt. Environment Fac. & Community Logistics Fac. Corp. | 5.000% | 10/1/24 | 11,000 | 11,997 |
Louisiana Local Govt. Environment Fac. & Community Logistics Fac. Corp. | 5.000% | 10/1/25 | 2,000 | 2,167 |
61
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Louisiana Public Fac. Auth. Rev. (Ochsner Clinic) | 5.000% | 5/15/15 | 4,055 | 4,342 |
Louisiana Public Fac. Auth. Rev. (Ochsner Clinic) | 5.000% | 5/15/17 | 1,520 | 1,606 |
Louisiana Public Fac. Auth. Rev. (Ochsner Clinic) | 5.250% | 5/15/27 | 15,165 | 15,165 |
Louisiana State Citizens Property Insurance Corp. Assessment Rev. | 5.000% | 6/1/18 (2) | 14,470 | 15,286 |
Louisiana State Citizens Property Insurance Corp. Assessment Rev. | 5.000% | 6/1/21 (2) | 20,000 | 20,387 |
Louisiana State Citizens Property Insurance Corp. Assessment Rev. | 5.000% | 6/1/22 (2) | 13,660 | 13,822 |
Louisiana State Citizens Property Insurance Corp. Assessment Rev. | 5.000% | 6/1/23 (2) | 10,000 | 10,054 |
New Orleans LA Aviation Board Rev. | 4.500% | 1/1/16 (12) | 1,860 | 2,000 |
New Orleans LA Aviation Board Rev. | 4.500% | 1/1/16 (12) | 4,535 | 4,876 |
New Orleans LA Aviation Board Rev. | 4.500% | 1/1/17 (12) | 1,955 | 2,096 |
New Orleans LA Aviation Board Rev. | 4.500% | 1/1/17 (12) | 1,390 | 1,490 |
New Orleans LA Aviation Board Rev. | 5.000% | 1/1/18 (12) | 2,200 | 2,406 |
New Orleans LA Aviation Board Rev. | 5.000% | 1/1/18 (12) | 2,440 | 2,669 |
| | | | 423,912 |
Maine (0.1%) | | | | |
Maine GO | 4.000% | 6/1/13 | 1,640 | 1,782 |
Maine GO | 5.000% | 6/1/16 | 3,770 | 4,469 |
Portland ME Airport Rev. GO | 5.000% | 1/1/21 (4) | 1,000 | 1,104 |
Portland ME Airport Rev. GO | 5.000% | 1/1/22 (4) | 1,000 | 1,093 |
Portland ME Airport Rev. GO | 5.000% | 1/1/23 | 1,000 | 1,083 |
Portland ME Airport Rev. GO | 5.000% | 1/1/24 (4) | 1,610 | 1,727 |
Portland ME Airport Rev. GO | 5.000% | 1/1/25 (4) | 1,000 | 1,067 |
Portland ME Airport Rev. GO | 5.000% | 1/1/26 (4) | 1,720 | 1,820 |
Portland ME Airport Rev. GO | 5.000% | 1/1/28 (4) | 1,200 | 1,253 |
Portland ME Airport Rev. GO | 5.000% | 1/1/29 (4) | 1,265 | 1,312 |
| | | | 16,710 |
Maryland (0.6%) | | | | |
Baltimore MD Consolidated Public Improvement GO | 5.000% | 10/15/18 (2) | 1,365 | 1,532 |
Baltimore MD Consolidated Public Improvement GO | 5.000% | 10/15/19 (2) | 2,185 | 2,453 |
Maryland Dept. of Transp. | 5.000% | 6/1/15 | 1,725 | 2,017 |
Maryland Econ. Dev. Corp. PCR (Potomac Electric Power Co.) | 6.200% | 9/1/22 | 6,000 | 7,058 |
Maryland GO | 5.000% | 8/1/12 | 10,000 | 10,797 |
Maryland GO | 5.000% | 8/1/12 | 10,000 | 10,797 |
Maryland GO | 5.000% | 2/15/13 | 58,765 | 64,704 |
Maryland GO | 5.000% | 8/1/13 | 10,685 | 11,959 |
Maryland GO | 5.000% | 8/1/15 (Prere.) | 15,260 | 17,980 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Johns Hopkins Health System) PUT | 5.000% | 5/15/15 | 3,500 | 3,968 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Lifebridge Health) | 5.000% | 7/1/14 (Prere.) | 3,915 | 4,462 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Lifebridge Health) | 5.000% | 7/1/14 (Prere.) | 2,980 | 3,396 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 5.000% | 7/1/16 | 3,895 | 4,294 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 5.000% | 7/1/17 | 3,000 | 3,303 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 5.000% | 7/1/18 | 2,500 | 2,743 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 5.250% | 7/1/19 | 1,700 | 1,882 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 4.500% | 7/1/20 | 1,500 | 1,555 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 5.250% | 7/1/21 | 2,000 | 2,176 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 4.750% | 7/1/23 | 900 | 928 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 5.500% | 7/1/24 (2) | 3,800 | 4,152 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 5.250% | 7/1/28 (2) | 9,000 | 9,602 |
Maryland Transp. Auth. Rev. | 5.000% | 3/1/14 | 13,240 | 15,058 |
Maryland Transp. Auth. Rev. | 5.000% | 3/1/16 | 2,500 | 2,957 |
Maryland Transp. Auth. Rev. | 5.250% | 3/1/16 | 4,000 | 4,783 |
Maryland Transp. Auth. Rev. | 5.250% | 3/1/20 | 8,085 | 9,740 |
| | | | 204,296 |
Massachusetts (4.0%) | | | | |
Boston MA Water & Sewer Comm. Rev. | 5.750% | 11/1/13 | 3,130 | 3,346 |
Chelsea MA GO | 5.500% | 6/15/11 (2) | 5,740 | 5,764 |
Chelsea MA GO | 5.500% | 6/15/12 (2) | 5,000 | 5,021 |
1 Massachusetts Bay Transp. Auth. Rev. TOB VRDO | 0.380% | 11/5/10 | 15,135 | 15,135 |
1 Massachusetts Bay Transp. Auth. Rev. TOB VRDO | 0.380% | 11/5/10 | 15,975 | 15,975 |
1 Massachusetts Bay Transp. Auth. Rev. TOB VRDO | 0.380% | 11/5/10 | 13,800 | 13,800 |
Massachusetts Dept. of Transp. Metro Highway System Rev. | 5.000% | 1/1/19 | 5,000 | 5,794 |
Massachusetts Dept. of Transp. Metro Highway System Rev. | 5.000% | 1/1/20 | 2,610 | 3,079 |
Massachusetts Dept. of Transp. Metro Highway System Rev. | 5.000% | 1/1/20 | 2,000 | 2,308 |
Massachusetts Dept. of Transp. Metro Highway System Rev. | 5.000% | 1/1/22 | 11,000 | 12,340 |
Massachusetts Dept. of Transp. Metro Highway System Rev. | 5.000% | 1/1/23 | 14,750 | 16,387 |
Massachusetts Dev. Finance Agency Resource Recovery Rev. (SEMASS System) | 5.625% | 1/1/13 (14) | 16,670 | 17,334 |
Massachusetts Dev. Finance Agency Resource Recovery Rev. (SEMASS System) | 5.625% | 1/1/14 (14) | 7,340 | 7,589 |
Massachusetts Dev. Finance Agency Resource Recovery Rev. (SEMASS System) | 5.625% | 1/1/15 (14) | 8,310 | 8,593 |
Massachusetts Dev. Finance Agency Resource Recovery Rev. (SEMASS System) | 5.625% | 1/1/16 (14) | 3,500 | 3,613 |
Massachusetts Dev. Finance Agency Rev. (Draper Laboratory) | 5.750% | 9/1/25 | 6,765 | 7,574 |
Massachusetts Dev. Finance Agency Rev. (Emerson College) | 5.500% | 1/1/30 | 15,000 | 16,000 |
62
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Massachusetts Educ. Finance Auth. Educ. Loan Rev. | 5.500% | 1/1/22 | 3,500 | 3,815 |
Massachusetts GAN | 5.125% | 12/15/10 | 5,000 | 5,019 |
Massachusetts GAN | 5.125% | 6/15/11 | 8,555 | 8,588 |
Massachusetts GAN | 5.750% | 12/15/11 | 20,000 | 20,133 |
Massachusetts GAN | 5.750% | 6/15/12 | 11,280 | 11,354 |
Massachusetts GAN | 5.125% | 12/15/12 | 5,000 | 5,019 |
Massachusetts GAN | 5.125% | 6/15/13 | 5,000 | 5,019 |
Massachusetts GAN | 5.750% | 6/15/13 | 10,000 | 10,066 |
Massachusetts GO | 5.000% | 11/1/13 | 8,000 | 9,011 |
Massachusetts GO | 5.500% | 11/1/13 (3) | 8,605 | 9,820 |
Massachusetts GO | 5.500% | 11/1/14 (14) | 3,000 | 3,521 |
Massachusetts GO | 5.500% | 12/1/14 (4) | 1,000 | 1,177 |
Massachusetts GO | 5.250% | 8/1/15 | 5,000 | 5,909 |
Massachusetts GO | 5.000% | 9/1/15 | 14,360 | 16,828 |
Massachusetts GO | 5.000% | 9/1/16 | 7,710 | 9,135 |
Massachusetts GO | 5.500% | 11/1/16 (ETM) | 24,500 | 30,144 |
Massachusetts GO | 5.500% | 11/1/16 (14)(ETM) | 73,000 | 89,818 |
Massachusetts GO | 5.500% | 11/1/16 (ETM) | 50,000 | 61,519 |
Massachusetts GO | 5.500% | 11/1/17 (14) | 20,000 | 24,519 |
Massachusetts GO | 5.500% | 11/1/17 (4) | 7,000 | 8,582 |
Massachusetts GO | 5.500% | 11/1/17 | 10,000 | 12,260 |
Massachusetts GO | 5.500% | 8/1/18 (14) | 5,000 | 6,142 |
Massachusetts GO | 5.500% | 10/1/18 | 9,500 | 11,694 |
Massachusetts GO | 5.500% | 10/1/20 (14) | 10,915 | 13,497 |
Massachusetts GO | 5.500% | 10/1/20 | 8,500 | 10,511 |
Massachusetts GO | 5.250% | 8/1/21 | 25,000 | 30,402 |
1 Massachusetts GO TOB VRDO | 0.380% | 11/5/10 (4)LOC | 7,955 | 7,955 |
1 Massachusetts GO TOB VRDO | 0.460% | 11/5/10 (2)LOC | 26,295 | 26,295 |
Massachusetts GO VRDO | 0.280% | 11/5/10 | 11,700 | 11,700 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Boston College) | 5.500% | 6/1/30 | 5,000 | 6,065 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Boston Medical Center) | 5.250% | 7/1/11 (14) | 4,670 | 4,680 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Boston Medical Center) | 5.250% | 7/1/12 (14) | 1,850 | 1,854 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Boston Medical Center) | 5.000% | 7/1/28 | 18,000 | 16,990 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Caregroup) | 5.375% | 7/1/23 | 3,380 | 3,573 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Caregroup) | 5.375% | 7/1/24 | 5,500 | 5,747 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Caregroup) | 5.375% | 7/1/25 | 3,500 | 3,648 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Caritas Christi Obligated Group) | 6.500% | 7/1/12 | 5,190 | 5,319 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Caritas Christi Obligated Group) | 5.625% | 7/1/20 | 1,810 | 1,810 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Caritas Christi Obligated Group) | 5.750% | 7/1/28 | 2,640 | 2,546 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Children’s Hosp.) VRDO | 0.250% | 11/5/10 LOC | 3,200 | 3,200 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Harvard Univ.) | 6.250% | 4/1/20 | 1,685 | 2,219 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Harvard Univ.) | 5.000% | 12/15/21 | 2,000 | 2,438 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) | 5.000% | 10/1/20 | 3,740 | 4,257 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) | 5.000% | 10/1/25 | 1,460 | 1,570 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) | 5.000% | 10/1/26 | 2,000 | 2,139 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) | 5.000% | 10/1/28 | 1,155 | 1,218 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) PUT | 4.100% | 4/19/12 | 8,000 | 8,315 |
Massachusetts Health & Educ. Fac. Auth. Rev. (South Coast Health System) VRDO | 0.260% | 11/5/10 LOC | 1,600 | 1,600 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Suffolk Univ.) | 6.250% | 7/1/30 | 5,000 | 5,520 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Univ. of Massachusetts Memorial Health Care Inc.) | 5.250% | 7/1/25 | 6,815 | 6,976 |
Massachusetts Muni. Wholesale Electric Co. Power System Rev. | 5.250% | 7/1/12 (14) | 22,865 | 24,068 |
Massachusetts Muni. Wholesale Electric Co. Power System Rev. | 5.250% | 7/1/13 (14) | 20,000 | 20,927 |
Massachusetts School Building Auth. Dedicated Sales Tax Rev. | 5.000% | 8/15/13 (4) | 5,000 | 5,587 |
Massachusetts School Building Auth. Dedicated Sales Tax Rev. | 5.000% | 8/15/15 (4) | 10,000 | 11,670 |
Massachusetts School Building Auth. Dedicated Sales Tax Rev. | 5.000% | 8/15/21 (4) | 41,095 | 45,784 |
Massachusetts School Building Auth. Dedicated Sales Tax Rev. | 5.000% | 8/15/23 (4) | 6,800 | 7,540 |
Massachusetts School Building Auth. Dedicated Sales Tax Rev. | 5.000% | 8/15/27 (14) | 7,830 | 8,393 |
Massachusetts School Building Auth. Dedicated Sales Tax Rev. | 5.000% | 8/15/30 (4) | 18,115 | 19,170 |
1 Massachusetts School Building Auth. Dedicated Sales Tax Rev. TOB VRDO | 0.280% | 11/5/10 (4) | 8,175 | 8,175 |
Massachusetts Special Obligation Dedicated Tax Rev. | 5.250% | 1/1/14 (Prere.) | 8,685 | 9,829 |
Massachusetts Special Obligation Dedicated Tax Rev. | 5.250% | 1/1/19 (14) | 5,000 | 5,885 |
Massachusetts Special Obligation Dedicated Tax Rev. | 5.250% | 1/1/21 (14) | 6,875 | 7,922 |
Massachusetts Special Obligation Dedicated Tax Rev. | 5.500% | 1/1/26 (14) | 29,860 | 34,037 |
Massachusetts Special Obligation Dedicated Tax Rev. | 5.500% | 1/1/28 (14) | 11,075 | 12,589 |
Massachusetts Water Pollution Abatement Trust | 5.250% | 8/1/11 (ETM) | 6,475 | 6,719 |
Massachusetts Water Pollution Abatement Trust | 5.250% | 8/1/11 | 830 | 833 |
Massachusetts Water Pollution Abatement Trust | 5.250% | 8/1/12 | 295 | 296 |
Massachusetts Water Pollution Abatement Trust | 5.125% | 8/1/14 | 140 | 141 |
Massachusetts Water Pollution Abatement Trust | 5.250% | 8/1/20 | 13,360 | 16,441 |
Massachusetts Water Pollution Abatement Trust | 5.250% | 2/1/21 | 6,955 | 8,517 |
Massachusetts Water Pollution Abatement Trust | 5.250% | 8/1/21 | 6,500 | 8,000 |
Massachusetts Water Pollution Abatement Trust | 5.250% | 8/1/21 | 10,000 | 12,308 |
63
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Massachusetts Water Resources Auth. Rev. | 6.500% | 7/15/19 (ETM) | 37,515 | 46,095 |
Massachusetts Water Resources Auth. Rev. | 5.000% | 8/1/19 | 21,580 | 25,888 |
Massachusetts Water Resources Auth. Rev. | 5.500% | 8/1/22 (4) | 4,100 | 5,023 |
1 Massachusetts Water Resources Auth. Rev. TOB VRDO | 0.380% | 11/5/10 (4)LOC | 20,455 | 20,455 |
1 Massachusetts Water Resources Auth. Rev. TOB VRDO | 0.380% | 11/5/10 (4)LOC | 16,765 | 16,765 |
1 Massachusetts Water Resources Auth. Rev. TOB VRDO | 0.380% | 11/5/10 (4)LOC | 38,800 | 38,800 |
1 Massachusetts Water Resources Auth. Rev. TOB VRDO | 0.460% | 11/5/10 (4)LOC | 25,105 | 25,105 |
Massachusetts Water Resources Auth. Rev. VRDO | 0.290% | 11/5/10 | 7,005 | 7,005 |
Univ. of Massachusetts Building Auth. Rev. | 5.000% | 11/1/19 (2) | 25,625 | 28,169 |
2 Univ. of Massachusetts Building Auth. Rev. | 5.000% | 11/1/19 | 12,155 | 14,487 |
| | | | 1,223,411 |
Michigan (2.4%) | | | | |
Detroit MI GO | 5.000% | 4/1/14 (12) | 9,780 | 10,158 |
Detroit MI GO | 5.000% | 4/1/15 (12) | 7,970 | 8,352 |
Detroit MI GO | 5.000% | 4/1/16 (12) | 3,440 | 3,656 |
Detroit MI GO | 5.000% | 4/1/17 (12) | 3,580 | 3,801 |
Detroit MI Sewer System Rev. | 5.000% | 7/1/13 (Prere.) | 15,665 | 17,463 |
Detroit MI Sewer System Rev. | 5.125% | 7/1/15 (Prere.) | 12,000 | 14,158 |
Detroit MI Sewer System Rev. | 0.000% | 7/1/16 (14) | 7,500 | 6,143 |
Detroit MI Sewer System Rev. | 5.250% | 7/1/22 (14) | 5,735 | 6,024 |
Detroit MI Sewer System Rev. | 7.000% | 7/1/27 (4) | 10,300 | 12,286 |
Detroit MI Water Supply System | 5.000% | 7/1/19 (14) | 5,000 | 5,285 |
Detroit MI Water Supply System | 5.000% | 7/1/20 (14) | 7,665 | 8,046 |
Detroit MI Water Supply System | 5.000% | 7/1/20 (4) | 8,535 | 8,982 |
Detroit MI Water Supply System | 5.000% | 7/1/22 (14) | 4,000 | 4,150 |
Detroit MI Water Supply System | 5.000% | 7/1/23 (14) | 4,000 | 4,141 |
Detroit MI Water Supply System | 5.000% | 7/1/24 (4) | 26,825 | 27,732 |
Detroit MI Water Supply System | 5.000% | 7/1/25 (4) | 4,000 | 4,117 |
Eastern Michigan Univ. Rev. VRDO | 0.310% | 11/1/10 LOC | 11,000 | 11,000 |
2 Jackson County MI Hosp. Finance Auth. Rev. (Allegiance Health) | 5.000% | 6/1/17 | 2,420 | 2,625 |
Kalamazoo MI Hosp. Financing Auth. Rev. (Bronson Methodist Hosp.) | 5.000% | 5/15/30 | 18,370 | 18,279 |
Kent Hosp. MI Finance Auth. Rev. (Metro. Hosp.) PUT | 5.500% | 1/15/15 | 11,500 | 13,195 |
Kent Hosp. MI Finance Auth. Rev. PUT | 5.250% | 1/15/14 | 10,000 | 11,152 |
Michigan Building Auth. Rev. | 5.500% | 10/15/11 (Prere.) | 8,440 | 8,858 |
Michigan Building Auth. Rev. | 5.500% | 10/15/11 (Prere.) | 6,010 | 6,308 |
Michigan Building Auth. Rev. | 5.500% | 10/15/11 (Prere.) | 380 | 399 |
Michigan Building Auth. Rev. | 5.500% | 10/15/11 (Prere.) | 340 | 357 |
Michigan Building Auth. Rev. | 5.500% | 10/15/11 (Prere.) | 565 | 593 |
Michigan Building Auth. Rev. | 5.500% | 10/15/11 (Prere.) | 285 | 299 |
Michigan Building Auth. Rev. | 5.500% | 10/15/12 | 6,315 | 6,592 |
Michigan Building Auth. Rev. | 5.250% | 10/15/13 (4) | 12,000 | 13,081 |
Michigan Building Auth. Rev. | 5.500% | 10/15/13 | 5,660 | 5,888 |
Michigan Building Auth. Rev. | 5.250% | 10/15/14 (4) | 15,000 | 16,671 |
Michigan Building Auth. Rev. | 5.500% | 10/15/14 | 9,435 | 9,814 |
Michigan Building Auth. Rev. | 5.250% | 10/15/15 (4) | 22,445 | 24,726 |
Michigan Building Auth. Rev. | 5.500% | 10/15/15 | 4,715 | 4,905 |
Michigan Building Auth. Rev. | 5.250% | 10/15/16 (4) | 9,000 | 9,882 |
Michigan Building Auth. Rev. | 5.000% | 10/15/18 | 12,575 | 14,459 |
Michigan Building Auth. Rev. | 5.000% | 10/15/19 | 8,315 | 9,529 |
Michigan GO | 5.500% | 12/1/13 | 6,125 | 6,939 |
Michigan GO | 5.000% | 5/1/17 | 33,880 | 39,004 |
Michigan GO | 5.000% | 5/1/18 | 12,985 | 14,967 |
Michigan GO | 5.250% | 9/15/25 (4) | 10,810 | 11,689 |
Michigan GO | 5.250% | 9/15/26 (4) | 12,805 | 13,759 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) | 5.000% | 11/15/18 | 4,000 | 4,565 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) | 5.000% | 11/15/19 | 5,000 | 5,693 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) PUT | 3.750% | 3/15/12 | 15,000 | 15,610 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) PUT | 5.000% | 5/1/12 | 9,595 | 10,178 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) PUT | 5.000% | 11/1/12 | 2,500 | 2,698 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) PUT | 2.625% | 6/30/14 | 30,000 | 30,876 |
Michigan Hosp. Finance Auth. Rev. (Genesys Regional Medical Center) | 5.300% | 10/1/11 (ETM) | 3,800 | 3,861 |
Michigan Hosp. Finance Auth. Rev. (Genesys Regional Medical Center) | 5.375% | 10/1/13 (ETM) | 4,000 | 4,195 |
Michigan Hosp. Finance Auth. Rev. (Henry Ford Health System) | 5.250% | 11/15/24 | 5,000 | 5,167 |
Michigan Hosp. Finance Auth. Rev. (Henry Ford Health System) | 5.625% | 11/15/29 | 15,775 | 16,450 |
Michigan Hosp. Finance Auth. Rev. (MidMichigan Obligated Group) | 5.125% | 6/1/19 | 2,500 | 2,718 |
Michigan Hosp. Finance Auth. Rev. (MidMichigan Obligated Group) | 5.625% | 6/1/24 | 5,000 | 5,378 |
Michigan Hosp. Finance Auth. Rev. (MidMichigan Obligated Group) | 6.000% | 6/1/29 | 4,000 | 4,337 |
Michigan Hosp. Finance Auth. Rev. (Sparrow Obligated Group) | 5.000% | 11/15/26 (14) | 13,015 | 13,168 |
Michigan Hosp. Finance Auth. Rev. (Trinity Health) | 5.000% | 12/1/27 | 8,000 | 8,488 |
Michigan Muni. Bond Auth. RAN | 5.000% | 3/21/11 | 28,000 | 28,281 |
Michigan Muni. Bond Auth. Rev. (Clean Water Revolving Fund) | 5.000% | 10/1/21 | 3,500 | 4,082 |
64
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Michigan Muni. Bond Auth. Rev. (Clean Water Revolving Fund) | 5.000% | 10/1/22 | 4,000 | 4,642 |
Monroe County MI Econ. Dev. Corp. (Detroit Edison) | 6.950% | 9/1/22 (14) | 27,000 | 33,525 |
Royal Oak Hosp. Finance Auth. MI (Beaumont Hosp.) | 5.500% | 8/1/19 | 20,000 | 21,716 |
Royal Oak Hosp. Finance Auth. MI (Beaumont Hosp.) | 6.375% | 8/1/29 | 25,000 | 26,970 |
Royal Oak Hosp. Finance Auth. MI (Beaumont Hosp.) | 8.000% | 9/1/29 | 13,900 | 16,726 |
Saginaw MI Hosp. Fin. Auth. Hosp. Rev. (Covenant Medical Center Inc.) | 5.000% | 7/1/18 | 2,195 | 2,339 |
Saginaw MI Hosp. Fin. Auth. Hosp. Rev. (Covenant Medical Center Inc.) | 5.000% | 7/1/19 | 2,300 | 2,419 |
Saginaw MI Hosp. Fin. Auth. Hosp. Rev. (Covenant Medical Center Inc.) | 5.000% | 7/1/30 | 10,000 | 9,839 |
Univ. of Michigan Univ. Rev. | 5.000% | 4/1/21 | 11,210 | 13,235 |
Univ. of Michigan Univ. Rev. VRDO | 0.260% | 11/5/10 | 15,300 | 15,300 |
Wayne County Michigan Airport Auth. Rev. (Detroit Metropolitan Wayne County Airport) VRDO | 0.280% | 11/5/10 LOC | 13,700 | 13,700 |
| | | | 745,620 |
Minnesota (1.6%) | | | | |
Minneapolis & St. Paul MN Housing & Redev. Auth. Health Care System (Allina Health Care) | 5.000% | 11/15/17 | 1,785 | 2,026 |
Minneapolis & St. Paul MN Housing & Redev. Auth. Health Care System (Allina Health Care) | 5.000% | 11/15/18 | 2,190 | 2,446 |
Minneapolis & St. Paul MN Housing & Redev. Auth. Health Care System (Allina Health Care) | 5.000% | 11/15/20 | 1,585 | 1,732 |
Minneapolis & St. Paul MN Housing & Redev. Auth. Health Care System (Allina Health Care) | 5.000% | 11/15/20 | 1,805 | 1,977 |
Minneapolis & St. Paul MN Housing & Redev. Auth. Health Care System (Allina Health Care) | 5.000% | 11/15/21 | 2,205 | 2,383 |
Minneapolis & St. Paul MN Housing & Redev. Auth. Health Care System (Allina Health Care) | 5.000% | 11/15/21 | 3,925 | 4,251 |
Minneapolis & St. Paul MN Housing & Redev. Auth. Health Care System (Allina Health Care) | 5.000% | 11/15/22 | 2,425 | 2,602 |
Minneapolis & St. Paul MN Housing & Redev. Auth. Health Care System (Allina Health Care) | 5.250% | 11/15/29 | 7,000 | 7,344 |
Minneapolis & St. Paul MN Housing & Redev. Auth. Health Care System Rev. | | | | |
(Children’s Hosp. Clinics) | 0.310% | 11/1/10 (4) | 7,400 | 7,400 |
Minneapolis MN Health Care System (Fairview Health Services) | 6.000% | 11/15/18 | 15,000 | 17,258 |
Minneapolis MN Health Care System (Fairview Health Services) | 6.625% | 11/15/28 | 15,500 | 17,691 |
Minnesota CTFS Partner Technology Lease Purchase | 5.000% | 6/1/17 | 9,690 | 11,233 |
Minnesota CTFS Partner Technology Lease Purchase | 5.000% | 6/1/18 | 8,925 | 10,198 |
Minnesota CTFS Partner Technology Lease Purchase | 5.000% | 6/1/19 | 10,680 | 12,042 |
Minnesota GO | 5.000% | 10/1/11 | 26,795 | 27,951 |
Minnesota GO | 5.000% | 11/1/11 | 24,545 | 25,698 |
Minnesota GO | 5.000% | 6/1/12 | 21,700 | 23,265 |
Minnesota GO | 5.000% | 11/1/12 (ETM) | 8,235 | 8,976 |
Minnesota GO | 5.000% | 11/1/12 | 13,685 | 14,919 |
Minnesota GO | 5.000% | 11/1/12 | 19,775 | 21,558 |
Minnesota GO | 5.000% | 8/1/13 (ETM) | 5,780 | 6,441 |
Minnesota GO | 5.000% | 10/1/13 | 5,445 | 6,124 |
Minnesota GO | 5.000% | 11/1/13 (ETM) | 10,655 | 12,011 |
Minnesota GO | 5.000% | 11/1/13 | 17,615 | 19,871 |
Minnesota GO | 5.000% | 11/1/13 | 19,500 | 21,998 |
Minnesota GO | 5.000% | 12/1/13 | 10,610 | 12,004 |
Minnesota GO | 5.000% | 11/1/14 | 19,275 | 22,319 |
Minnesota GO | 4.000% | 12/1/14 | 3,730 | 4,162 |
Minnesota GO | 5.000% | 12/1/14 | 8,150 | 9,458 |
Minnesota GO | 5.000% | 11/1/15 | 19,775 | 23,344 |
Minnesota GO | 5.000% | 12/1/15 | 8,150 | 9,635 |
Minnesota GO | 5.000% | 8/1/19 | 4,140 | 5,010 |
Minnesota GO | 5.000% | 8/1/19 | 19,590 | 23,707 |
Southern Minnesota Muni. Power Agency Power Supply System Rev. | 5.250% | 1/1/30 | 2,000 | 2,148 |
St. Cloud MN Health Care Rev. (Centracare Health System) | 5.125% | 5/1/30 | 7,000 | 7,297 |
St. Louis Park MN Health Care Fac. Rev. (Park Nicollet Health Services) | 5.500% | 7/1/15 | 5,675 | 6,318 |
St. Louis Park MN Health Care Fac. Rev. (Park Nicollet Health Services) | 5.500% | 7/1/16 | 11,775 | 13,092 |
St. Louis Park MN Health Care Fac. Rev. (Park Nicollet Health Services) | 5.500% | 7/1/23 | 21,700 | 23,072 |
St. Louis Park MN Health Care Fac. Rev. (Park Nicollet Health Services) | 5.625% | 7/1/26 | 6,000 | 6,281 |
Univ. of Minnesota Rev. | 5.000% | 8/1/19 | 1,150 | 1,371 |
Univ. of Minnesota Rev. | 5.000% | 8/1/21 | 1,885 | 2,213 |
Univ. of Minnesota Rev. | 5.000% | 4/1/22 | 500 | 573 |
Univ. of Minnesota Rev. | 5.000% | 8/1/22 | 1,585 | 1,838 |
Univ. of Minnesota Rev. | 5.000% | 8/1/23 | 2,500 | 2,876 |
Univ. of Minnesota Rev. | 5.000% | 8/1/24 | 4,515 | 5,168 |
Univ. of Minnesota Rev. | 5.000% | 8/1/29 | 5,615 | 6,247 |
Univ. of Minnesota Rev. | 5.000% | 8/1/30 | 2,500 | 2,758 |
Univ. of Minnesota Rev. VRDO | 0.290% | 11/5/10 | 5,800 | 5,800 |
| | | | 486,086 |
Mississippi (0.2%) | | | | |
Mississippi Business Finance Corp. Rev. (Promenade D’Iberville Project) VRDO | 0.270% | 11/5/10 LOC | 11,935 | 11,935 |
Mississippi GO | 5.750% | 12/1/11 | 6,000 | 6,350 |
Mississippi GO | 5.500% | 9/1/12 (4) | 5,000 | 5,452 |
Mississippi GO | 5.500% | 12/1/16 | 3,435 | 4,182 |
Mississippi GO | 5.500% | 12/1/19 | 2,000 | 2,471 |
Mississippi GO | 5.000% | 12/1/20 | 10,000 | 11,389 |
Mississippi GO | 5.000% | 12/1/21 | 16,890 | 19,026 |
65
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Mississippi Hosp. Equipment & Fac. Auth. Rev. (North Mississippi Health Services) | 5.000% | 10/1/17 | 2,500 | 2,849 |
Warren County MS Gulf Opportunity Zone Rev. (International Paper Co. Project) | 5.800% | 5/1/34 | 2,500 | 2,625 |
| | | | 66,279 |
Missouri (0.8%) | | | | |
Cape Girardeau County MO IDA Health Care Fac. Rev. | 5.625% | 6/1/12 (Prere.) | 5,655 | 6,095 |
Kansas City MO Airport Rev. | 5.000% | 9/1/13 | 11,550 | 12,812 |
Kansas City MO Airport Rev. | 5.000% | 9/1/14 | 10,000 | 11,325 |
Kansas City MO IDA Rev. (Downtown Redevelopment) VRDO | 0.280% | 11/5/10 LOC | 24,300 | 24,300 |
Kansas City MO Special Obligation | 0.000% | 2/1/18 | 3,000 | 2,243 |
Kansas City MO Special Obligation | 0.000% | 2/1/19 | 7,615 | 5,356 |
Missouri Board Public Building Special Obligation Rev. | 5.000% | 10/15/27 | 13,275 | 13,943 |
Missouri Dev. Finance Board Infrastructure Fac. Branson Landing Rev. | 4.750% | 6/1/25 | 3,230 | 3,206 |
Missouri Environmental Improvement & Energy Resource Auth. Water PCR | 5.500% | 7/1/12 | 4,190 | 4,535 |
Missouri Environmental Improvement & Energy Resource Auth. Water PCR | 5.500% | 7/1/13 | 5,250 | 5,908 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (SSM Health System) | 5.000% | 6/1/19 | 2,420 | 2,722 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (SSM Health System) | 5.000% | 6/1/21 | 4,000 | 4,413 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (SSM Health System) | 5.000% | 6/1/22 | 5,270 | 5,774 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (St. Luke’s Episcopal - Presbyterian Hosp.) | 5.500% | 12/1/12 (4) | 3,365 | 3,480 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (St. Luke’s Episcopal - Presbyterian Hosp.) | 5.500% | 12/1/13 (4) | 3,580 | 3,697 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (St. Luke’s Episcopal - Presbyterian Hosp.) | 5.500% | 12/1/14 (4) | 3,260 | 3,361 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (St. Luke’s Health System) | 5.000% | 11/15/20 | 3,975 | 4,311 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (St. Luke’s Health System) | 5.250% | 11/15/25 | 8,000 | 8,509 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (St. Luke’s Health System) | 5.000% | 11/15/30 | 5,000 | 5,115 |
Missouri Health & Educ. Fac. Auth. Rev. (Children’s Mercy Hosp.) | 5.250% | 5/15/29 | 19,230 | 19,722 |
Missouri Highways & Transp. Comm. Road Rev. | 5.625% | 2/1/11 (Prere.) | 3,000 | 3,041 |
Missouri Highways & Transp. Comm. Road Rev. | 5.625% | 2/1/11 (Prere.) | 3,430 | 3,477 |
Missouri Highways & Transp. Comm. Road Rev. | 5.625% | 2/1/11 (Prere.) | 2,000 | 2,027 |
Missouri Highways & Transp. Comm. Road Rev. | 5.250% | 2/1/12 (Prere.) | 11,410 | 12,106 |
Missouri Highways & Transp. Comm. Road Rev. | 5.000% | 5/1/19 | 1,825 | 2,190 |
Missouri Highways & Transp. Comm. Road Rev. | 5.000% | 5/1/20 | 5,330 | 6,305 |
Missouri Highways & Transp. Comm. Road Rev. | 5.000% | 5/1/21 | 3,110 | 3,672 |
Missouri Joint. Muni. Electric Util. Comm. Power Project Rev. (Prairie Project) | 5.000% | 1/1/24 (2) | 12,225 | 12,765 |
Missouri Joint. Muni. Electric Util. Comm. Power Project Rev. (Prairie Project) | 5.000% | 1/1/26 (2) | 15,730 | 16,286 |
St. Louis MO Airport Rev. Airport Dev. Program | 5.625% | 7/1/11 (Prere.) | 11,560 | 11,976 |
St. Louis MO Airport Rev. Airport Dev. Program | 5.625% | 7/1/11 (Prere.) | 10,260 | 10,630 |
St. Louis MO Airport Rev. Lambert-St. Louis International Airport | 6.125% | 7/1/24 | 6,000 | 6,571 |
| | | | 241,873 |
Nebraska (0.1%) | | | | |
Lancaster County NE School Dist. No. 1 (Lincoln Public Schools) | 4.500% | 1/15/26 | 3,140 | 3,386 |
Lancaster County NE School Dist. No. 1 (Lincoln Public Schools) | 4.500% | 1/15/27 | 3,300 | 3,539 |
Lancaster County NE School Dist. No. 1 (Lincoln Public Schools) | 4.750% | 1/15/29 | 3,530 | 3,842 |
Nebraska Public Power Dist. Rev. | 5.000% | 1/1/24 | 8,000 | 8,707 |
| | | | 19,474 |
Nevada (1.3%) | | | | |
Clark County NV Airport Improvement Rev. | 5.000% | 7/1/30 | 15,000 | 15,489 |
Clark County NV Airport Rev. | 5.000% | 7/1/21 | 2,000 | 2,229 |
Clark County NV Passenger Fac. Rev. (Las Vegas McCarran International Airport) | 5.000% | 7/1/15 | 6,525 | 7,375 |
Clark County NV Passenger Fac. Rev. (Las Vegas McCarran International Airport) | 5.000% | 7/1/16 | 5,575 | 6,330 |
Clark County NV Passenger Fac. Rev. (Las Vegas McCarran International Airport) | 5.000% | 7/1/30 | 15,000 | 15,581 |
Clark County NV School Dist. GO | 5.375% | 6/15/12 (14)(Prere.) | 28,385 | 30,667 |
Clark County NV School Dist. GO | 5.375% | 6/15/12 (14)(Prere.) | 29,765 | 32,158 |
Clark County NV School Dist. GO | 5.000% | 6/15/14 | 6,320 | 7,116 |
Clark County NV School Dist. GO | 5.000% | 6/15/18 | 11,500 | 13,242 |
Clark County NV School Dist. GO | 5.000% | 6/15/19 | 13,750 | 15,594 |
Clark County NV School Dist. GO | 5.000% | 6/15/20 | 14,335 | 16,030 |
Clark County NV School Dist. GO | 5.000% | 6/15/21 | 14,980 | 16,538 |
Clark County NV School Dist. GO | 5.000% | 6/15/21 (14) | 12,900 | 14,468 |
Clark County NV School Dist. GO | 5.000% | 6/15/22 | 14,655 | 16,034 |
Clark County NV School Dist. GO | 5.000% | 6/15/23 | 16,360 | 17,769 |
Clark County NV School Dist. GO | 5.000% | 6/15/24 (4) | 12,905 | 14,170 |
Clark County NV School Dist. GO | 5.000% | 6/15/25 | 12,445 | 13,425 |
Clark County NV School Dist. GO | 5.000% | 6/15/26 | 29,900 | 32,071 |
Clark County NV Water Reclamation Dist. GO | 5.375% | 7/1/27 | 2,985 | 3,310 |
Henderson NV Health Care Fac. Rev. (Catholic Healthcare West) | 5.625% | 7/1/24 | 5,000 | 5,226 |
Las Vegas NV Convention & Visitors Auth. | 6.000% | 7/1/11 (2) | 10,000 | 10,038 |
Las Vegas Valley Water Dist. Nevada GO | 5.000% | 6/1/13 (14) | 11,165 | 12,291 |
Las Vegas Valley Water Dist. Nevada GO | 5.000% | 6/1/21 (3) | 16,075 | 17,101 |
Las Vegas Valley Water Dist. Nevada GO | 5.000% | 6/1/26 (14) | 15,280 | 15,971 |
Las Vegas Valley Water Dist. Nevada GO Water Improvement & Refunding VRDO | 0.320% | 11/1/10 | 26,710 | 26,710 |
Las Vegas Valley Water Dist. Nevada GO Water Improvement & Refunding VRDO | 0.320% | 11/1/10 | 15,100 | 15,100 |
Nevada GO | 5.000% | 12/1/14 (4) | 8,435 | 9,685 |
66
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Reno NV Hosp. Rev. (Washoe Med. Center) | 5.500% | 6/1/28 (2) | 1,750 | 1,807 |
Truckee Meadows NV Water Auth. Rev. | 5.500% | 7/1/11 (4)(Prere.) | 4,790 | 4,958 |
Truckee Meadows NV Water Auth. Rev. | 5.500% | 7/1/12 (4) | 5,335 | 5,499 |
| | | | 413,982 |
New Hampshire (0.1%) | | | | |
New Hampshire GO | 5.000% | 2/15/18 | 1,010 | 1,207 |
New Hampshire GO | 5.000% | 2/15/19 | 1,010 | 1,208 |
New Hampshire GO | 5.000% | 8/15/19 | 2,000 | 2,402 |
New Hampshire Health & Educ. Fac. Auth. Rev. | 5.500% | 7/1/20 | 10,000 | 11,779 |
| | | | 16,596 |
New Jersey (6.3%) | | | | |
Essex County NJ Improvement Auth. Rev. | 5.500% | 10/1/23 (14) | 10,000 | 11,926 |
Essex County NJ Improvement Auth. Rev. | 5.250% | 12/15/23 (2) | 3,635 | 4,196 |
Essex County NJ Improvement Auth. Rev. | 5.250% | 12/15/24 (2) | 3,720 | 4,310 |
New Jersey Building Auth. Rev. | 5.000% | 12/15/18 | 5,610 | 6,491 |
New Jersey Casino Reinvestment Dev. Auth. Rev. (Hotel Room Fee) | 5.250% | 1/1/23 (2) | 3,900 | 3,982 |
New Jersey Casino Reinvestment Dev. Auth. Rev. (Hotel Room Fee) | 5.250% | 1/1/24 (2) | 3,500 | 3,546 |
New Jersey COP | 5.000% | 6/15/17 | 4,840 | 5,464 |
New Jersey COP | 5.000% | 6/15/18 | 12,915 | 14,549 |
New Jersey COP | 5.250% | 6/15/28 | 4,675 | 4,996 |
New Jersey COP | 5.250% | 6/15/29 | 1,000 | 1,062 |
New Jersey CTFS Partner Equipment Lease Purchase | 5.250% | 6/15/20 | 6,180 | 6,996 |
New Jersey CTFS Partner Equipment Lease Purchase | 5.250% | 6/15/21 | 5,820 | 6,491 |
New Jersey CTFS Partner Equipment Lease Purchase | 5.375% | 6/15/29 | 11,000 | 11,779 |
New Jersey Econ. Dev. Auth. Rev. (Cigarette Tax) | 5.625% | 6/15/18 | 12,755 | 12,764 |
New Jersey Econ. Dev. Auth. Rev. (Cigarette Tax) | 5.625% | 6/15/19 | 14,000 | 14,008 |
New Jersey Econ. Dev. Auth. Rev. (Cigarette Tax) | 5.500% | 6/15/24 | 12,000 | 12,012 |
New Jersey Econ. Dev. Auth. Rev. (Montclair Univ. Student Housing) | 5.000% | 6/1/18 | 2,000 | 2,127 |
New Jersey Econ. Dev. Auth. Rev. (Montclair Univ. Student Housing) | 5.250% | 6/1/19 | 2,000 | 2,147 |
New Jersey Econ. Dev. Auth. Rev. (Montclair Univ. Student Housing) | 5.250% | 6/1/20 | 2,000 | 2,133 |
New Jersey Econ. Dev. Auth. Rev. (Montclair Univ. Student Housing) | 5.375% | 6/1/25 | 5,000 | 5,180 |
New Jersey Econ. Dev. Auth. Rev. (School Fac. Construction) | 5.000% | 12/15/16 | 38,385 | 44,248 |
New Jersey Econ. Dev. Auth. Rev. (School Fac. Construction) | 5.000% | 12/15/17 | 38,000 | 43,812 |
New Jersey Econ. Dev. Auth. Rev. (School Fac. Construction) | 5.000% | 12/15/18 | 63,000 | 72,645 |
New Jersey Econ. Dev. Auth. Rev. (School Fac. Construction) | 5.000% | 12/15/19 | 38,410 | 44,126 |
New Jersey Econ. Dev. Auth. Rev. (School Fac. Construction) | 5.250% | 12/15/21 (4) | 5,000 | 5,822 |
New Jersey Econ. Dev. Auth. Rev. (School Fac. Construction) | 5.250% | 9/1/29 | 10,500 | 11,567 |
New Jersey Econ. Dev. Auth. Rev. (School Fac. Construction) | 5.500% | 12/15/29 | 5,000 | 5,589 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.000% | 9/1/13 | 12,315 | 13,643 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.000% | 9/1/13 (2)(Prere.) | 12,475 | 13,995 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.000% | 9/1/13 (2)(Prere.) | 4,800 | 5,385 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.000% | 12/15/13 | 4,000 | 4,470 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.000% | 9/1/14 | 10,400 | 11,715 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.000% | 12/15/14 | 4,000 | 4,537 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.250% | 12/15/15 (14)(3) | 9,100 | 10,428 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.500% | 9/1/19 (3) | 4,285 | 5,026 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.250% | 12/15/21 (3) | 7,975 | 9,167 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.500% | 9/1/23 (14) | 81,630 | 95,016 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.500% | 9/1/24 (2) | 15,000 | 17,390 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.500% | 9/1/25 (4) | 18,130 | 21,084 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) PUT | 5.000% | 9/1/14 (4) | 40,455 | 45,165 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) VRDO | 0.220% | 11/5/10 LOC | 33,945 | 33,945 |
New Jersey Econ. Dev. Auth. Rev. (Transp. Project) | 5.000% | 5/1/13 | 7,215 | 7,910 |
New Jersey Educ. Fac. Auth. Rev. | 7.125% | 12/1/23 | 6,000 | 7,094 |
New Jersey Educ. Fac. Auth. Rev. | 5.250% | 9/1/29 | 23,420 | 25,076 |
New Jersey GO | 5.500% | 8/1/11 | 3,500 | 3,633 |
New Jersey GO | 5.250% | 7/1/14 (4) | 25,000 | 28,578 |
New Jersey GO | 5.250% | 7/15/15 (2) | 8,500 | 9,933 |
New Jersey GO | 5.250% | 7/1/16 (14) | 1,500 | 1,772 |
New Jersey GO | 5.250% | 7/15/19 (2) | 5,000 | 5,986 |
New Jersey GO | 5.000% | 8/15/20 | 30,000 | 35,275 |
New Jersey Health Care Fac. Financing Auth. Rev. | 5.500% | 10/1/23 | 12,860 | 13,868 |
New Jersey Health Care Fac. Financing Auth. Rev. (AHS Hosp.) | 5.000% | 7/1/16 | 8,420 | 9,232 |
New Jersey Health Care Fac. Financing Auth. Rev. (AHS Hosp.) | 5.000% | 7/1/17 | 8,875 | 9,710 |
New Jersey Health Care Fac. Financing Auth. Rev. (AHS Hosp.) | 5.000% | 7/1/18 | 5,000 | 5,448 |
New Jersey Health Care Fac. Financing Auth. Rev. (Hackensack Univ. Medical Center) | 5.000% | 1/1/20 | 2,120 | 2,258 |
New Jersey Health Care Fac. Financing Auth. Rev. (Hackensack Univ. Medical Center) | 5.000% | 1/1/22 | 1,500 | 1,556 |
New Jersey Health Care Fac. Financing Auth. Rev. (Holy Name Hosp.) | 5.000% | 7/1/18 | 1,925 | 2,074 |
New Jersey Health Care Fac. Financing Auth. Rev. (Meridian-III) VRDO | 0.400% | 11/5/10 (4) | 13,155 | 13,155 |
New Jersey Health Care Fac. Financing Auth. Rev. (St. Barnabas Health Care System) | 5.250% | 7/1/11 (14) | 8,230 | 8,234 |
New Jersey Health Care Fac. Financing Auth. Rev. (St. Barnabas Health Care System) | 5.250% | 7/1/12 (14) | 1,845 | 1,846 |
67
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
New Jersey Health Care Fac. Financing Auth. Rev. (St. Barnabas Health Care System) | 5.250% | 7/1/14 (14) | 1,885 | 1,885 |
New Jersey Health Care Fac. Financing Auth. Rev. (Virtua Health) | 5.750% | 7/1/33 | 20,000 | 21,392 |
New Jersey Higher Educ. Assistance Auth. Student Loan Rev. | 4.500% | 12/1/20 | 6,500 | 6,764 |
New Jersey Sports & Exposition Auth. Rev. | 5.000% | 9/1/17 | 10,000 | 11,542 |
New Jersey Sports & Exposition Auth. Rev. | 4.500% | 9/1/24 | 2,055 | 2,157 |
New Jersey Transp. Corp. COP | 5.500% | 9/15/13 (2) | 1,410 | 1,546 |
New Jersey Transp. Corp. COP | 5.250% | 9/15/15 (2) | 10,000 | 11,208 |
New Jersey Transp. Corp. COP | 5.250% | 9/15/15 (4) | 3,800 | 4,374 |
New Jersey Transp. Corp. COP | 5.500% | 9/15/15 (4) | 7,270 | 8,441 |
New Jersey Transp. Corp. COP | 5.500% | 9/15/15 (2) | 5,000 | 5,661 |
New Jersey Transp. Corp. COP | 5.000% | 9/15/19 (4) | 6,500 | 6,906 |
New Jersey Transp. Trust Fund Auth. Rev. | 6.500% | 6/15/11 (14) | 12,490 | 12,956 |
New Jersey Transp. Trust Fund Auth. Rev. | 7.000% | 6/15/12 (ETM) | 7,510 | 8,301 |
New Jersey Transp. Trust Fund Auth. Rev. | 7.000% | 6/15/12 (14) | 12,490 | 13,711 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.250% | 6/15/14 (3)(Prere.) | 11,900 | 13,751 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.750% | 6/15/17 | 1,250 | 1,489 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.000% | 12/15/17 | 15,000 | 17,326 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.000% | 12/15/18 | 15,000 | 17,226 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.250% | 12/15/19 | 10,000 | 11,634 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.250% | 12/15/19 | 1,040 | 1,210 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.250% | 12/15/19 (14) | 32,000 | 37,227 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.750% | 6/15/20 | 7,000 | 8,213 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.250% | 12/15/20 | 27,915 | 32,137 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.250% | 12/15/20 (4) | 9,000 | 10,503 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.500% | 12/15/20 (14) | 79,200 | 92,709 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.250% | 12/15/21 | 11,000 | 12,482 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.500% | 12/15/21 (12) | 3,745 | 4,405 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.500% | 12/15/21 | 25,000 | 29,405 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.500% | 12/15/21 | 9,620 | 11,124 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.250% | 12/15/22 | 2,500 | 2,824 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.250% | 12/15/22 (2) | 45,900 | 51,855 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.500% | 12/15/22 | 22,000 | 25,358 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.750% | 6/15/24 (14) | 25,000 | 29,244 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.000% | 12/15/24 | 20,000 | 21,960 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/25 (2) | 15,000 | 7,044 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/25 | 74,680 | 34,964 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/25 | 1,000 | 468 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/26 | 24,000 | 10,520 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/27 | 98,285 | 40,390 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/28 | 25,000 | 9,549 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/28 | 44,000 | 16,807 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/29 | 47,325 | 16,889 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/30 | 14,800 | 4,917 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/32 | 15,000 | 4,344 |
1 New Jersey Transp. Trust Fund Auth. Rev. TOB VRDO | 0.380% | 11/5/10 (4)LOC | 27,020 | 27,020 |
New Jersey Transp. Trust Fund Auth. Transp. System Rev. | 5.500% | 12/15/15 (2) | 1,750 | 2,041 |
New Jersey Transp. Trust Fund Auth. Transp. System Rev. | 5.250% | 6/15/20 (3) | 17,680 | 19,509 |
New Jersey Turnpike Auth. Rev. | 6.000% | 1/1/13 (14) | 2,325 | 2,573 |
New Jersey Turnpike Auth. Rev. | 5.000% | 1/1/20 | 14,440 | 16,463 |
New Jersey Turnpike Auth. Rev. | 5.000% | 1/1/21 | 19,705 | 22,087 |
New Jersey Turnpike Auth. Rev. | 5.000% | 1/1/22 | 4,500 | 4,993 |
New Jersey Turnpike Auth. Rev. | 5.500% | 1/1/25 (2) | 13,500 | 15,850 |
Newark NJ GO | 5.000% | 10/1/19 | 3,505 | 3,998 |
Newark NJ GO | 5.000% | 10/1/20 | 2,455 | 2,784 |
Rutgers State Univ. New Jersey | 6.400% | 5/1/13 | 2,555 | 2,738 |
South Jersey Transp. Auth. New Jersey Transp. System Rev. | 5.000% | 11/1/16 | 7,590 | 8,669 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 4.250% | 6/1/12 | 6,385 | 6,519 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 5.000% | 6/1/13 | 14,945 | 15,608 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 5.000% | 6/1/15 | 11,425 | 12,007 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 5.000% | 6/1/16 | 14,585 | 15,219 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 5.000% | 6/1/17 | 15,925 | 16,447 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 5.000% | 6/1/18 | 16,975 | 17,347 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 5.000% | 6/1/19 | 30,595 | 30,816 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 4.500% | 6/1/23 | 58,032 | 54,311 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 6.125% | 6/1/24 (Prere.) | 15,410 | 15,907 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 4.625% | 6/1/26 | 33,410 | 29,322 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 5.750% | 6/1/32 (Prere.) | 33,155 | 35,222 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 5.000% | 6/1/41 | 500 | 359 |
Univ. of Medicine & Dentistry New Jersey Rev. | 5.500% | 12/1/23 (2) | 7,330 | 7,514 |
Univ. of Medicine & Dentistry New Jersey Rev. | 5.500% | 12/1/27 (2) | 10,100 | 10,311 |
| | | | 1,938,024 |
68
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
New Mexico (0.5%) | | | | |
Alamogordo NM Hosp. Rev. (Gerald Champion Regional Medical Center Project) VRDO | 0.350% | 11/5/10 LOC | 9,965 | 9,965 |
Albuquerque NM School Dist. | 5.000% | 8/1/20 | 5,000 | 5,894 |
New Mexico Educ. Assistance Foundation Rev. | 4.000% | 9/1/18 | 16,440 | 17,900 |
New Mexico Educ. Assistance Foundation Rev. | 4.000% | 9/1/19 | 5,890 | 6,357 |
New Mexico Educ. Assistance Foundation Rev. | 5.000% | 12/1/19 | 1,500 | 1,736 |
New Mexico Educ. Assistance Foundation Rev. | 4.000% | 12/1/20 | 1,500 | 1,600 |
New Mexico Finance Auth. Transp. Rev. | 5.000% | 6/15/13 (2) | 12,395 | 13,776 |
New Mexico Finance Auth. Transp. Rev. | 5.250% | 6/15/14 (14)(Prere.) | 30,525 | 35,177 |
New Mexico Finance Auth. Transp. Rev. | 5.250% | 6/15/14 (14)(Prere.) | 18,000 | 20,743 |
New Mexico Finance Auth. Transp. Rev. | 5.000% | 6/15/20 | 6,250 | 7,461 |
New Mexico Finance Auth. Transp. Rev. | 5.000% | 6/15/21 | 15,000 | 17,867 |
New Mexico Finance Auth. Transp. Rev. VRDO | 0.270% | 11/5/10 LOC | 10,000 | 10,000 |
Santa Fe NM Gross Receipts Tax Rev. | 5.000% | 6/1/11 | 2,000 | 2,052 |
Santa Fe NM Gross Receipts Tax Rev. | 4.000% | 6/1/12 | 3,260 | 3,416 |
| | | | 153,944 |
New York (11.6%) | | | | |
Amherst NY Dev. Corp. Student Housing Fac. Rev. | 3.500% | 10/1/19 | 1,185 | 1,199 |
Amherst NY Dev. Corp. Student Housing Fac. Rev. | 4.000% | 10/1/21 | 2,575 | 2,629 |
Amherst NY Dev. Corp. Student Housing Fac. Rev. | 4.000% | 10/1/22 | 2,680 | 2,703 |
Amherst NY Dev. Corp. Student Housing Fac. Rev. | 4.375% | 10/1/30 | 1,100 | 1,096 |
Brooklyn NY Local Dev. Corp. Rev. (Brooklyn Arena) | 6.000% | 7/15/30 | 6,735 | 7,201 |
Erie County NY IDA School Fac. Rev. (Buffalo City School Dist.) GO | 5.000% | 5/1/20 | 8,345 | 9,628 |
Erie County NY IDA School Fac. Rev. (Buffalo City School Dist.) GO | 5.000% | 5/1/21 | 13,850 | 15,738 |
Erie County NY IDA School Fac. Rev. GO | 5.750% | 5/1/23 (4) | 7,000 | 7,641 |
Erie County NY IDA School Fac. Rev. GO | 5.750% | 5/1/24 (4) | 3,750 | 4,082 |
Erie County NY IDA School Fac. Rev. GO | 5.750% | 5/1/25 (4) | 3,000 | 3,246 |
Long Island NY Power Auth. Electric System Rev. | 5.250% | 6/1/12 | 40,505 | 43,444 |
Long Island NY Power Auth. Electric System Rev. | 5.000% | 12/1/18 (14) | 2,900 | 3,264 |
Long Island NY Power Auth. Electric System Rev. | 5.000% | 12/1/18 (14) | 1,335 | 1,502 |
Long Island NY Power Auth. Electric System Rev. | 5.000% | 12/1/20 (14) | 10,000 | 10,940 |
Long Island NY Power Auth. Electric System Rev. | 5.250% | 4/1/21 | 2,945 | 3,331 |
Long Island NY Power Auth. Electric System Rev. | 5.000% | 12/1/21 (14) | 10,000 | 10,985 |
Long Island NY Power Auth. Electric System Rev. | 5.000% | 12/1/21 (14) | 33,615 | 36,928 |
Long Island NY Power Auth. Electric System Rev. | 5.000% | 4/1/23 | 5,800 | 6,341 |
Long Island NY Power Auth. Electric System Rev. | 5.750% | 4/1/25 | 20,000 | 22,603 |
Long Island NY Power Auth. Electric System Rev. VRDO | 0.310% | 11/5/10 (4) | 34,055 | 34,055 |
Metro. New York Transp. Auth. Rev. | 5.750% | 7/1/18 | 1,975 | 2,399 |
Metro. New York Transp. Auth. Rev. | 5.000% | 11/15/18 | 3,425 | 3,961 |
Metro. New York Transp. Auth. Rev. | 5.250% | 11/15/19 (14) | 5,000 | 5,863 |
Metro. New York Transp. Auth. Rev. | 5.000% | 11/15/21 | 2,685 | 2,938 |
Metro. New York Transp. Auth. Rev. | 5.250% | 11/15/21 (14) | 4,000 | 4,644 |
Metro. New York Transp. Auth. Rev. | 5.500% | 11/15/21 (4) | 15,900 | 19,309 |
Metro. New York Transp. Auth. Rev. | 5.000% | 11/15/23 (4) | 10,000 | 10,854 |
Metro. New York Transp. Auth. Rev. | 4.750% | 11/15/24 (14) | 9,005 | 9,449 |
Metro. New York Transp. Auth. Rev. | 4.750% | 11/15/25 (14) | 9,435 | 9,865 |
Metro. New York Transp. Auth. Rev. (Commuter Fac.) | 5.000% | 1/1/12 (Prere.) | 8,100 | 8,543 |
Metro. New York Transp. Auth. Rev. (Dedicated Petroleum Tax) | 6.000% | 4/1/20 (14)(ETM) | 21,500 | 26,793 |
Metro. New York Transp. Auth. Rev. (Service Contract) | 0.000% | 7/1/11 (ETM) | 21,200 | 21,146 |
Metro. New York Transp. Auth. Rev. (Service Contract) | 5.500% | 7/1/15 | 17,315 | 20,207 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) | 4.750% | 7/1/12 (4)(Prere.) | 25,835 | 27,720 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) | 5.500% | 11/15/14 (2) | 5,000 | 5,760 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) | 5.500% | 11/15/15 (2) | 45,130 | 48,717 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) | 5.500% | 11/15/16 (2) | 38,075 | 41,102 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) | 5.500% | 11/15/18 | 30,750 | 34,876 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) | 5.000% | 11/15/20 | 5,000 | 5,541 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) | 5.000% | 11/15/21 | 5,000 | 5,447 |
Metro. New York Transp. Auth. Rev. PUT | 5.000% | 11/15/13 | 31,500 | 34,737 |
1 Metro. New York Transp. Auth. Rev. TOB VRDO | 0.290% | 11/5/10 (4) | 2,000 | 2,000 |
Nassau County NY GO | 4.000% | 10/1/22 | 8,755 | 9,247 |
Nassau County NY GO | 4.000% | 10/1/23 | 5,245 | 5,475 |
New York City NY Capital Resources (Loan Enhanced Assistance Program) VRDO | 0.330% | 11/5/10 LOC | 20,977 | 20,977 |
New York City NY Cultural Resources Rev. (Asia Society) VRDO | 0.260% | 11/5/10 LOC | 6,000 | 6,000 |
New York City NY Cultural Resources Rev. (Lincoln Center) | 5.250% | 12/1/18 | 7,600 | 8,883 |
New York City NY GO | 5.000% | 8/1/11 | 8,000 | 8,280 |
New York City NY GO | 5.250% | 8/1/11 | 29,500 | 30,588 |
New York City NY GO | 5.250% | 8/1/13 | 17,515 | 19,537 |
New York City NY GO | 5.750% | 8/1/13 (2) | 8,000 | 8,653 |
New York City NY GO | 5.000% | 8/1/14 | 6,500 | 7,382 |
New York City NY GO | 5.250% | 9/1/14 | 3,560 | 4,086 |
New York City NY GO | 5.750% | 8/1/15 (2) | 38,000 | 41,006 |
New York City NY GO | 5.000% | 8/1/17 | 7,610 | 8,887 |
69
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
New York City NY GO | 5.000% | 8/1/18 | 19,900 | 23,216 |
New York City NY GO | 5.000% | 6/1/19 | 8,675 | 10,086 |
New York City NY GO | 5.000% | 8/1/19 | 12,130 | 13,708 |
New York City NY GO | 5.000% | 8/1/19 | 4,500 | 5,238 |
New York City NY GO | 5.000% | 8/1/19 | 3,100 | 3,608 |
New York City NY GO | 5.000% | 8/1/19 | 5,000 | 5,820 |
New York City NY GO | 5.000% | 8/1/20 | 10,000 | 11,227 |
New York City NY GO | 5.000% | 8/1/20 | 32,355 | 37,355 |
New York City NY GO | 5.000% | 8/1/20 | 46,500 | 54,395 |
New York City NY GO | 5.000% | 8/1/20 | 9,010 | 10,115 |
New York City NY GO | 5.250% | 9/1/20 | 4,565 | 5,287 |
New York City NY GO | 5.000% | 10/1/20 | 1,345 | 1,513 |
New York City NY GO | 5.000% | 2/1/21 | 12,300 | 13,579 |
New York City NY GO | 5.250% | 3/1/21 | 4,255 | 4,910 |
New York City NY GO | 5.000% | 8/1/21 | 9,600 | 10,651 |
New York City NY GO | 5.000% | 8/1/21 | 59,135 | 67,277 |
New York City NY GO | 5.000% | 8/1/21 | 23,065 | 25,328 |
New York City NY GO | 5.000% | 8/1/21 | 14,000 | 15,374 |
New York City NY GO | 5.000% | 8/1/21 | 15,750 | 18,130 |
New York City NY GO | 5.250% | 9/1/21 | 20,000 | 22,886 |
New York City NY GO | 5.000% | 1/1/22 | 15,000 | 16,378 |
New York City NY GO | 5.000% | 8/1/22 | 7,050 | 7,742 |
New York City NY GO | 5.000% | 8/1/22 | 32,000 | 35,943 |
New York City NY GO | 5.000% | 8/1/22 | 18,475 | 20,972 |
New York City NY GO | 5.000% | 8/1/22 | 6,020 | 6,834 |
New York City NY GO | 5.250% | 8/15/22 | 25,250 | 28,573 |
New York City NY GO | 5.000% | 8/1/23 | 2,000 | 2,232 |
New York City NY GO | 5.000% | 8/1/23 | 7,925 | 8,933 |
New York City NY GO | 5.250% | 8/15/23 | 21,820 | 24,564 |
New York City NY GO | 5.000% | 8/1/24 | 6,735 | 7,536 |
New York City NY GO | 5.250% | 8/15/24 | 25,945 | 29,044 |
New York City NY GO | 5.000% | 8/1/25 | 5,000 | 5,498 |
New York City NY GO | 5.000% | 5/15/29 | 7,900 | 8,538 |
New York City NY GO | 5.450% | 4/1/31 | 6,560 | 7,315 |
New York City NY GO VRDO | 0.270% | 11/1/10 (4) | 900 | 900 |
New York City NY GO VRDO | 0.240% | 11/5/10 | 75,000 | 75,000 |
New York City NY Health & Hosp. Corp. Rev. (Health System) | 5.000% | 2/15/18 | 1,500 | 1,700 |
New York City NY Health & Hosp. Corp. Rev. (Health System) | 5.000% | 2/15/30 | 10,000 | 10,594 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.000% | 6/15/30 | 30,000 | 32,929 |
1 New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. TOB VRDO | 0.270% | 11/5/10 | 5,500 | 5,500 |
1 New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. TOB VRDO | 0.280% | 11/5/10 | 10,830 | 10,830 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. VRDO | 0.250% | 11/1/10 | 8,900 | 8,900 |
New York City NY Sales Tax Asset Receivable Corp. | 5.000% | 10/15/26 (14) | 9,500 | 10,364 |
New York City NY Transitional Finance Auth. Building Aid Rev. | 5.000% | 7/15/17 | 6,335 | 7,301 |
New York City NY Transitional Finance Auth. Rev. | 5.250% | 8/1/12 (Prere.) | 750 | 813 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 1/15/13 (ETM) | 2,000 | 2,195 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 1/15/14 | 3,525 | 3,921 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 1/15/15 | 2,820 | 3,192 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 1/15/16 | 2,925 | 3,339 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 1/15/17 | 2,150 | 2,465 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 1/15/19 | 3,875 | 4,437 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 1/15/23 | 4,440 | 4,829 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 1/15/24 | 7,040 | 7,610 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 1/15/25 (14) | 10,170 | 10,880 |
New York City NY Transitional Finance Auth. Rev. | 5.250% | 1/15/25 | 8,945 | 9,979 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 1/15/26 (14) | 7,620 | 8,121 |
New York City NY Transitional Finance Auth. Rev. | 5.250% | 1/15/26 | 10,520 | 11,704 |
New York City NY Transitional Finance Auth. Rev. | 5.250% | 1/15/26 | 8,185 | 9,106 |
New York City NY Transitional Finance Auth. Rev. | 5.125% | 1/15/28 | 3,465 | 3,705 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 1/15/30 | 9,500 | 10,056 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.375% | 2/1/13 | 15 | 15 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 11/1/14 | 6,065 | 6,988 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 8/1/18 | 1,300 | 1,546 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 11/1/18 | 5,000 | 5,956 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 8/1/19 | 1,305 | 1,547 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 11/1/19 | 9,835 | 11,678 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 11/1/19 | 2,535 | 3,010 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 8/1/21 | 51,100 | 57,285 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 11/1/21 | 36,850 | 42,613 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 11/1/21 | 16,015 | 18,640 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 5/1/22 | 11,090 | 12,679 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 5/1/29 | 10,000 | 10,987 |
70
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
New York City NY Transitional Finance Auth. Rev. VRDO | 0.270% | 11/5/10 | 11,300 | 11,300 |
New York NYC Housing Dev. Corp. (Multi Family) | 4.750% | 11/1/30 | 4,975 | 5,082 |
New York NYC Housing Dev. Corp. (Multi Family) | 4.750% | 11/1/30 | 1,875 | 1,915 |
New York State Dormitory Auth. Rev. | 5.000% | 7/1/20 | 6,815 | 7,782 |
New York State Dormitory Auth. Rev. | 5.000% | 7/1/21 | 17,750 | 19,966 |
New York State Dormitory Auth. Rev. (City Univ.) | 5.750% | 7/1/13 (14) | 9,230 | 9,890 |
New York State Dormitory Auth. Rev. (City Univ.) | 5.750% | 7/1/13 (14) | 11,200 | 11,840 |
New York State Dormitory Auth. Rev. (Mental Health Services) | 5.250% | 2/15/11 (14) | 725 | 728 |
New York State Dormitory Auth. Rev. (Mental Health Services) | 5.000% | 2/15/19 (4) | 3,200 | 3,610 |
New York State Dormitory Auth. Rev. (Mental Health Services) | 5.000% | 2/15/19 (4) | 3,000 | 3,446 |
New York State Dormitory Auth. Rev. (Mental Health Services) | 5.000% | 2/15/19 (4) | 5,030 | 5,778 |
New York State Dormitory Auth. Rev. (Mental Health Services) | 5.000% | 2/15/23 (14) | 6,415 | 7,026 |
New York State Dormitory Auth. Rev. (Mental Health Services) | 5.000% | 2/15/24 (14) | 6,740 | 7,357 |
New York State Dormitory Auth. Rev. (Mental Health Svcs. Fac.) | 5.000% | 8/15/20 | 13,290 | 15,297 |
New York State Dormitory Auth. Rev. (Mental Health Svcs. Fac.) | 5.000% | 8/15/21 | 10,000 | 11,343 |
New York State Dormitory Auth. Rev. (Mental Health Svcs. Fac.) | 5.000% | 8/15/22 | 2,000 | 2,230 |
New York State Dormitory Auth. Rev. (New York Univ.) | 5.750% | 7/1/16 (14) | 3,500 | 4,185 |
New York State Dormitory Auth. Rev. (New York Univ.) | 6.000% | 7/1/19 (14) | 1,700 | 2,104 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 12/15/13 | 2,135 | 2,408 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 12/15/14 | 3,250 | 3,745 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 2/15/18 | 20,930 | 24,643 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 2/15/19 | 19,500 | 22,912 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 2/15/20 | 2,000 | 2,345 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 2/15/20 | 7,085 | 8,308 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/20 | 33,000 | 37,624 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 2/15/21 | 12,080 | 13,994 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/21 | 34,650 | 39,112 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.500% | 3/15/22 (2) | 7,000 | 8,571 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/23 | 5,000 | 5,479 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 12/15/23 | 5,000 | 5,571 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/25 | 16,820 | 18,515 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/26 | 10,000 | 10,968 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/28 | 2,775 | 3,041 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/28 | 2,565 | 2,774 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/28 | 5,790 | 6,287 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/28 | 20,000 | 21,918 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 2/15/29 | 1,810 | 1,988 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 2/15/30 | 1,000 | 1,091 |
New York State Dormitory Auth. Rev. (Second Hosp.) | 5.100% | 2/15/11 (2) | 4,040 | 4,055 |
New York State Dormitory Auth. Rev. (State Univ.) | 6.000% | 5/15/13 (14) | 10,000 | 10,142 |
New York State Dormitory Auth. Rev. (State Univ.) | 5.250% | 5/15/15 | 1,670 | 1,902 |
New York State Dormitory Auth. Rev. Non State Supported Debt | | | | |
(Mount Sinai School of Medicine of New York Univ.) | 5.000% | 7/1/23 (14) | 4,000 | 4,199 |
New York State Dormitory Auth. Rev. Non State Supported Debt | | | | |
(Mount Sinai School of Medicine of New York Univ.) | 5.000% | 7/1/24 (14) | 3,300 | 3,433 |
New York State Dormitory Auth. Rev. Non State Supported Debt | | | | |
(Mount Sinai School of Medicine of New York Univ.) | 5.000% | 7/1/27 (14) | 8,000 | 8,228 |
New York State Dormitory Auth. Rev. Non State Supported Debt (New York Univ. Hosp.) | 5.000% | 7/1/29 | 2,000 | 2,157 |
New York State Dormitory Auth. Rev. Non State Supported Debt (New York Univ.) | 5.000% | 7/1/22 | 3,445 | 3,911 |
New York State Dormitory Auth. Rev. Non State Supported Debt (School Dist. Financing Program) | 5.000% | 10/1/19 | 3,475 | 4,038 |
New York State Dormitory Auth. Rev. Non State Supported Debt (School Dist. Financing Program) | 5.000% | 10/1/21 | 4,320 | 4,931 |
New York State Dormitory Auth. Rev. Non State Supported Debt (School Dist. Financing Program) | 5.000% | 10/1/22 | 7,000 | 7,896 |
New York State Dormitory Auth. Rev. State Supported Debt | 5.000% | 7/1/18 | 11,570 | 13,455 |
New York State Dormitory Auth. Rev. State Supported Debt | 5.000% | 10/1/19 (12) | 2,500 | 2,892 |
New York State Dormitory Auth. Rev. State Supported Debt | 5.000% | 7/1/22 | 3,050 | 3,394 |
New York State Dormitory Auth. Rev. State Supported Debt (City Univ.) | 5.000% | 7/1/19 | 3,000 | 3,433 |
New York State Dormitory Auth. Rev. State Supported Debt (City Univ.) | 5.000% | 7/1/21 | 5,000 | 5,723 |
New York State Dormitory Auth. Rev. State Supported Debt (City Univ.) | 5.000% | 7/1/22 | 5,340 | 6,067 |
New York State Dormitory Auth. Rev. State Supported Debt (City Univ.) | 5.000% | 7/1/25 | 6,000 | 6,696 |
New York State Dormitory Auth. Rev. State Supported Debt (State Univ. Dormitory Fac.) | 5.000% | 7/1/28 | 3,925 | 4,290 |
New York State Dormitory Auth. Rev. State Supported Debt (State Univ. Dormitory Fac.) | 5.000% | 7/1/29 | 2,125 | 2,308 |
New York State Dormitory Auth. Rev. State Supported Debt (State Univ. Dormitory Fac.) | 5.000% | 7/1/30 | 4,330 | 4,671 |
New York State Energy Research & Dev. Auth. PCR (New York Electric & Gas) PUT | 3.000% | 6/3/13 | 5,000 | 5,059 |
New York State Energy Research & Dev. Auth. PCR (New York Electric & Gas) PUT | 3.000% | 6/3/13 | 5,000 | 5,059 |
New York State Environmental Fac. Corp. Rev. (Clean Water & Drinking Revolving Funds) | 5.375% | 6/15/15 | 7,650 | 8,185 |
New York State Environmental Fac. Corp. Rev. (Clean Water & Drinking Revolving Funds) | 5.375% | 6/15/16 | 6,000 | 6,435 |
New York State Environmental Fac. Corp. Rev. (Personal Income Tax) | 5.250% | 12/15/24 | 7,240 | 8,201 |
New York State Environmental Fac. Corp. Rev. (Personal Income Tax) | 5.250% | 12/15/25 | 15,825 | 17,840 |
New York State GO | 4.500% | 2/1/17 | 34,125 | 39,178 |
New York State GO | 4.500% | 2/1/18 | 24,735 | 28,451 |
New York State GO | 4.500% | 2/1/19 | 10,670 | 12,217 |
New York State GO | 4.500% | 2/1/20 | 11,665 | 13,294 |
71
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
New York State Housing Finance Agency Rev. (100 Maiden Lane) VRDO | 0.260% | 11/5/10 | 2,000 | 2,000 |
New York State Local Govt. Assistance Corp. | 5.500% | 4/1/17 (4) | 5,000 | 5,996 |
New York State Local Govt. Assistance Corp. | 5.500% | 4/1/17 | 1,250 | 1,495 |
New York State Mortgage Agency Rev. | 5.000% | 11/1/22 | 9,925 | 10,677 |
New York State Power Auth. Rev. | 5.250% | 11/15/12 (Prere.) | 2,600 | 2,855 |
New York State Thruway Auth. Rev. | 4.000% | 7/15/11 | 10,000 | 10,256 |
New York State Thruway Auth. Rev. | 5.000% | 1/1/20 (14) | 8,940 | 10,018 |
New York State Thruway Auth. Rev. | 5.000% | 1/1/21 (14) | 8,000 | 8,884 |
New York State Thruway Auth. Rev. | 5.000% | 1/1/22 (14) | 10,000 | 11,037 |
New York State Thruway Auth. Rev. | 5.000% | 1/1/23 (2) | 20,000 | 21,306 |
New York State Thruway Auth. Rev. | 5.000% | 1/1/24 (2) | 14,885 | 15,803 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.500% | 4/1/12 (14) | 20,000 | 21,402 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/13 | 2,500 | 2,756 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.500% | 4/1/13 (14) | 15,000 | 15,990 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/14 | 12,055 | 13,654 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.250% | 4/1/14 (14) | 3,515 | 4,011 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/17 (14) | 5,000 | 5,763 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/18 (2) | 5,995 | 6,858 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/19 | 6,650 | 7,502 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/20 | 11,395 | 12,823 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/20 | 5,650 | 6,301 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/20 | 10,400 | 11,887 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/23 | 8,515 | 9,574 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/25 | 4,500 | 4,995 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/27 | 7,000 | 7,690 |
New York State Thruway Auth. Rev. (Personal Income Tax) | 5.500% | 3/15/12 (Prere.) | 3,000 | 3,211 |
New York State Thruway Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/19 | 3,820 | 4,491 |
New York State Thruway Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/20 | 6,855 | 8,043 |
New York State Thruway Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/21 | 24,890 | 28,288 |
New York State Thruway Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/21 | 40,945 | 47,755 |
New York State Thruway Auth. Rev. (Personal Income Tax) | 5.250% | 3/15/27 | 7,115 | 7,939 |
New York State Thruway Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/29 | 7,000 | 7,629 |
New York State Thruway Auth. Rev. (Second Generation Highway & Bridge Trust Fund) | 5.000% | 4/1/21 | 16,000 | 18,606 |
New York State Thruway Auth. Rev. (Second Generation Highway & Bridge Trust Fund) | 5.000% | 4/1/22 | 22,710 | 26,172 |
New York State Thruway Auth. Rev. (Service Contract) | 5.500% | 4/1/13 | 5,000 | 5,337 |
New York State Thruway Auth. Rev. (Service Contract) | 5.000% | 4/1/19 | 11,000 | 12,782 |
New York State Thruway Auth. Rev. (Service Contract) | 5.000% | 4/1/20 | 9,890 | 11,401 |
New York State Urban Dev. Corp. Rev. | 5.000% | 12/15/14 | 3,000 | 3,465 |
New York State Urban Dev. Corp. Rev. | 5.000% | 1/1/15 | 19,500 | 22,207 |
New York State Urban Dev. Corp. Rev. | 5.000% | 12/15/15 | 4,000 | 4,680 |
New York State Urban Dev. Corp. Rev. | 5.000% | 1/1/16 | 22,360 | 25,818 |
New York State Urban Dev. Corp. Rev. | 5.250% | 1/1/17 | 12,000 | 14,132 |
New York State Urban Dev. Corp. Rev. | 5.250% | 1/1/18 | 36,140 | 42,758 |
New York State Urban Dev. Corp. Rev. | 5.250% | 1/1/22 | 7,500 | 8,419 |
New York State Urban Dev. Corp. Rev. | 4.375% | 3/15/22 | 9,020 | 9,826 |
New York State Urban Dev. Corp. Rev. | 5.000% | 12/15/22 | 2,000 | 2,268 |
New York State Urban Dev. Corp. Rev. | 5.000% | 12/15/23 | 2,615 | 2,948 |
New York State Urban Dev. Corp. Rev. | 5.000% | 1/1/26 | 7,910 | 8,498 |
New York State Urban Dev. Corp. Rev. (Correctional Fac.) | 5.250% | 1/1/14 (4) | 7,770 | 8,440 |
New York State Urban Dev. Corp. Rev. (Personal Income Tax) | 5.000% | 12/15/18 | 20,000 | 23,700 |
New York State Urban Dev. Corp. Rev. (Personal Income Tax) | 5.000% | 12/15/19 | 47,625 | 56,205 |
New York State Urban Dev. Corp. Rev. (Personal Income Tax) | 5.000% | 12/15/20 | 36,240 | 42,158 |
New York State Urban Dev. Corp. Rev. (Personal Income Tax) | 5.500% | 3/15/21 (14) | 10,000 | 12,197 |
New York State Urban Dev. Corp. Rev. (Personal Income Tax) | 5.000% | 12/15/21 | 18,310 | 21,047 |
New York State Urban Dev. Corp. Rev. (Personal Income Tax) | 5.000% | 12/15/23 | 7,180 | 7,955 |
New York State Urban Dev. Corp. Rev. (Personal Income Tax) GO | 5.500% | 3/15/22 (14) | 21,000 | 25,714 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/15 | 50,000 | 56,942 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/17 | 15,275 | 17,769 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/18 | 8,000 | 9,334 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/18 | 24,275 | 28,323 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/19 | 3,625 | 4,233 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.250% | 1/1/19 (4) | 7,050 | 8,210 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/20 | 18,165 | 20,854 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/21 | 11,345 | 12,928 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/21 | 20,085 | 22,887 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/22 | 5,120 | 5,769 |
Suffolk County NY Water Auth. Rev. | 6.800% | 6/1/12 (ETM) | 5,755 | 5,995 |
Tobacco Settlement Financing Corp. New York Rev. | 4.000% | 6/1/12 | 50,000 | 52,535 |
Triborough Bridge & Tunnel Auth. New York Rev. | 5.500% | 1/1/12 (ETM) | 8,180 | 8,440 |
Triborough Bridge & Tunnel Auth. New York Rev. | 6.000% | 1/1/12 (ETM) | 6,590 | 6,835 |
Triborough Bridge & Tunnel Auth. New York Rev. | 5.250% | 11/15/14 | 3,000 | 3,496 |
Triborough Bridge & Tunnel Auth. New York Rev. | 5.500% | 11/15/19 (14) | 4,500 | 5,460 |
72
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Triborough Bridge & Tunnel Auth. New York Rev. | 5.000% | 11/15/20 | 4,550 | 5,230 |
Triborough Bridge & Tunnel Auth. New York Rev. | 5.500% | 11/15/20 (14) | 15,000 | 18,233 |
Triborough Bridge & Tunnel Auth. New York Rev. | 5.500% | 11/15/21 (14) | 31,370 | 38,270 |
Triborough Bridge & Tunnel Auth. New York Rev. | 5.000% | 11/15/25 | 24,975 | 27,618 |
Triborough Bridge & Tunnel Auth. New York Rev. PUT | 5.000% | 11/15/14 | 20,000 | 22,649 |
Triborough Bridge & Tunnel Auth. New York Rev. PUT | 5.000% | 11/15/15 | 20,000 | 22,951 |
Triborough Bridge & Tunnel Auth. New York Rev. VRDO | 0.260% | 11/5/10 (4) | 6,440 | 6,440 |
Troy County NY IDA Civic Fac. Rev. (Rensselaer Polytechnic Institute Project) | 5.000% | 9/1/30 | 3,500 | 3,646 |
United Nations Dev. Corp. New York Rev. | 5.000% | 7/1/21 | 7,200 | 8,093 |
| | | | 3,565,222 |
North Carolina (2.0%) | | | | |
Charlotte NC Water & Sewer System Rev. | 5.000% | 7/1/18 | 1,045 | 1,259 |
Charlotte NC Water & Sewer System Rev. | 5.000% | 7/1/20 | 1,000 | 1,188 |
Columbus County NC Ind. Fac. & Pollution Control Financing Auth. Rev. (International Paper) | 5.700% | 5/1/34 | 8,000 | 8,340 |
Fayetteville NC Public Works Comm. Rev. | 5.000% | 3/1/22 | 1,000 | 1,142 |
Mecklenburg County NC COP | 5.000% | 2/1/22 | 3,390 | 3,834 |
Mecklenburg County NC COP | 5.000% | 2/1/23 | 1,200 | 1,346 |
Mecklenburg County NC COP | 5.000% | 2/1/25 | 1,000 | 1,101 |
Mecklenburg County NC COP | 4.750% | 2/1/26 | 2,500 | 2,667 |
Mecklenburg County NC GO | 5.000% | 3/1/20 | 3,715 | 4,363 |
Mecklenburg County NC Public Fac. Corp. (Annual Appropriation) | 5.000% | 3/1/19 | 3,000 | 3,585 |
Moore County NC Rev. | 4.000% | 6/1/16 | 1,245 | 1,378 |
New Hanover County NC Hosp. Rev. (New Hanover Regional Medical Center) | 5.000% | 10/1/27 (4) | 9,900 | 10,469 |
New Hanover County NC Hosp. Rev. (New Hanover Regional Medical Center) VRDO | 0.300% | 11/5/10 (12) | 11,600 | 11,600 |
1 North Carolina Capital Fac. Finance Agency Rev. (Duke Univ.) TOB VRDO | 0.280% | 11/1/10 | 15,800 | 15,800 |
1 North Carolina Capital Fac. Finance Agency Rev. TOB VRDO | 0.280% | 11/1/10 | 12,000 | 12,000 |
North Carolina Capital Fac. Financial Solid Waste Disposal Rev. (Duke Energy) | 4.375% | 10/1/31 | 15,000 | 14,707 |
North Carolina Capital Fac. Financial Solid Waste Disposal Rev. (Duke Energy) | 4.375% | 10/1/31 | 5,000 | 4,902 |
North Carolina Capital Improvement GO | 4.625% | 5/1/29 | 4,255 | 4,439 |
North Carolina Eastern Muni. Power Agency Power Systems Rev. | 5.000% | 1/1/21 | 10,000 | 11,247 |
North Carolina Eastern Muni. Power Agency Rev. | 5.375% | 1/1/11 | 25,000 | 25,183 |
North Carolina Eastern Muni. Power Agency Rev. | 5.375% | 1/1/12 | 14,875 | 15,579 |
North Carolina Eastern Muni. Power Agency Rev. | 5.375% | 1/1/13 | 25,000 | 27,085 |
North Carolina Eastern Muni. Power Agency Rev. | 5.500% | 1/1/14 | 15,000 | 16,817 |
North Carolina Eastern Muni. Power Agency Rev. | 5.300% | 1/1/15 | 4,000 | 4,286 |
North Carolina Eastern Muni. Power Agency Rev. | 5.000% | 1/1/16 | 4,000 | 4,566 |
North Carolina Eastern Muni. Power Agency Rev. | 5.375% | 1/1/16 | 3,000 | 3,236 |
North Carolina Eastern Muni. Power Agency Rev. | 5.375% | 1/1/17 | 4,700 | 5,070 |
North Carolina Eastern Muni. Power Agency Rev. | 5.000% | 1/1/20 | 2,250 | 2,505 |
North Carolina Eastern Muni. Power Agency Rev. | 5.000% | 1/1/26 | 22,510 | 24,048 |
North Carolina Eastern Muni. Power Agency Rev. | 5.500% | 1/1/26 | 3,000 | 3,309 |
North Carolina GO | 5.000% | 3/1/12 | 7,400 | 7,855 |
North Carolina GO | 5.000% | 5/1/14 | 16,780 | 18,501 |
North Carolina GO | 5.000% | 3/1/18 | 10,000 | 11,795 |
North Carolina GO | 5.000% | 6/1/18 | 30,680 | 37,111 |
North Carolina Infrastructure Financial Corp. COP Capital Improvements | 5.000% | 2/1/18 (4) | 9,675 | 11,230 |
North Carolina Infrastructure Financial Corp. COP Capital Improvements | 5.000% | 2/1/19 (4) | 10,000 | 11,432 |
North Carolina Medical Care Comm. Health Care Fac. (Duke Univ. Health System) VRDO | 0.280% | 11/5/10 | 26,675 | 26,675 |
North Carolina Medical Care Comm. Health Care Fac. (Novant Health Obligated Group) | 5.000% | 11/1/18 | 3,075 | 3,246 |
2 North Carolina Medical Care Comm. Health Care Fac. Rev. (Novant Health) | 5.000% | 11/1/30 | 2,435 | 2,512 |
North Carolina Medical Care Comm. Hosp. (Duke Univ. Hosp.) VRDO | 0.230% | 11/5/10 | 5,300 | 5,300 |
North Carolina Medical Care Comm. Hosp. (North Carolina Baptist Hosp.) | 5.000% | 6/1/19 | 3,910 | 4,438 |
North Carolina Medical Care Comm. Hosp. (North Carolina Baptist Hosp.) | 5.000% | 6/1/20 | 1,375 | 1,557 |
North Carolina Medical Care Comm. Hosp. (North Carolina Baptist Hosp.) | 5.000% | 6/1/21 | 5,000 | 5,598 |
North Carolina Medical Care Comm. Hosp. (North Carolina Baptist Hosp.) | 5.000% | 6/1/22 | 5,000 | 5,537 |
North Carolina Muni. Power Agency Rev. | 5.250% | 1/1/16 (4) | 10,000 | 10,818 |
North Carolina Muni. Power Agency Rev. | 5.250% | 1/1/17 (4) | 15,290 | 16,528 |
North Carolina Muni. Power Agency Rev. | 5.250% | 1/1/18 (14) | 69,495 | 74,965 |
North Carolina Muni. Power Agency Rev. | 5.250% | 1/1/18 | 5,000 | 5,844 |
North Carolina Muni. Power Agency Rev. | 5.250% | 1/1/19 (14) | 38,600 | 41,492 |
North Carolina Muni. Power Agency Rev. | 5.250% | 1/1/19 | 3,085 | 3,553 |
North Carolina Muni. Power Agency Rev. | 5.000% | 1/1/20 | 8,500 | 9,832 |
North Carolina Muni. Power Agency Rev. | 5.250% | 1/1/20 (14) | 10,000 | 10,694 |
North Carolina Muni. Power Agency Rev. | 5.250% | 1/1/20 | 2,000 | 2,284 |
North Carolina Muni. Power Agency Rev. | 5.000% | 1/1/21 | 5,000 | 5,634 |
North Carolina Muni. Power Agency Rev. | 5.000% | 1/1/30 | 4,500 | 4,734 |
Univ. of North Carolina Chapel Hill Foundation VRDO | 0.280% | 11/5/10 | 12,220 | 12,220 |
Univ. of North Carolina Univ. System Rev. | 5.250% | 10/1/27 | 1,720 | 1,942 |
Univ. of North Carolina Univ. System Rev. | 5.250% | 10/1/28 | 1,590 | 1,785 |
Wake County NC GO | 5.000% | 6/1/28 | 3,000 | 3,298 |
Winston-Salem NC Water & Sewer System Rev. | 5.500% | 6/1/11 (Prere.) | 2,380 | 2,477 |
Winston-Salem NC Water & Sewer System Rev. | 5.500% | 6/1/11 (Prere.) | 1,970 | 2,050 |
73
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Winston-Salem NC Water & Sewer System Rev. | 5.500% | 6/1/13 | 1,500 | 1,559 |
Winston-Salem NC Water & Sewer System Rev. | 5.500% | 6/1/14 | 1,240 | 1,288 |
| | | | 612,835 |
Ohio (3.7%) | | | | |
Akron OH GO | 5.000% | 12/1/18 (2) | 5,300 | 6,049 |
Allen County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.000% | 9/1/17 | 14,645 | 16,501 |
Allen County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.250% | 9/1/27 | 30,000 | 32,794 |
Allen County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) VRDO | 0.270% | 11/1/10 LOC | 9,975 | 9,975 |
Allen County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) VRDO | 0.270% | 11/1/10 LOC | 4,400 | 4,400 |
American Muni. Power Ohio Inc. Rev. (Hydroelectric Projects) | 5.250% | 2/15/18 | 16,000 | 18,415 |
American Muni. Power Ohio Inc. Rev. (Hydroelectric Projects) | 5.250% | 2/15/19 | 13,000 | 14,941 |
American Muni. Power Ohio Inc. Rev. (Hydroelectric Projects) | 5.000% | 2/15/20 | 10,310 | 11,543 |
American Muni. Power Ohio Inc. Rev. (Prairie State Energy Campus Project) | 5.000% | 2/15/16 | 4,000 | 4,522 |
American Muni. Power Ohio Inc. Rev. (Prairie State Energy Campus Project) | 5.000% | 2/15/17 | 6,770 | 7,681 |
American Muni. Power Ohio Inc. Rev. (Prairie State Energy Campus Project) | 5.000% | 2/15/24 (12) | 5,000 | 5,445 |
American Muni. Power Ohio Inc. Rev. (Prairie State Energy Campus Project) | 5.250% | 2/15/28 | 1,940 | 2,055 |
Buckeye OH Tobacco Settlement Financing Corp. Rev. | 5.125% | 6/1/24 | 134,545 | 117,129 |
Buckeye OH Tobacco Settlement Financing Corp. Rev. | 5.875% | 6/1/30 | 72,390 | 60,732 |
Cincinnati OH City School Dist. Classroom Fac. Construction & Improvement | 5.250% | 6/1/21 | 3,810 | 4,511 |
Cincinnati OH City School Dist. Classroom Fac. Construction & Improvement | 5.250% | 6/1/22 | 3,180 | 3,734 |
Cincinnati OH City School Dist. GO | 5.250% | 12/1/20 (14) | 7,000 | 8,448 |
Cincinnati OH City School Dist. GO | 5.250% | 12/1/21 (14) | 5,710 | 6,851 |
Cincinnati OH City School Dist. GO | 5.250% | 12/1/22 (14) | 10,000 | 11,979 |
1 Cincinnati OH City School Dist. GO TOB VRDO | 0.460% | 11/5/10 (3)LOC | 6,450 | 6,450 |
Cincinnati OH GO | 5.250% | 12/1/13 (4)(Prere.) | 14,710 | 16,716 |
Cincinnati OH GO | 5.250% | 12/1/13 (4)(Prere.) | 9,185 | 10,438 |
Cincinnati OH GO | 5.250% | 12/1/13 (4)(Prere.) | 5,000 | 5,682 |
Cincinnati OH GO | 5.250% | 12/1/13 (4)(Prere.) | 8,150 | 9,261 |
Cleveland OH Public Power System Rev. | 5.000% | 11/15/20 (14) | 4,500 | 4,896 |
Cleveland OH Public Power System Rev. | 5.000% | 11/15/21 (14) | 7,455 | 8,025 |
Cleveland OH Public Power System Rev. | 5.000% | 11/15/22 (14) | 14,065 | 15,030 |
Cleveland OH Public Power System Rev. | 5.000% | 11/15/23 (14) | 7,505 | 7,973 |
Cleveland OH Public Power System Rev. | 5.000% | 11/15/24 (14) | 7,350 | 7,773 |
Cleveland OH Water Works Rev. | 5.375% | 1/1/13 (4) | 3,455 | 3,643 |
Columbus OH City School Dist. | 4.000% | 12/1/17 | 1,000 | 1,121 |
Columbus OH City School Dist. | 5.000% | 12/1/18 | 1,205 | 1,432 |
Columbus OH City School Dist. | 4.000% | 12/1/19 | 2,000 | 2,198 |
Columbus OH City School Dist. School Fac. Construction & Improvement GO | 5.000% | 12/1/16 (4) | 6,000 | 7,108 |
Cuyahoga County OH GO | 5.000% | 12/1/19 | 2,120 | 2,545 |
Cuyahoga OH Community College Dist. Rev. | 5.000% | 8/1/22 | 6,610 | 7,502 |
Cuyahoga OH Community College Dist. Rev. | 5.000% | 8/1/23 | 3,470 | 3,907 |
Cuyahoga OH Community College Dist. Rev. | 5.000% | 8/1/24 | 2,500 | 2,792 |
Franklin County OH Hosp. Rev. (Nationwide Childrens) VRDO | 0.250% | 11/5/10 | 21,140 | 21,140 |
Hamilton County OH Sales Tax Rev. | 5.000% | 12/1/18 (2) | 7,950 | 8,938 |
Hamilton County OH Sales Tax Rev. | 5.000% | 12/1/19 (2) | 22,380 | 24,843 |
Hamilton County OH Sales Tax Rev. | 5.000% | 12/1/23 (2) | 18,715 | 20,054 |
Huber Heights OH City School Dist. | 4.750% | 12/1/24 | 1,250 | 1,351 |
Huber Heights OH City School Dist. | 4.750% | 12/1/25 | 75 | 80 |
Huber Heights OH City School Dist. | 4.875% | 12/1/27 | 1,250 | 1,337 |
Huber Heights OH City School Dist. | 5.000% | 12/1/28 | 1,000 | 1,078 |
Huber Heights OH City School Dist. | 5.000% | 12/1/29 | 1,000 | 1,073 |
Huber Heights OH City School Dist. | 5.000% | 12/1/30 | 1,000 | 1,065 |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.625% | 10/1/12 | 6,800 | 7,152 |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.625% | 10/1/13 | 6,810 | 7,157 |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.625% | 10/1/14 | 6,000 | 6,301 |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.625% | 10/1/15 | 4,000 | 4,198 |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.000% | 4/1/16 (4) | 6,200 | 6,968 |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.000% | 4/1/16 (4) | 6,200 | 6,968 |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.000% | 4/1/17 (4) | 6,600 | 7,431 |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.000% | 4/1/17 (4) | 6,600 | 7,431 |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.000% | 4/1/18 (4) | 7,300 | 8,230 |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.000% | 4/1/18 (4) | 7,300 | 8,230 |
Ohio Air Quality Dev. Auth. PCR (FirstEnergy) | 5.700% | 2/1/14 | 5,500 | 6,076 |
Ohio Air Quality Dev. Auth. PCR (Ohio Power Co. Project) PUT | 3.250% | 6/2/14 | 3,000 | 3,059 |
Ohio Building Auth. Rev. | 5.000% | 10/1/19 | 5,000 | 5,874 |
Ohio Building Auth. Rev. | 5.000% | 10/1/20 | 5,000 | 5,853 |
Ohio Building Auth. Rev. | 5.000% | 10/1/21 | 10,000 | 11,524 |
Ohio Building Auth. Rev. | 5.000% | 10/1/22 | 5,460 | 6,231 |
Ohio Building Auth. Rev. (Administration Building Fund) | 5.500% | 10/1/11 (4)(Prere.) | 6,605 | 6,923 |
Ohio Building Auth. Rev. (Administration Building Fund) | 5.000% | 10/1/26 | 1,975 | 2,164 |
Ohio Building Auth. Rev. (State Correctional Fac.) | 5.500% | 10/1/12 (4) | 5,000 | 5,226 |
Ohio Building Auth. Rev. (State Correctional Fac.) | 5.500% | 10/1/13 (4) | 3,000 | 3,135 |
74
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Ohio Building Auth. Rev. (State Correctional Fac.) | 5.250% | 4/1/17 | 5,565 | 6,606 |
Ohio Conservation Projects GO | 5.000% | 9/15/19 | 9,655 | 11,533 |
Ohio Conservation Projects GO | 5.000% | 9/15/20 | 3,250 | 3,884 |
Ohio GO | 5.000% | 8/1/13 | 5,750 | 6,420 |
Ohio GO | 5.000% | 8/1/13 | 7,160 | 7,978 |
Ohio GO | 5.000% | 8/1/13 | 2,525 | 2,813 |
Ohio GO | 5.250% | 8/1/13 (4) | 12,435 | 13,969 |
Ohio GO | 5.500% | 8/1/13 | 2,945 | 3,328 |
Ohio GO | 5.000% | 9/15/13 | 9,500 | 10,608 |
Ohio GO | 5.000% | 8/1/14 | 6,500 | 7,447 |
Ohio GO | 5.000% | 8/1/14 | 8,265 | 9,459 |
Ohio GO | 5.000% | 8/1/14 | 6,670 | 7,634 |
Ohio GO | 5.000% | 9/15/14 | 5,000 | 5,747 |
Ohio GO | 5.000% | 9/15/14 | 2,155 | 2,477 |
Ohio GO | 5.500% | 11/1/14 | 7,000 | 8,201 |
Ohio GO | 5.000% | 9/15/16 | 5,415 | 6,420 |
Ohio GO | 5.000% | 9/15/18 | 12,755 | 14,509 |
Ohio GO | 5.000% | 11/1/18 | 7,710 | 8,786 |
Ohio GO | 5.000% | 9/15/19 | 9,025 | 10,694 |
Ohio GO | 5.000% | 9/15/20 | 7,430 | 8,808 |
Ohio Higher Educ. Capital Fac. Rev. | 5.250% | 11/1/12 (Prere.) | 3,710 | 4,065 |
1 Ohio Higher Educ. Fac. Comm. Rev. (Cleveland Clinic Health) TOB VRDO | 0.280% | 11/5/10 | 2,825 | 2,825 |
Ohio Higher Educ. Fac. Comm. Rev. (Denison Univ.) | 5.000% | 11/1/26 | 4,000 | 4,349 |
Ohio Higher Educ. Fac. Comm. Rev. (Denison Univ.) | 5.000% | 11/1/32 | 1,980 | 2,116 |
Ohio Higher Educ. Fac. Comm. Rev. (Oberlin College) | 5.000% | 10/1/19 | 24,015 | 28,420 |
Ohio Higher Educ. GO | 5.000% | 11/1/23 | 7,405 | 8,091 |
Ohio Highway Capital Improvements GO | 5.000% | 5/1/16 | 11,010 | 12,975 |
Ohio Housing Finance Agency Mortgage Rev. | 6.125% | 9/1/28 | 5,000 | 5,555 |
Ohio Major New State Infrastructure Project Rev. | 5.000% | 12/15/13 (14) | 10,135 | 11,409 |
Ohio Major New State Infrastructure Project Rev. | 5.000% | 12/15/13 (14) | 2,905 | 3,270 |
Ohio Major New State Infrastructure Project Rev. | 5.000% | 6/15/16 | 5,000 | 5,858 |
Ohio Major New State Infrastructure Project Rev. | 5.500% | 6/15/20 | 4,000 | 4,717 |
Ohio State Conservation Projects GO | 5.000% | 3/1/17 | 2,000 | 2,228 |
Ohio State Hosp. Rev. (Cleveland Clinic Health System Obligated Group) | 5.000% | 1/1/27 | 9,330 | 9,881 |
Ohio State Hosp. Rev. (Cleveland Clinic Health System Obligated Group) | 5.125% | 1/1/28 | 11,670 | 12,443 |
1 Ohio State Hosp. Rev. (Cleveland Clinic Health System Obligated Group) TOB VRDO | 0.280% | 11/1/10 | 9,500 | 9,500 |
1 Ohio State Hosp. Rev. (Cleveland Clinic Health System Obligated Group) TOB VRDO | 0.300% | 11/1/10 | 12,390 | 12,390 |
Ohio State Univ. General Receipts Rev. | 5.250% | 12/1/12 (Prere.) | 2,000 | 2,198 |
Ohio State Univ. General Receipts Rev. | 5.000% | 12/1/13 | 3,135 | 3,538 |
Ohio State Univ. General Receipts Rev. | 5.250% | 6/1/14 | 2,865 | 3,288 |
Ohio State Univ. General Receipts Rev. | 5.000% | 12/1/20 | 3,750 | 4,410 |
Ohio Water Dev. Auth. PCR | 5.000% | 6/1/17 | 2,000 | 2,275 |
Ohio Water Dev. Auth. PCR | 5.250% | 6/1/18 | 5,635 | 6,840 |
Ohio Water Dev. Auth. Rev. | 5.000% | 6/1/19 | 10,700 | 12,758 |
Ohio Water Dev. Auth. Rev. | 5.000% | 12/1/19 | 5,000 | 5,980 |
Ohio Water Dev. Auth. Rev. | 5.000% | 6/1/20 | 6,280 | 7,489 |
Ohio Water Dev. Auth. Rev. | 5.000% | 6/1/21 | 9,160 | 10,898 |
Ohio Water Dev. Auth. Rev. (Drinking Water Fund) | 5.250% | 12/1/19 | 5,775 | 6,992 |
Ohio Water Dev. Auth. Rev. (Drinking Water Fund) | 5.000% | 12/1/20 | 3,585 | 4,133 |
Ohio Water Dev. Auth. Rev. (Drinking Water Fund) | 5.250% | 12/1/20 | 5,570 | 6,809 |
1 Ohio Water Dev. Auth. Rev. Fresh Water TOB VRDO | 0.380% | 11/5/10 | 5,980 | 5,980 |
Scioto County OH Hosp. Rev. (Southern Ohio Medical Center) | 5.000% | 2/15/15 | 3,040 | 3,286 |
Scioto County OH Hosp. Rev. (Southern Ohio Medical Center) | 5.000% | 2/15/16 | 3,190 | 3,433 |
Scioto County OH Hosp. Rev. (Southern Ohio Medical Center) | 5.000% | 2/15/17 | 3,350 | 3,588 |
Scioto County OH Hosp. Rev. (Southern Ohio Medical Center) | 5.000% | 2/15/18 | 3,520 | 3,754 |
Scioto County OH Hosp. Rev. (Southern Ohio Medical Center) | 5.000% | 2/15/19 | 3,195 | 3,376 |
Scioto County OH Hosp. Rev. (Southern Ohio Medical Center) | 5.000% | 2/15/20 | 3,680 | 3,854 |
Scioto County OH Hosp. Rev. (Southern Ohio Medical Center) | 5.500% | 2/15/28 | 17,000 | 17,523 |
Univ. of Akron OH General Receipts Rev. | 5.000% | 1/1/19 (4) | 1,000 | 1,142 |
Univ. of Akron OH General Receipts Rev. | 5.000% | 1/1/22 (4) | 7,700 | 8,574 |
Univ. of Akron OH General Receipts Rev. | 5.000% | 1/1/23 (4) | 8,010 | 8,846 |
Univ. of Akron OH General Receipts Rev. | 5.000% | 1/1/24 (4) | 3,335 | 3,645 |
Univ. of Akron OH General Receipts Rev. | 5.000% | 1/1/25 (4) | 2,500 | 2,714 |
Univ. of Akron OH General Receipts Rev. | 5.000% | 1/1/26 (4) | 2,000 | 2,157 |
Univ. of Akron OH General Receipts Rev. | 5.000% | 1/1/27 (4) | 2,000 | 2,140 |
Univ. of Akron OH General Receipts Rev. | 5.000% | 1/1/28 (4) | 2,500 | 2,665 |
Univ. of Cincinnati OH COP | 5.000% | 6/1/17 (14) | 3,180 | 3,491 |
Univ. of Cincinnati OH General Receipts | 5.500% | 6/1/13 (14) | 2,700 | 2,800 |
Univ. of Cincinnati OH General Receipts | 5.500% | 6/1/14 (14) | 1,000 | 1,037 |
| | | | 1,138,313 |
75
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Oklahoma (0.4%) | | | | |
Grand River Dam Auth. Oklahoma Rev. | 6.250% | 6/1/11 (2) | 7,595 | 7,833 |
Oklahoma Dev. Finance Auth. Health System Rev. (Integris Baptist) | 5.000% | 8/15/24 | 12,100 | 12,995 |
Oklahoma Dev. Finance Auth. Health System Rev. (Integris Baptist) VRDO | 0.270% | 11/5/10 (12) | 33,230 | 33,230 |
Oklahoma Dev. Finance Auth. Rev. (Integris) VRDO | 0.270% | 11/5/10 (12) | 4,000 | 4,000 |
Oklahoma Dev. Finance Auth. Rev. (Public Service Co.) | 5.250% | 6/1/14 | 3,400 | 3,735 |
Oklahoma State Capitol Improvement Auth. Fac. Rev. | 5.000% | 7/1/25 (2) | 18,070 | 19,148 |
Oklahoma State Capitol Improvement Auth. Fac. Rev. | 5.000% | 7/1/26 (2) | 12,000 | 12,663 |
Oklahoma State Capitol Improvement Auth. Fac. Rev. | 5.000% | 7/1/27 (2) | 20,110 | 21,133 |
Oklahoma State Muni Power Auth. Power Supply System Rev. | 5.875% | 1/1/28 | 1,045 | 1,172 |
Oklahoma State Water Resource Board Rev. | 5.000% | 4/1/28 | 750 | 839 |
Oklahoma State Water Resource Board Rev. | 5.000% | 4/1/29 | 750 | 834 |
Oklahoma State Water Resource Board Rev. | 5.000% | 4/1/30 | 750 | 826 |
Oklahoma Turnpike Auth. Rev. VRDO | 0.260% | 11/5/10 | 21,500 | 21,500 |
| | | | 139,908 |
Oregon (0.4%) | | | | |
Clackamas County OR Hosp. Fac. Auth. Rev. (Legacy Health System) | 5.750% | 5/1/12 | 2,955 | 3,053 |
Clackamas County OR Hosp. Fac. Auth. Rev. (Legacy Health System) | 5.750% | 5/1/13 | 5,580 | 5,760 |
Clackamas County OR Hosp. Fac. Auth. Rev. (Legacy Health System) | 5.750% | 5/1/14 | 5,825 | 6,006 |
Clackamas County OR Hosp. Fac. Auth. Rev. (Legacy Health System) | 5.750% | 5/1/15 | 4,395 | 4,522 |
Oregon State Dept. Administrative Services | 5.000% | 11/1/19 | 2,000 | 2,357 |
Oregon State Dept. Administrative Services | 5.000% | 11/1/20 | 9,660 | 11,169 |
Oregon State Dept. Administrative Services | 5.000% | 5/1/23 | 3,130 | 3,504 |
Oregon State Dept. Administrative Services | 5.000% | 5/1/24 | 1,750 | 1,939 |
Oregon State Dept. Administrative Services | 5.000% | 4/1/25 (4) | 5,675 | 6,239 |
Oregon State Dept. Administrative Services | 5.000% | 5/1/25 | 2,220 | 2,443 |
Oregon State Dept. Administrative Services | 5.000% | 5/1/26 | 3,520 | 3,846 |
Oregon State Dept. Administrative Services (Lottery Rev.) | 5.250% | 4/1/26 | 9,475 | 10,786 |
Oregon State Dept. Transp. Highway Usertax Rev. | 4.500% | 11/15/24 | 11,585 | 12,447 |
Portland OR Sewer System Rev. | 5.000% | 6/1/12 (14) | 27,230 | 29,145 |
Portland OR Sewer System Rev. | 5.000% | 8/1/18 (4) | 11,470 | 13,045 |
| | | | 116,261 |
Pennsylvania (4.0%) | | | | |
Allegheny County PA GO | 5.000% | 11/1/29 | 15,000 | 16,101 |
1 Allegheny County PA Hosp. Dev. Auth. (Univ. Pittsburgh Medical Center) TOB VRDO | 0.280% | 11/5/10 | 39,200 | 39,200 |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) | 5.000% | 5/15/18 | 5,000 | 5,689 |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) | 5.000% | 5/15/19 | 9,000 | 10,138 |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) | 5.000% | 5/15/20 | 7,500 | 8,316 |
Allegheny County PA Sanitation Auth. Sewer Rev. | 5.000% | 6/1/26 (4) | 1,000 | 1,081 |
Berks County PA Muni. Auth. Rev. (Reading Hosp. & Medical Center) VRDO | 0.280% | 11/5/10 | 5,400 | 5,400 |
Blair County PA Hosp. Auth. Rev. (Altoona Hosp.) | 4.500% | 11/15/16 | 1,410 | 1,445 |
Blair County PA Hosp. Auth. Rev. (Altoona Hosp.) | 4.750% | 11/15/17 | 1,010 | 1,036 |
Blair County PA Hosp. Auth. Rev. (Altoona Hosp.) | 5.000% | 11/15/18 | 1,100 | 1,124 |
Central Bucks PA School Dist. | 5.000% | 5/15/22 (14) | 5,000 | 5,901 |
Commonwealth Financing Auth. Pennsylvania Rev. | 5.000% | 6/1/21 (4) | 3,940 | 4,471 |
Commonwealth Financing Auth. Pennsylvania Rev. | 5.000% | 6/1/24 (14) | 14,050 | 14,826 |
Commonwealth Financing Auth. Pennsylvania Rev. | 5.000% | 6/1/25 (14) | 9,500 | 9,992 |
Cumberland County PA Muni. Auth. Rev. | 5.250% | 1/1/17 | 2,375 | 2,529 |
Cumberland County PA Muni. Auth. Rev. | 5.500% | 1/1/18 | 2,735 | 2,936 |
Cumberland County PA Muni. Auth. Rev. | 5.750% | 1/1/20 | 3,415 | 3,653 |
Cumberland County PA Muni. Auth. Rev. | 6.000% | 1/1/21 | 4,190 | 4,494 |
Dauphin County PA General Auth. Health System Rev. (Pinnacle Health) | 6.000% | 6/1/29 | 14,800 | 15,886 |
Delaware County PA Auth. Univ. Rev. (Villanova Univ.) | 5.000% | 12/1/27 | 1,000 | 1,083 |
Delaware County PA Hosp. Auth. Rev. (Crozer Keystone Obligated Group) | 5.000% | 12/15/17 | 3,790 | 3,822 |
Delaware County PA Hosp. Auth. Rev. (Crozer Keystone Obligated Group) | 5.000% | 12/15/18 | 3,985 | 3,979 |
Delaware County PA Hosp. Auth. Rev. (Crozer Keystone Obligated Group) | 5.000% | 12/15/19 | 4,175 | 4,100 |
Delaware County PA Hosp. Auth. Rev. (Crozer Keystone Obligated Group) | 5.000% | 12/15/26 | 13,070 | 11,730 |
Delaware County PA IDA PCR (PECO Energy Co.) | 4.000% | 12/1/12 | 25,000 | 26,180 |
Delaware River Port Auth. Pennsylvania & New Jersey Rev. VRDO | 0.270% | 11/5/10 LOC | 53,700 | 53,700 |
Geisinger Health System Auth. of Pennsylvania Rev. (Penn State Geisinger Health System) VRDO | 3.420% | 11/1/10 | 10,100 | 10,100 |
Indiana County PA IDA PCR PUT | 3.000% | 6/3/13 | 6,000 | 6,076 |
Lancaster PA Higher Educ. Auth. Rev. (Franklin & Marshall College) | 5.000% | 4/15/22 | 3,500 | 3,765 |
Montgomery County PA Higher Educ. & Health Auth. Rev. (Abington Memorial Hosp.) | 5.000% | 6/1/25 | 5,765 | 5,965 |
Mount Lebanon PA School Dist. GO | 5.000% | 2/15/13 (Prere.) | 5,000 | 5,497 |
Northampton County PA General Purpose Auth. Univ. Rev. (Saint Lukes Hosp. Project) | 5.000% | 8/15/20 | 1,000 | 1,050 |
Northampton County PA General Purpose Auth. Univ. Rev. (Saint Lukes Hosp. Project) | 5.125% | 8/15/21 | 1,000 | 1,049 |
Northampton County PA Hosp. Auth. Rev. (Saint Lukes Hosp.) | 5.250% | 8/15/22 | 1,000 | 1,051 |
Northampton County PA Hosp. Auth. Rev. (Saint Lukes Hosp.) | 5.250% | 8/15/23 | 1,500 | 1,569 |
Northampton County PA Hosp. Auth. Rev. (Saint Lukes Hosp.) | 5.250% | 8/15/24 | 3,000 | 3,101 |
Pennsylvania Convention Center Auth. Rev. | 6.700% | 9/1/16 (ETM) | 2,390 | 2,781 |
Pennsylvania Econ. Dev. Financing Auth. Fac. Rev. (Jefferson Health) VRDO | 0.350% | 11/5/10 | 7,300 | 7,300 |
76
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Pennsylvania Econ. Dev. Financing Auth. PCR (PPL Electric Util. Corp. Project) | 4.000% | 10/1/23 | 17,500 | 17,291 |
Pennsylvania GO | 5.250% | 2/1/12 (14) | 8,500 | 9,013 |
Pennsylvania GO | 5.000% | 3/1/12 | 24,335 | 25,818 |
Pennsylvania GO | 5.500% | 5/1/12 (4)(Prere.) | 10,000 | 10,761 |
Pennsylvania GO | 5.250% | 7/1/12 | 25,200 | 27,204 |
Pennsylvania GO | 5.000% | 10/1/12 (14) | 9,430 | 10,240 |
Pennsylvania GO | 5.000% | 7/1/13 (Prere.) | 960 | 1,069 |
Pennsylvania GO | 4.000% | 7/15/13 | 16,995 | 18,506 |
Pennsylvania GO | 5.000% | 7/1/14 (14) | 4,890 | 5,424 |
Pennsylvania GO | 5.000% | 8/1/15 | 5,000 | 5,854 |
Pennsylvania GO | 5.000% | 2/15/19 | 10,035 | 11,964 |
Pennsylvania GO | 5.000% | 5/1/19 | 15,000 | 17,913 |
Pennsylvania GO | 5.000% | 7/1/19 | 40,000 | 47,821 |
Pennsylvania GO | 5.000% | 7/1/20 | 18,725 | 22,395 |
Pennsylvania GO | 5.375% | 7/1/21 | 4,500 | 5,553 |
Pennsylvania Higher Educ. Fac. Auth. Rev. | 5.000% | 6/15/29 | 5,715 | 6,244 |
Pennsylvania Higher Educ. Fac. Auth. Rev. | 5.000% | 6/15/30 | 5,420 | 5,899 |
Pennsylvania Higher Educ. Fac. Auth. Rev. (Pittsburgh Medical Center) | 5.000% | 5/15/31 | 500 | 518 |
Pennsylvania Higher Educ. Fac. Auth. Rev. (Thomas Jefferson Univ.) | 5.250% | 9/1/19 (2) | 2,935 | 3,363 |
Pennsylvania Higher Educ. Fac. Auth. Rev. (Univ. of Pennsylvania Health System) | 5.000% | 8/15/13 | 5,000 | 5,537 |
Pennsylvania Higher Educ. Fac. Auth. Rev. (Univ. of Pennsylvania Health System) | 5.000% | 9/1/19 | 16,725 | 20,032 |
Pennsylvania IDA Rev. (Econ. Dev.) | 5.500% | 7/1/20 | 12,180 | 14,072 |
Pennsylvania IDA Rev. (Econ. Dev.) | 5.500% | 7/1/23 | 20,000 | 22,427 |
Pennsylvania Public School Building Auth. Lease Rev. (School Dist. of Philadelphia) | 5.000% | 6/1/23 (4) | 10,600 | 11,329 |
Pennsylvania Public School Building Auth. Lease Rev. (School Dist. of Philadelphia) | 5.000% | 6/1/23 (4) | 6,180 | 6,605 |
Pennsylvania Public School Building Auth. Lease Rev. (School Dist. of Philadelphia) | 5.000% | 6/1/24 (4) | 11,130 | 11,831 |
Pennsylvania Public School Building Auth. Lease Rev. (School Dist. of Philadelphia) | 5.000% | 6/1/24 (4) | 6,820 | 7,249 |
Pennsylvania Public School Building Auth. Lease Rev. (School Dist. of Philadelphia) | 5.000% | 6/1/25 (4) | 11,585 | 12,263 |
Pennsylvania Public School Building Auth. Lease Rev. (School Dist. of Philadelphia) | 5.000% | 6/1/26 (4) | 10,070 | 10,598 |
Pennsylvania State Univ. Rev. VRDO | 0.240% | 11/5/10 | 42,750 | 42,750 |
Pennsylvania Turnpike Comm. Oil Franchise Tax Rev. | 5.250% | 12/1/11 (ETM) | 4,095 | 4,112 |
Pennsylvania Turnpike Comm. Oil Franchise Tax Rev. | 5.250% | 12/1/11 (ETM) | 2,875 | 2,887 |
Pennsylvania Turnpike Comm. Oil Franchise Tax Rev. | 5.000% | 12/1/17 (2) | 5,155 | 5,830 |
1 Pennsylvania Turnpike Comm. Oil Franchise Tax Rev. TOB VRDO | 0.280% | 11/5/10 (14) | 11,000 | 11,000 |
Pennsylvania Turnpike Comm. Registration Fee Rev. VRDO | 0.280% | 11/5/10 (4) | 28,495 | 28,495 |
Pennsylvania Turnpike Comm. Rev. | 5.000% | 6/1/21 (12) | 4,520 | 5,139 |
Pennsylvania Turnpike Comm. Rev. | 5.000% | 12/1/21 | 16,660 | 18,987 |
Pennsylvania Turnpike Comm. Rev. | 5.000% | 6/1/23 (12) | 8,585 | 9,501 |
Pennsylvania Turnpike Comm. Rev. | 5.000% | 6/1/24 (12) | 3,535 | 3,884 |
Pennsylvania Turnpike Comm. Rev. | 5.000% | 6/1/25 (12) | 2,500 | 2,691 |
Pennsylvania Turnpike Comm. Rev. | 5.250% | 6/1/27 | 12,345 | 13,321 |
Pennsylvania Turnpike Comm. Rev. | 5.000% | 6/1/29 | 50,000 | 52,636 |
Pennsylvania Turnpike Comm. Rev. VRDO | 0.270% | 11/5/10 (4) | 19,065 | 19,065 |
Pennsylvania Turnpike Comm. Rev. VRDO | 0.270% | 11/5/10 LOC | 15,950 | 15,950 |
Philadelphia PA Airport Parking Auth. | 5.000% | 9/1/16 | 3,000 | 3,412 |
Philadelphia PA Auth. IDR (Girard Estate Aramark Project) VRDO | 0.270% | 11/5/10 LOC | 14,750 | 14,750 |
Philadelphia PA Gas Works Rev. | 5.250% | 7/1/11 (4) | 5,000 | 5,019 |
Philadelphia PA Gas Works Rev. | 5.000% | 8/1/14 | 3,000 | 3,287 |
Philadelphia PA Gas Works Rev. | 5.000% | 8/1/15 | 3,000 | 3,306 |
Philadelphia PA GO | 5.125% | 5/15/11 (14) | 12,290 | 12,390 |
Philadelphia PA GO | 5.125% | 5/15/12 (14) | 4,975 | 5,015 |
Philadelphia PA GO | 5.125% | 5/15/13 (14) | 5,000 | 5,038 |
Philadelphia PA GO | 5.000% | 8/1/15 (4) | 23,000 | 26,187 |
Philadelphia PA GO | 5.250% | 8/1/16 (4) | 13,110 | 15,225 |
Philadelphia PA Hosp. & Higher Educ. Fac. Auth. Rev. (Children’s Hosp. of Philadelphia) VRDO | 3.630% | 11/1/10 | 3,200 | 3,200 |
Philadelphia PA Hosp. & Higher Educ. Fac. Auth. Rev. (Jefferson Health System) | 5.250% | 5/15/30 | 24,000 | 25,614 |
Philadelphia PA IDA Rev. | 5.000% | 10/1/14 (14) | 6,390 | 6,968 |
Philadelphia PA IDA Rev. (Philadelphia Airport System) | 5.750% | 6/15/11 (14) | 4,695 | 4,706 |
Philadelphia PA Muni. Auth. Rev. | 5.250% | 5/15/13 (4) | 11,105 | 12,087 |
Philadelphia PA Muni. Auth. Rev. | 5.250% | 11/15/14 (4) | 5,965 | 6,528 |
Philadelphia PA Muni. Auth. Rev. | 6.375% | 4/1/29 | 3,500 | 3,868 |
Philadelphia PA School Dist. GO | 5.500% | 8/1/12 (14) | 10,815 | 11,670 |
Philadelphia PA School Dist. GO | 5.000% | 8/1/19 (2) | 7,500 | 8,073 |
Philadelphia PA School Dist. GO | 5.000% | 8/1/20 (2) | 18,745 | 19,985 |
Philadelphia PA School Dist. GO | 5.000% | 8/1/21 (2) | 9,900 | 10,463 |
Philadelphia PA Water & Waste Water Rev. | 5.000% | 8/1/22 (4) | 3,000 | 3,355 |
Sayre PA Health Care Fac. Auth. Rev. (Guthrie Health Care System) | 5.850% | 12/1/11 (Prere.) | 4,860 | 5,201 |
Southcentral Pennsylvania General Auth. Rev. (Wellspan Health) | 6.000% | 6/1/25 | 30,000 | 33,872 |
Southeastern Pennsylvania Transp. Auth. Rev. | 5.000% | 3/1/27 | 6,100 | 6,626 |
Southeastern Pennsylvania Transp. Auth. Rev. | 5.000% | 3/1/28 | 5,000 | 5,402 |
Southeastern Pennsylvania Transp. Auth. Rev. VRDO | 0.270% | 11/1/10 LOC | 18,100 | 18,100 |
77
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Univ. of Pittsburgh of the Commonwealth System of Higher Educ. Pennsylvania | | | | |
(Univ. Capital Project) | 5.000% | 9/15/19 | 2,575 | 3,055 |
Univ. of Pittsburgh of the Commonwealth System of Higher Educ. Pennsylvania | | | | |
(Univ. Capital Project) | 5.500% | 9/15/23 | 9,000 | 10,613 |
Univ. of Pittsburgh of the Commonwealth System of Higher Educ. Pennsylvania | | | | |
(Univ. Capital Project) | 5.250% | 9/15/28 | 2,375 | 2,688 |
Univ. of Pittsburgh of the Commonwealth System of Higher Educ. Pennsylvania | | | | |
(Univ. Capital Project) | 5.250% | 9/15/29 | 11,100 | 12,508 |
Westmoreland County PA IDA Rev. (Excela Project) | 5.000% | 7/1/19 | 1,235 | 1,327 |
Westmoreland County PA IDA Rev. (Excela Project) | 5.250% | 7/1/20 | 1,330 | 1,449 |
Westmoreland County PA IDA Rev. (Excela Project) | 5.000% | 7/1/25 | 4,500 | 4,600 |
Wilkes-Barre PA Finance Auth. Rev. (Univ. of Scranton Project) | 5.000% | 11/1/20 | 1,005 | 1,146 |
Wilkes-Barre PA Finance Auth. Rev. (Univ. of Scranton Project) | 5.000% | 11/1/21 | 1,015 | 1,138 |
Wilkes-Barre PA Finance Auth. Rev. (Univ. of Scranton Project) | 5.000% | 11/1/22 | 1,160 | 1,289 |
Wilkes-Barre PA Finance Auth. Rev. (Univ. of Scranton Project) | 5.000% | 11/1/23 | 1,350 | 1,487 |
Wilkes-Barre PA Finance Auth. Rev. (Univ. of Scranton Project) | 5.000% | 11/1/24 | 1,420 | 1,553 |
Wilkes-Barre PA Finance Auth. Rev. (Univ. of Scranton Project) | 5.000% | 11/1/25 | 1,465 | 1,592 |
Wilkes-Barre PA Finance Auth. Rev. (Univ. of Scranton Project) | 5.000% | 11/1/30 | 6,185 | 6,519 |
| | | | 1,249,468 |
Puerto Rico (1.5%) | | | | |
Puerto Rico Electric Power Auth. Rev. | 5.250% | 7/1/14 | 4,420 | 4,908 |
Puerto Rico Electric Power Auth. Rev. | 5.500% | 7/1/16 | 5,000 | 5,747 |
Puerto Rico Electric Power Auth. Rev. | 5.000% | 7/1/19 (14) | 35,430 | 37,915 |
Puerto Rico Electric Power Auth. Rev. | 5.000% | 7/1/20 (14) | 18,245 | 19,318 |
Puerto Rico Electric Power Auth. Rev. | 5.000% | 7/1/20 | 5,000 | 5,546 |
Puerto Rico Electric Power Auth. Rev. | 5.000% | 7/1/21 (14) | 24,290 | 25,510 |
Puerto Rico Electric Power Auth. Rev. | 5.250% | 7/1/21 (14) | 5,000 | 5,624 |
Puerto Rico Electric Power Auth. Rev. | 5.250% | 7/1/22 (14) | 17,050 | 19,021 |
Puerto Rico GO | 5.500% | 7/1/11 (4) | 8,500 | 8,747 |
Puerto Rico GO | 5.500% | 7/1/13 (14) | 5,000 | 5,432 |
Puerto Rico GO | 5.500% | 7/1/14 (14) | 5,000 | 5,503 |
Puerto Rico GO | 5.250% | 7/1/20 | 14,955 | 15,420 |
Puerto Rico Highway & Transp. Auth. Rev. | 6.250% | 7/1/11 (14) | 2,835 | 2,935 |
Puerto Rico Highway & Transp. Auth. Rev. | 6.250% | 7/1/13 (14) | 7,220 | 7,984 |
Puerto Rico Highway & Transp. Auth. Rev. | 6.250% | 7/1/15 (14) | 5,590 | 6,384 |
Puerto Rico Highway & Transp. Auth. Rev. | 5.250% | 7/1/16 (3) | 8,885 | 9,330 |
Puerto Rico Muni. Finance Agency | 5.750% | 8/1/12 (4) | 2,470 | 2,491 |
Puerto Rico Public Buildings Auth. Govt. Fac. Rev. | 0.000% | 7/1/11 (3) | 48,810 | 47,707 |
Puerto Rico Public Buildings Auth. Govt. Fac. Rev. | 0.000% | 7/1/12 (3) | 34,465 | 32,453 |
Puerto Rico Public Buildings Auth. Govt. Fac. Rev. | 5.250% | 7/1/14 (Prere.) | 13,600 | 15,657 |
Puerto Rico Public Buildings Auth. Govt. Fac. Rev. | 5.500% | 7/1/17 (2) | 6,390 | 7,040 |
Puerto Rico Public Buildings Auth. Govt. Fac. Rev. | 5.500% | 7/1/18 (2) | 5,930 | 6,506 |
Puerto Rico Public Buildings Auth. Govt. Fac. Rev. | 5.250% | 7/1/29 | 9,700 | 9,841 |
Puerto Rico Public Finance Corp. PUT | 5.750% | 2/1/12 LOC | 43,740 | 45,527 |
Puerto Rico Sales Tax Financing Corp. Rev. | 5.500% | 8/1/28 | 30,000 | 32,284 |
Puerto Rico Sales Tax Financing Corp. Rev. | 6.125% | 8/1/29 | 30,000 | 31,486 |
Puerto Rico Sales Tax Financing Corp. Rev. PUT | 5.000% | 8/1/11 (Prere.) | 50,000 | 51,780 |
| | | | 468,096 |
Rhode Island (0.3%) | | | | |
Rhode Island Econ. Dev. Corp. (Rhode Island Dept. of Transp.) | 5.250% | 6/15/11 (4) | 5,000 | 5,151 |
Rhode Island Econ. Dev. Corp. (Rhode Island Dept. of Transp.) | 5.250% | 6/15/12 (4) | 5,000 | 5,356 |
Rhode Island Econ. Dev. Corp. (Rhode Island Dept. of Transp.) | 5.250% | 6/15/20 (12) | 20,000 | 23,390 |
Rhode Island Econ. Dev. Corp. (Rhode Island Dept. of Transp.) | 5.250% | 6/15/21 (12) | 25,000 | 28,781 |
Rhode Island Health & Educ. Building Corp. Rev. | 4.500% | 5/15/25 (4) | 2,880 | 2,969 |
Rhode Island Health & Educ. Building Corp. Rev. | 4.625% | 5/15/26 (4) | 3,210 | 3,314 |
Rhode Island Health & Educ. Building Corp. Rev. | 4.750% | 5/15/29 (4) | 3,500 | 3,582 |
Rhode Island Health & Educ. Building Corp. Rev. (Hosp. Financing - Lifespan Obligation) | 5.000% | 5/15/26 (4) | 4,900 | 5,146 |
Rhode Island State & Providence Plantations GO | 5.000% | 8/1/17 (4) | 3,120 | 3,564 |
| | | | 81,253 |
South Carolina (1.2%) | | | | |
Charleston SC Educ. Excellence Financing Corp. Rev. | 5.250% | 12/1/26 | 12,610 | 13,684 |
Charleston SC Educ. Excellence Financing Corp. Rev. | 5.250% | 12/1/27 | 33,070 | 35,716 |
Charleston SC Educ. Excellence Financing Corp. Rev. | 5.250% | 12/1/28 | 2,730 | 2,943 |
Charleston SC Educ. Excellence Financing Corp. Rev. (Charleston County School Dist.) | 5.000% | 12/1/19 | 3,105 | 3,513 |
Charleston SC Waterworks & Sewer Rev. Capital Improvement VRDO | 0.280% | 11/5/10 | 7,085 | 7,085 |
Greenville County SC Hosp. Fac. Rev. | 5.000% | 5/1/16 | 5,000 | 5,600 |
Greenville County SC Hosp. Fac. Rev. | 4.125% | 5/1/17 | 5,315 | 5,686 |
Greenville County SC Hosp. Fac. Rev. | 5.000% | 5/1/18 | 2,655 | 2,979 |
Greenville County SC School Dist. Installment Rev. GO | 5.500% | 12/1/19 | 32,480 | 38,845 |
Greenville County SC School Dist. Installment Rev. GO | 5.000% | 12/1/26 | 29,505 | 31,389 |
78
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Medical Univ. South Carolina Hosp. Auth. Hosp. Fac. Rev. | 6.250% | 8/15/12 (Prere.) | 13,000 | 14,330 |
North Charleston SC Tax Rev. | 5.000% | 12/1/12 (12) | 2,945 | 3,185 |
North Charleston SC Tax Rev. | 5.000% | 12/1/13 (12) | 4,525 | 5,035 |
North Charleston SC Tax Rev. | 5.000% | 12/1/14 (12) | 4,725 | 5,365 |
North Charleston SC Tax Rev. | 5.000% | 12/1/15 (12) | 4,715 | 5,409 |
Oconee County SC PCR (Duke Power Corp.) | 3.600% | 2/1/17 | 10,000 | 10,541 |
Piedmont SC Muni. Power Agency Rev. | 5.000% | 1/1/19 | 18,995 | 21,494 |
Piedmont SC Muni. Power Agency Rev. | 5.000% | 1/1/20 | 24,515 | 27,644 |
Piedmont SC Muni. Power Agency Rev. | 0.000% | 1/1/22 (14) | 9,950 | 5,857 |
Piedmont SC Muni. Power Agency Rev. | 0.000% | 1/1/23 (14) | 8,780 | 4,882 |
Piedmont SC Muni. Power Agency Rev. | 0.000% | 1/1/24 (14) | 2,400 | 1,259 |
Piedmont SC Muni. Power Agency Rev. | 5.000% | 1/1/24 | 13,620 | 14,523 |
Richland County SC School Dist. | 5.000% | 2/1/18 | 9,010 | 10,705 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Fac. Rev. (Palmetto Health) | 5.250% | 8/1/23 (4) | 6,275 | 6,776 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Fac. Rev. (Palmetto Health) | 5.250% | 8/1/24 (4) | 5,000 | 5,379 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Fac. Rev. (Palmetto Health) | 5.250% | 8/1/25 (4) | 6,925 | 7,413 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Fac. Rev. (Palmetto Health) | 5.250% | 8/1/27 (4) | 13,550 | 14,342 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Improvement Rev. (Palmetto Health Alliance) | 7.000% | 12/15/10 (ETM) | 3,730 | 3,758 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Improvement Rev. (Palmetto Health Alliance) | 7.125% | 12/15/10 (Prere.) | 7,000 | 7,201 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Improvement Rev. (Palmetto Health Alliance) | 5.000% | 2/1/18 | 2,000 | 2,199 |
South Carolina Jobs Econ. Dev. Auth. Rev. (Bon Secours Health System) | 5.625% | 11/15/12 (Prere.) | 1,775 | 1,955 |
South Carolina Public Service Auth. Rev. | 5.375% | 1/1/12 (Prere.) | 7,300 | 7,724 |
South Carolina Public Service Auth. Rev. | 5.500% | 1/1/13 (4) | 5,000 | 5,429 |
South Carolina Public Service Auth. Rev. | 5.000% | 1/1/28 | 6,735 | 7,332 |
South Carolina Public Service Auth. Rev. | 5.000% | 1/1/29 | 2,900 | 3,142 |
South Carolina Transp. Infrastructure Rev. | 5.250% | 10/1/13 (2) | 5,200 | 5,816 |
South Carolina Transp. Infrastructure Rev. | 5.250% | 10/1/25 (2) | 4,035 | 4,280 |
Spartanburg County SC Regional Health Services Dist. Rev. VRDO | 0.290% | 11/5/10 (12) | 26,330 | 26,330 |
| | | | 386,745 |
South Dakota (0.0%) | | | | |
South Dakota Health & Educ. Fac. Auth. Rev. (Sanford Health) | 5.250% | 11/1/29 | 2,000 | 2,079 |
|
Tennessee (1.9%) | | | | |
Greenville TN Health & Educ. Fac. Board Rev. (Laughlin Memorial Hosp. Project) VRDO | 0.650% | 11/5/10 LOC | 41,000 | 41,000 |
Jackson TN Hosp. Rev. (Jackson Madison Hosp.) | 5.250% | 4/1/23 | 8,280 | 8,658 |
Jackson TN Hosp. Rev. (Jackson Madison Hosp.) | 5.375% | 4/1/28 | 8,000 | 8,204 |
Memphis TN Electric System Rev. | 5.000% | 12/1/10 (14) | 33,000 | 33,135 |
Memphis TN Electric System Rev. | 5.000% | 12/1/13 (14)(Prere.) | 20,000 | 22,527 |
Memphis TN GO | 5.000% | 11/1/20 (10) | 4,000 | 4,550 |
Memphis TN GO | 5.000% | 11/1/20 (14) | 16,000 | 18,199 |
Memphis TN GO | 5.000% | 7/1/21 | 15,000 | 17,626 |
Memphis TN GO | 5.000% | 11/1/21 (14) | 4,730 | 5,350 |
Memphis TN GO | 5.000% | 7/1/22 | 15,000 | 17,468 |
Memphis TN GO | 5.000% | 11/1/22 (14) | 4,750 | 5,281 |
Metro. Govt. of Nashville & Davidson County TN GO | 5.000% | 1/1/20 | 5,000 | 5,777 |
Metro. Govt. of Nashville & Davidson County TN GO | 5.000% | 7/1/20 | 16,000 | 19,181 |
Metro. Govt. of Nashville & Davidson County TN GO | 5.000% | 7/1/21 | 25,000 | 29,515 |
Montgomery County TN GO | 5.000% | 4/1/20 | 5,060 | 5,989 |
Montgomery County TN Public Building Auth. Pooled Financial Rev. | | | | |
(Tennessee County Loan Pool) VRDO | 0.300% | 11/1/10 LOC | 5,100 | 5,100 |
Murfreesboro TN GO | 5.000% | 6/1/19 | 645 | 760 |
Murfreesboro TN GO | 5.000% | 6/1/20 | 1,000 | 1,161 |
Shelby County TN GO | 0.000% | 12/1/11 | 10,000 | 9,936 |
Shelby County TN GO | 5.000% | 4/1/19 | 500 | 598 |
Shelby County TN GO | 5.000% | 4/1/20 | 5,000 | 5,889 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. | 5.250% | 6/1/14 | 13,995 | 15,357 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. | 5.000% | 9/1/18 | 7,180 | 8,123 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. | 5.000% | 9/1/19 | 2,000 | 2,255 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. (Methodist Le Bonheur) | 5.000% | 6/1/13 | 4,865 | 5,218 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. (Methodist Le Bonheur) VRDO | 0.260% | 11/5/10 (12) | 30,300 | 30,300 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. (St. Jude Children’s Research Hosp.) | 5.000% | 7/1/21 | 5,000 | 5,474 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. (St. Jude Children’s Research Hosp.) | 5.000% | 7/1/22 | 5,000 | 5,440 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 9/1/16 | 19,800 | 20,996 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.250% | 9/1/17 | 39,290 | 42,007 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.250% | 9/1/18 | 62,570 | 66,414 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 2/1/19 | 8,500 | 8,947 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.250% | 9/1/19 | 7,130 | 7,525 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 2/1/20 | 25,000 | 26,109 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.250% | 9/1/20 | 12,000 | 12,699 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 2/1/21 | 25,000 | 26,018 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 2/1/22 | 10,000 | 10,339 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 2/1/25 | 5,000 | 5,128 |
79
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 2/1/27 | 10,175 | 10,287 |
Tennessee GO | 5.000% | 5/1/18 | 3,575 | 4,218 |
| | | | 578,758 |
Texas (8.3%) | | | | |
Austin TX Combined Util. System Rev. | 0.000% | 11/15/10 (2) | 5,000 | 4,998 |
Austin TX Combined Util. System Rev. | 0.000% | 11/15/11 (2) | 16,050 | 15,901 |
Austin TX Combined Util. System Rev. | 0.000% | 11/15/11 (14) | 18,100 | 17,945 |
Austin TX Combined Util. System Rev. | 0.000% | 5/15/18 (14) | 24,215 | 19,151 |
Austin TX Independent School Dist. GO | 5.000% | 8/1/13 | 10,000 | 11,180 |
Austin TX Water & Wastewater System Rev. | 5.000% | 11/15/20 | 2,380 | 2,785 |
Austin TX Water & Wastewater System Rev. | 5.000% | 11/15/21 | 2,500 | 2,884 |
Beaumont TX Independent School Dist. School Building | 5.250% | 2/15/29 (12) | 4,550 | 4,908 |
Camino Real Mobility Auth. Texas Rev. | 5.250% | 2/15/18 | 11,960 | 13,159 |
Camino Real Mobility Auth. Texas Rev. | 5.250% | 8/15/18 | 11,770 | 12,950 |
Camino Real Mobility Auth. Texas Rev. | 5.250% | 2/15/19 | 12,595 | 13,656 |
Camino Real Mobility Auth. Texas Rev. | 5.250% | 8/15/19 | 12,925 | 14,014 |
Camino Real Mobility Auth. Texas Rev. | 5.250% | 2/15/20 | 13,265 | 14,218 |
Camino Real Mobility Auth. Texas Rev. | 5.250% | 8/15/20 | 13,580 | 14,555 |
Camino Real Mobility Auth. Texas Rev. | 5.000% | 2/15/21 | 5,970 | 5,983 |
Camino Real Mobility Auth. Texas Rev. | 5.000% | 8/15/21 | 6,320 | 6,334 |
Camino Real Mobility Auth. Texas Rev. | 5.000% | 2/15/22 | 6,170 | 6,181 |
Central Texas Regional Mobility Auth. Rev. | 5.750% | 1/1/20 | 1,150 | 1,262 |
Central Texas Regional Mobility Auth. Rev. | 0.000% | 1/1/25 | 4,650 | 2,015 |
Central Texas Regional Mobility Auth. Rev. | 5.750% | 1/1/25 | 2,000 | 2,114 |
Central Texas Regional Mobility Auth. Rev. | 0.000% | 1/1/26 | 6,490 | 2,612 |
Central Texas Regional Mobility Auth. Rev. | 0.000% | 1/1/27 | 7,750 | 2,901 |
Central Texas Regional Mobility Auth. Rev. | 0.000% | 1/1/28 | 5,500 | 1,915 |
Central Texas Regional Mobility Auth. Rev. | 0.000% | 1/1/29 | 5,220 | 1,679 |
Central Texas Regional Mobility Auth. Rev. | 0.000% | 1/1/30 | 4,355 | 1,270 |
Central Texas Regional Mobility Auth. Rev. | 0.000% | 1/1/31 | 4,880 | 1,325 |
Central Texas Regional Mobility Auth. Rev. | 0.000% | 1/1/33 | 4,000 | 944 |
Central Texas Regional Mobility Auth. Rev. | 0.000% | 1/1/34 | 4,000 | 849 |
Central Texas Regional Mobility Auth. Rev. | 0.000% | 1/1/35 | 4,950 | 979 |
Central Texas Regional Mobility Auth. Rev. | 0.000% | 1/1/37 | 5,525 | 946 |
Central Texas Regional Mobility Auth. Rev. | 0.000% | 1/1/38 | 3,500 | 557 |
Central Texas Regional Mobility Auth. Rev. | 0.000% | 1/1/39 | 4,500 | 671 |
Central Texas Regional Mobility Auth. Rev. | 0.000% | 1/1/40 | 5,700 | 792 |
Clear Creek TX Independent School Dist. GO | 5.000% | 2/15/23 (4) | 10,270 | 11,333 |
Clear Creek TX Independent School Dist. GO | 5.000% | 2/15/25 (4) | 11,635 | 12,719 |
Dallas County TX Community College Dist. | 5.000% | 2/15/27 | 2,690 | 2,999 |
Dallas County TX Community College Dist. | 5.000% | 2/15/29 | 1,500 | 1,655 |
Dallas County TX Util. & Reclamation Dist. GO | 5.250% | 2/15/25 (2) | 11,245 | 11,590 |
Dallas County TX Util. & Reclamation Dist. GO | 5.250% | 2/15/25 (2) | 11,245 | 11,590 |
Dallas TX Area Rapid Transit Rev. | 5.000% | 12/1/19 | 4,000 | 4,777 |
Dallas TX Area Rapid Transit Rev. | 5.000% | 12/1/20 | 4,900 | 5,854 |
Dallas TX Area Rapid Transit Rev. | 4.500% | 12/1/26 | 11,385 | 12,025 |
Dallas TX Area Rapid Transit Rev. | 4.500% | 12/1/27 | 14,130 | 14,813 |
Dallas TX Civic Center Refunding & Improvement Rev. | 5.000% | 8/15/23 (12) | 9,880 | 10,686 |
Dallas TX Civic Center Refunding & Improvement Rev. | 5.000% | 8/15/24 (12) | 9,345 | 10,039 |
Dallas TX Civic Center Refunding & Improvement Rev. | 5.000% | 8/15/25 (12) | 5,050 | 5,394 |
Dallas TX Civic Center Refunding & Improvement Rev. | 5.000% | 8/15/26 (12) | 1,650 | 1,749 |
Dallas TX GO | 5.000% | 2/15/19 | 11,675 | 12,878 |
Dallas TX GO | 5.000% | 2/15/20 | 13,225 | 15,805 |
Dallas TX GO | 5.000% | 2/15/22 | 6,540 | 7,282 |
Dallas-Fort Worth TX International Airport Rev. | 5.000% | 11/1/20 | 2,740 | 3,035 |
Dallas-Fort Worth TX International Airport Rev. | 5.000% | 11/1/21 | 2,000 | 2,193 |
Dallas-Fort Worth TX International Airport Rev. | 5.000% | 11/1/22 | 2,500 | 2,726 |
Dallas-Fort Worth TX International Airport Rev. | 5.000% | 11/1/23 | 1,500 | 1,627 |
Gulf Coast TX Waste Disposal Auth. Environmental Fac. Rev. | | | | |
(BP Products North America Project) PUT | 2.300% | 9/3/13 | 7,375 | 7,458 |
Gulf Coast TX Waste Disposal Auth. Environmental Fac. Rev. | | | | |
(BP Products North America Project) PUT | 2.300% | 9/3/13 | 2,000 | 2,023 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Methodist Hosp.) | 5.250% | 12/1/15 | 10,000 | 11,396 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Methodist Hosp.) | 5.250% | 12/1/16 | 12,000 | 13,787 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Methodist Hosp.) | 5.250% | 12/1/17 | 17,000 | 19,578 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (St. Luke’s Episcopal Health Sytem) | 5.000% | 2/15/19 | 4,000 | 4,465 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (St. Luke’s Episcopal Health Sytem) | 5.000% | 2/15/20 | 10,225 | 11,189 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (St. Luke’s Episcopal Health Sytem) | 5.625% | 2/15/25 | 39,530 | 43,584 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Texas Medical Center) VRDO | 0.270% | 11/1/10 LOC | 9,235 | 9,235 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (YMCA Greater Houston) VRDO | 0.280% | 11/1/10 LOC | 6,600 | 6,600 |
Harris County TX Flood Control Dist. GO | 5.250% | 10/1/19 | 7,640 | 9,290 |
Harris County TX Flood Control Dist. Rev. | 5.000% | 10/1/29 | 2,950 | 3,274 |
80
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Harris County TX Flood Control Dist. Rev. | 5.000% | 10/1/30 | 3,000 | 3,303 |
Harris County TX GO | 5.000% | 10/1/20 | 2,250 | 2,690 |
Harris County TX GO | 5.250% | 10/1/20 | 3,370 | 4,123 |
Harris County TX GO | 5.000% | 10/1/21 | 8,000 | 9,420 |
Harris County TX GO | 5.000% | 8/15/27 | 4,000 | 4,350 |
Harris County TX GO | 5.000% | 8/15/28 | 5,000 | 5,402 |
Harris County TX GO | 5.000% | 8/15/29 | 2,000 | 2,147 |
Harris County TX Health Fac. Dev. Corp. Hosp. Rev. (Memorial Hermann Healthcare) | 7.000% | 12/1/27 | 5,000 | 5,737 |
Harris County TX Health Fac. Dev. Corp. Hosp. Rev. (Memorial Hermann Healthcare) | 7.200% | 12/1/29 | 4,000 | 4,349 |
Harris County TX Health Fac. Dev. Corp. Rev. (St. Luke’s Episcopal Hosp.) VRDO | 0.270% | 11/1/10 | 25,000 | 25,000 |
Harris County TX Metro. Transit Auth. Rev. | 5.000% | 11/1/26 | 3,000 | 3,316 |
Harris County TX Metro. Transit Auth. Rev. | 5.000% | 11/1/27 | 6,475 | 7,104 |
Harris County TX Metro. Transit Auth. Rev. | 5.000% | 11/1/28 | 5,665 | 6,175 |
Harris County TX Metro. Transit Auth. Rev. | 5.000% | 11/1/29 | 6,270 | 6,790 |
Harris County TX Metro. Transp. Auth. Lease Rev. | 5.000% | 11/1/10 | 2,790 | 2,791 |
Harris County TX Metro. Transp. Auth. Lease Rev. | 5.000% | 11/1/11 | 2,975 | 3,087 |
Harris County TX Metro. Transp. Auth. Lease Rev. | 5.000% | 11/1/12 | 3,100 | 3,317 |
Harris County TX Metro. Transp. Auth. Lease Rev. | 5.000% | 11/1/13 | 3,290 | 3,610 |
Harris County TX Metro. Transp. Auth. Lease Rev. | 5.000% | 11/1/14 | 3,475 | 3,880 |
Harris County TX Metro. Transp. Auth. Lease Rev. | 5.000% | 11/1/15 | 3,630 | 4,085 |
Harris County TX Metro. Transp. Auth. Lease Rev. | 5.000% | 11/1/16 | 3,820 | 4,327 |
Harris County TX Metro. Transp. Auth. Lease Rev. | 5.250% | 11/1/17 | 4,070 | 4,667 |
Harris County TX Metro. Transp. Auth. Lease Rev. | 5.375% | 11/1/18 | 4,265 | 4,918 |
Harris County TX Metro. Transp. Auth. Lease Rev. | 5.625% | 11/1/19 | 4,535 | 5,214 |
Harris County TX Metro. Transp. Auth. Lease Rev. | 5.875% | 11/1/20 | 3,640 | 4,223 |
Harris County TX Metro. Transp. Auth. Lease Rev. | 6.000% | 11/1/21 | 4,295 | 4,952 |
Harris County TX Rev. | 5.000% | 8/15/14 | 1,000 | 1,142 |
Harris County TX Rev. | 5.000% | 8/15/15 | 1,435 | 1,669 |
Harris County TX Sports Auth. Rev. | 0.000% | 11/15/23 (14) | 7,000 | 2,689 |
Harris County TX Toll Road Rev. | 5.375% | 8/15/12 (4) | 10,000 | 10,867 |
Harris County TX Toll Road Rev. | 5.000% | 8/15/18 | 1,500 | 1,769 |
Harris County TX Toll Road Rev. | 5.000% | 8/15/19 | 2,550 | 2,998 |
Harris County TX Toll Road Rev. | 5.000% | 8/15/20 | 2,000 | 2,317 |
Houston TX Airport System Rev. | 5.000% | 7/1/18 | 1,750 | 2,026 |
Houston TX Airport System Rev. | 5.000% | 7/1/19 | 1,750 | 1,993 |
Houston TX Airport System Rev. | 5.000% | 7/1/20 | 2,130 | 2,392 |
Houston TX Community College System Rev. | 5.000% | 4/15/21 (10) | 9,200 | 9,967 |
Houston TX GO | 5.500% | 3/1/11 (4) | 1,050 | 1,054 |
Houston TX GO | 5.750% | 3/1/12 (4) | 1,105 | 1,110 |
Houston TX GO | 5.750% | 3/1/13 (4) | 375 | 377 |
Houston TX GO | 5.000% | 3/1/20 | 11,790 | 13,569 |
Houston TX Hotel Occupancy Tax & Special Rev. (Convention & Entertainment) | 5.375% | 9/1/12 (2) | 4,460 | 4,554 |
Houston TX Hotel Occupancy Tax & Special Rev. (Convention & Entertainment) | 5.375% | 9/1/12 (2) | 9,995 | 10,205 |
Houston TX Hotel Occupancy Tax & Special Rev. (Convention & Entertainment) | 5.375% | 9/1/13 (2) | 10,545 | 10,732 |
Houston TX Hotel Occupancy Tax & Special Rev. (Convention & Entertainment) | 5.750% | 9/1/13 (2) | 13,840 | 14,204 |
Houston TX Hotel Occupancy Tax & Special Rev. (Convention & Entertainment) | 5.375% | 9/1/14 (2) | 6,190 | 6,289 |
Houston TX Hotel Occupancy Tax & Special Rev. (Convention & Entertainment) | 5.375% | 9/1/15 (2) | 10,750 | 10,911 |
Houston TX Hotel Occupancy Tax & Special Rev. (Convention & Entertainment) | 5.750% | 9/1/16 (2) | 5,540 | 5,651 |
Houston TX Hotel Occupancy Tax & Special Rev. (Convention & Entertainment) | 0.000% | 9/1/17 (2) | 13,760 | 10,057 |
Houston TX Hotel Occupancy Tax & Special Rev. (Convention & Entertainment) | 5.750% | 9/1/17 (2) | 5,855 | 5,957 |
Houston TX Hotel Occupancy Tax & Special Rev. (Convention & Entertainment) | 0.000% | 9/1/18 (2) | 16,285 | 11,151 |
Houston TX Hotel Occupancy Tax & Special Rev. (Convention & Entertainment) | 0.000% | 9/1/21 (2) | 22,720 | 12,824 |
Houston TX Util. System Rev. | 5.250% | 5/15/13 (14) | 3,500 | 3,892 |
Houston TX Util. System Rev. | 5.250% | 5/15/14 (14) | 2,500 | 2,860 |
Houston TX Util. System Rev. | 5.250% | 11/15/17 (4) | 13,500 | 16,251 |
Houston TX Util. System Rev. | 5.000% | 11/15/18 | 12,000 | 14,268 |
Houston TX Util. System Rev. | 5.125% | 5/15/28 (14) | 19,500 | 20,269 |
Houston TX Water & Sewer System Rev. | 0.000% | 12/1/10 (2) | 5,000 | 4,997 |
Houston TX Water & Sewer System Rev. | 5.750% | 12/1/12 (Prere.) | 8,000 | 8,853 |
Houston TX Water & Sewer System Rev. | 5.500% | 12/1/14 (4) | 22,500 | 23,680 |
Houston TX Water & Sewer System Rev. | 5.500% | 12/1/15 (4) | 7,250 | 7,622 |
Houston TX Water & Sewer System Rev. | 0.000% | 12/1/25 (ETM) | 8,525 | 4,954 |
Humble TX Independent School Dist. GO | 5.000% | 2/15/22 | 3,135 | 3,564 |
Katy TX Independent School Dist. GO | 5.000% | 2/15/19 | 2,215 | 2,637 |
Katy TX Independent School Dist. GO | 5.000% | 2/15/20 | 1,110 | 1,302 |
Katy TX Independent School Dist. GO | 5.000% | 2/15/21 | 2,000 | 2,310 |
Katy TX Independent School Dist. GO | 5.000% | 2/15/22 | 1,000 | 1,145 |
Lewisville TX Independent School Dist. | 5.000% | 8/15/20 | 1,730 | 2,020 |
Lone Star College TX System Rev. | 5.000% | 8/15/20 | 1,150 | 1,351 |
Lower Colorado River Auth. Texas Rev. | 5.375% | 5/15/11 (14)(Prere.) | 250 | 257 |
Lower Colorado River Auth. Texas Rev. | 5.375% | 5/15/11 (14)(Prere.) | 190 | 195 |
Lower Colorado River Auth. Texas Rev. | 5.375% | 5/15/11 (14)(Prere.) | 285 | 293 |
81
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Lower Colorado River Auth. Texas Rev. | 5.375% | 5/15/11 (14)(Prere.) | 125 | 128 |
Lower Colorado River Auth. Texas Rev. | 5.375% | 5/15/11 (14)(Prere.) | 175 | 180 |
Lower Colorado River Auth. Texas Rev. | 5.375% | 5/15/11 (14)(Prere.) | 180 | 185 |
Lower Colorado River Auth. Texas Rev. | 5.375% | 5/15/11 (14)(Prere.) | 80 | 82 |
Lower Colorado River Auth. Texas Rev. | 5.750% | 5/15/11 (4) | 3,050 | 3,063 |
Lower Colorado River Auth. Texas Rev. | 5.000% | 1/1/12 (4)(ETM) | 2,520 | 2,656 |
Lower Colorado River Auth. Texas Rev. | 5.375% | 5/15/12 (14) | 3,725 | 3,818 |
Lower Colorado River Auth. Texas Rev. | 5.375% | 5/15/13 (14) | 2,810 | 2,874 |
Lower Colorado River Auth. Texas Rev. | 5.375% | 5/15/14 (14) | 4,190 | 4,284 |
Lower Colorado River Auth. Texas Rev. | 5.875% | 5/15/14 (4) | 1,075 | 1,079 |
Lower Colorado River Auth. Texas Rev. | 5.875% | 5/15/15 (4) | 3,005 | 3,017 |
Lower Colorado River Auth. Texas Rev. | 5.375% | 5/15/16 (14) | 1,875 | 1,915 |
Lower Colorado River Auth. Texas Rev. | 5.375% | 5/15/17 (14) | 2,825 | 2,884 |
Lower Colorado River Auth. Texas Rev. | 5.375% | 5/15/20 (14) | 1,920 | 1,957 |
Lower Colorado River Auth. Texas Rev. | 5.000% | 5/15/22 | 4,000 | 4,500 |
Lower Colorado River Auth. Texas Rev. | 5.250% | 5/15/29 | 2,500 | 2,709 |
Lower Colorado River Auth. Texas Rev. | 5.250% | 5/15/29 | 9,070 | 9,768 |
Lower Colorado River Auth. Texas Rev. | 5.000% | 5/15/30 | 10,000 | 10,640 |
Lubbock TX Electric Light & Power System Rev. | 5.000% | 4/15/18 | 2,000 | 2,295 |
Lubbock TX Electric Light & Power System Rev. | 5.000% | 4/15/19 | 2,815 | 3,229 |
Lubbock TX GO | 5.000% | 2/15/22 (4) | 3,600 | 4,034 |
Matagorda County TX Navigation Dist. PCR (Central Power & Light) PUT | 5.125% | 6/1/11 | 26,500 | 27,018 |
North Harris County TX Regional Water Auth. Rev. | 5.125% | 12/15/23 | 7,410 | 8,256 |
North Harris County TX Regional Water Auth. Rev. | 5.125% | 12/15/24 | 5,895 | 6,528 |
North Harris County TX Regional Water Auth. Rev. | 5.125% | 12/15/25 | 5,250 | 5,779 |
North Harris County TX Regional Water Auth. Rev. | 5.125% | 12/15/26 | 6,225 | 6,811 |
North Harris County TX Regional Water Auth. Rev. | 5.125% | 12/15/27 | 8,920 | 9,700 |
North Harris County TX Regional Water Auth. Rev. | 5.125% | 12/15/28 | 8,040 | 8,697 |
North Texas Tollway Auth. Rev. | 5.500% | 1/1/17 | 4,750 | 5,455 |
North Texas Tollway Auth. Rev. | 5.500% | 1/1/18 | 4,000 | 4,618 |
North Texas Tollway Auth. Rev. | 6.000% | 1/1/19 | 15,000 | 17,546 |
North Texas Tollway Auth. Rev. | 6.000% | 1/1/20 | 22,100 | 25,546 |
North Texas Tollway Auth. Rev. | 6.000% | 1/1/21 | 41,330 | 47,240 |
North Texas Tollway Auth. Rev. | 6.000% | 1/1/22 | 26,045 | 29,471 |
North Texas Tollway Auth. Rev. | 6.250% | 2/1/23 | 46,220 | 49,075 |
North Texas Tollway Auth. Rev. | 6.000% | 1/1/24 | 19,700 | 22,056 |
North Texas Tollway Auth. Rev. | 6.000% | 1/1/25 | 11,035 | 12,333 |
North Texas Tollway Auth. Rev. | 6.000% | 1/1/25 | 5,075 | 5,672 |
North Texas Tollway Auth. Rev. | 6.000% | 1/1/26 | 4,395 | 4,892 |
North Texas Tollway Auth. Rev. | 6.000% | 1/1/27 | 3,950 | 4,376 |
North Texas Tollway Auth. Rev. | 6.000% | 1/1/28 | 3,220 | 3,598 |
North Texas Tollway Auth. Rev. PUT | 5.250% | 1/1/12 | 25,000 | 26,163 |
North Texas Tollway Auth. Rev. PUT | 5.750% | 1/1/16 | 75,000 | 86,479 |
North Texas Univ. Rev. | 5.000% | 4/15/17 | 1,000 | 1,181 |
North Texas Univ. Rev. | 5.000% | 4/15/18 | 1,690 | 2,002 |
North Texas Univ. Rev. | 5.000% | 4/15/19 | 1,755 | 2,077 |
North Texas Univ. Rev. | 5.000% | 4/15/20 | 1,500 | 1,748 |
SA Energy Acquisition Public Fac. Corp. Texas Gas Supply Rev. | 5.250% | 8/1/17 | 16,000 | 17,306 |
SA Energy Acquisition Public Fac. Corp. Texas Gas Supply Rev. | 5.250% | 8/1/18 | 18,985 | 20,415 |
SA Energy Acquisition Public Fac. Corp. Texas Gas Supply Rev. | 5.500% | 8/1/19 | 22,010 | 23,949 |
SA Energy Acquisition Public Fac. Corp. Texas Gas Supply Rev. | 5.500% | 8/1/20 | 9,455 | 10,264 |
SA Energy Acquisition Public Fac. Corp. Texas Gas Supply Rev. | 5.500% | 8/1/21 | 3,000 | 3,255 |
Sabine River Auth. Texas PCR (Southwestern Elec. Co.) | 4.950% | 3/1/18 (14) | 16,000 | 17,186 |
San Antonio TX Educ. Fac. Corp. Higher Educ. Rev. (Trinity Univ.) VRDO | 2.992% | 11/1/10 | 7,700 | 7,700 |
San Antonio TX Electric & Gas Rev. | 5.000% | 2/1/12 (4) | 5,000 | 5,285 |
San Antonio TX Electric & Gas Rev. | 5.375% | 2/1/12 (Prere.) | 8,140 | 8,642 |
San Antonio TX Electric & Gas Rev. | 5.375% | 2/1/12 (Prere.) | 10,000 | 10,617 |
San Antonio TX Electric & Gas Rev. | 5.375% | 2/1/12 (Prere.) | 6,490 | 6,890 |
San Antonio TX Electric & Gas Rev. | 5.375% | 2/1/12 (Prere.) | 5,445 | 5,781 |
San Antonio TX Electric & Gas Rev. | 5.375% | 2/1/12 (Prere.) | 760 | 807 |
San Antonio TX Electric & Gas Rev. | 5.250% | 2/1/13 (ETM) | 260 | 287 |
San Antonio TX Electric & Gas Rev. | 5.250% | 2/1/13 | 4,740 | 5,228 |
San Antonio TX Electric & Gas Rev. | 5.375% | 2/1/13 | 10,000 | 11,058 |
San Antonio TX Electric & Gas Rev. | 5.375% | 2/1/13 (4) | 14,865 | 16,437 |
San Antonio TX Electric & Gas Rev. | 5.000% | 2/1/21 | 9,750 | 10,867 |
San Antonio TX Electric & Gas Rev. | 5.000% | 2/1/22 | 25,450 | 28,323 |
San Antonio TX Electric & Gas Rev. | 5.000% | 2/1/23 | 22,000 | 24,612 |
San Antonio TX Electric & Gas Rev. | 5.000% | 2/1/24 | 15,000 | 16,257 |
San Antonio TX Electric & Gas Rev. VRDO | 0.290% | 11/5/10 | 28,000 | 28,000 |
San Antonio TX GO | 5.500% | 2/1/11 (ETM) | 300 | 304 |
San Antonio TX GO | 5.500% | 2/1/11 | 11,925 | 12,084 |
San Antonio TX GO | 5.000% | 8/1/17 (Prere.) | 5,685 | 6,852 |
82
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
San Antonio TX GO | 5.000% | 8/1/17 (Prere.) | 6,030 | 7,268 |
San Antonio TX GO | 5.000% | 2/1/20 | 6,000 | 7,168 |
San Antonio TX GO | 5.000% | 2/1/21 | 5,000 | 5,880 |
Southwest Texas Higher Educ. Auth. Inc. Rev. (Southern Methodist Univ.) | 5.000% | 10/1/19 | 3,100 | 3,682 |
Southwest Texas Higher Educ. Auth. Inc. Rev. (Southern Methodist Univ.) | 5.000% | 10/1/20 | 2,250 | 2,634 |
Southwest Texas Higher Educ. Auth. Inc. Rev. (Southern Methodist Univ.) | 5.000% | 10/1/21 | 2,760 | 3,183 |
Southwest Texas Higher Educ. Auth. Inc. Rev. (Southern Methodist Univ.) | 5.000% | 10/1/22 | 9,100 | 10,402 |
Southwest Texas Higher Educ. Auth. Inc. Rev. (Southern Methodist Univ.) | 5.000% | 10/1/29 | 2,025 | 2,188 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Hosp. Rev. | | | | |
(Scott and White Memorial Hosp. and S | 5.000% | 8/15/30 | 40,335 | 40,768 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Rev. (Christus Health) | 5.000% | 7/1/17 | 8,570 | 9,197 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Rev. (Christus Health) | 5.000% | 7/1/18 | 9,000 | 9,516 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Rev. (Christus Health) | 5.000% | 7/1/19 | 9,455 | 9,922 |
Temple TX GO | 5.250% | 8/1/23 (4) | 1,665 | 1,867 |
Temple TX GO | 5.250% | 8/1/25 (4) | 1,525 | 1,688 |
Texas A & M Univ. Permanent Univ. Fund | 5.250% | 7/1/24 | 14,925 | 16,492 |
Texas A & M Univ. Rev. Financing System | 5.000% | 5/15/13 | 5,535 | 6,136 |
Texas GO | 5.000% | 10/1/19 | 1,000 | 1,199 |
Texas GO Public Finance Auth. | 5.375% | 10/1/12 (Prere.) | 21,310 | 23,303 |
Texas GO Public Finance Auth. | 5.500% | 10/1/12 | 12,955 | 13,540 |
1 Texas GO TOB VRDO | 0.280% | 11/1/10 | 5,000 | 5,000 |
1 Texas GO TOB VRDO | 0.280% | 11/5/10 | 9,300 | 9,300 |
Texas GO TRAN | 2.000% | 8/31/11 | 140,000 | 141,933 |
Texas Muni. Gas Acquisition & Supply Corp. Rev. | 5.625% | 12/15/17 | 50,000 | 54,502 |
Texas Muni. Gas Acquisition & Supply Corp. Rev. | 5.250% | 12/15/21 | 10,370 | 10,795 |
Texas Muni. Gas Acquisition & Supply Corp. Rev. | 5.250% | 12/15/22 | 3,260 | 3,372 |
Texas Muni. Gas Acquisition & Supply Corp. Rev. | 6.250% | 12/15/26 | 29,390 | 32,970 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/12 (2)(ETM) | 375 | 369 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/12 (2) | 4,800 | 4,676 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/13 (14) | 11,375 | 10,866 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/13 (ETM) | 125 | 122 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/14 (14)(ETM) | 125 | 119 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/14 (14) | 5,540 | 5,151 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/15 (ETM) | 110 | 102 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/15 (14) | 10,140 | 9,097 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/16 (14)(ETM) | 110 | 99 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/16 (14) | 22,795 | 19,453 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/17 (ETM) | 415 | 359 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/17 (14) | 31,295 | 25,380 |
Texas Private Activity Surface Transp. Corp. Rev. | 7.500% | 12/31/31 | 32,000 | 36,632 |
Texas Private Activity Surface Transp. Corp. Rev. | 7.500% | 6/30/32 | 47,500 | 54,125 |
Texas State College Student Loan GO | 5.000% | 8/1/29 | 3,510 | 3,884 |
Texas State Transp. Comm. First Tier | 5.000% | 4/1/19 | 10,000 | 11,454 |
Texas State Transp. Comm. First Tier | 5.000% | 4/1/20 | 8,850 | 9,987 |
Texas State Transp. Comm. First Tier | 5.000% | 4/1/21 | 10,555 | 11,752 |
Texas State Transp. Comm. First Tier | 5.000% | 4/1/21 | 23,405 | 26,416 |
Texas State Transp. Comm. First Tier | 5.000% | 4/1/22 | 5,000 | 5,591 |
Texas State Transp. Comm. First Tier | 4.750% | 4/1/24 | 9,500 | 10,244 |
Texas State Transp. Comm. First Tier PUT | 5.000% | 2/15/11 | 10,000 | 10,102 |
Texas State Univ. System Rev. | 5.000% | 3/15/29 | 4,000 | 4,291 |
Texas Tech Univ. Rev. Refunding & Improvement | 5.000% | 2/15/23 (2) | 10,040 | 11,038 |
Texas Tech Univ. Rev. Refunding & Improvement | 5.000% | 2/15/24 (2) | 11,940 | 13,019 |
Texas Turnpike Auth. Central Texas Turnpike System Rev. | 0.000% | 8/15/20 (2) | 10,000 | 6,200 |
Texas Water Dev. Board Rev. | 5.000% | 7/15/20 | 3,800 | 4,485 |
Texas Water Dev. Board Rev. | 5.000% | 7/15/21 | 4,535 | 5,279 |
Texas Water Finance Assistance GO | 5.000% | 4/1/20 | 20,000 | 22,882 |
Texas Water Finance Assistance GO | 5.000% | 8/1/20 | 2,000 | 2,358 |
Texas Water Finance Assistance GO | 5.000% | 8/1/24 | 1,500 | 1,686 |
Texas Water Finance Assistance GO | 5.000% | 8/1/25 | 2,350 | 2,630 |
Tomball TX Hosp. Auth. Rev. | 5.750% | 7/1/14 | 7,000 | 7,049 |
Tomball TX Hosp. Auth. Rev. | 6.000% | 7/1/19 | 3,600 | 3,622 |
Univ. of Houston TX Rev. | 4.000% | 2/15/16 | 1,425 | 1,592 |
Univ. of Houston TX Rev. | 4.750% | 2/15/28 (4) | 8,615 | 9,104 |
Univ. of Texas Permanent Univ. Fund Rev. | 5.375% | 8/15/11 (Prere.) | 8,290 | 8,617 |
Univ. of Texas Permanent Univ. Fund Rev. | 5.000% | 7/1/20 | 14,740 | 17,727 |
Univ. of Texas Permanent Univ. Fund Rev. | 5.000% | 8/15/20 | 9,785 | 11,191 |
Univ. of Texas Rev. Finance Systems | 5.250% | 8/15/19 | 2,870 | 3,495 |
Univ. of Texas Rev. Finance Systems | 5.000% | 8/15/20 | 6,180 | 7,293 |
Univ. of Texas Rev. Finance Systems | 5.000% | 8/15/21 | 12,060 | 14,049 |
Univ. of Texas Rev. Finance Systems | 5.000% | 8/15/21 | 4,490 | 5,332 |
| | | | 2,569,296 |
83
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Utah (0.1%) | | | | |
Intermountain Power Agency Utah Power Supply Rev. | 5.000% | 7/1/18 | 6,845 | 7,541 |
Murray UT Hosp. Rev. (IHC Health Services) VRDO | 0.270% | 11/1/10 | 3,500 | 3,500 |
Riverton UT Hosp. Rev. (IHC Health Services Inc.) | 5.000% | 8/15/19 | 2,000 | 2,282 |
Utah Transit Auth. Sales Tax Rev. | 5.250% | 6/15/22 (4) | 5,015 | 6,048 |
| | | | 19,371 |
Vermont (0.0%) | | | | |
Vermont Educ. & Health Buildings Finance Agency Rev. (Fletcher Allen Health) | 5.000% | 12/1/22 (4) | 8,000 | 8,484 |
|
Virgin Islands (0.1%) | | | | |
Virgin Islands Public Finance Auth. Rev. | 5.000% | 10/1/18 | 4,500 | 4,994 |
Virgin Islands Public Finance Auth. Rev. | 5.000% | 10/1/19 | 3,000 | 3,300 |
Virgin Islands Public Finance Auth. Rev. | 6.375% | 10/1/19 | 5,865 | 5,936 |
Virgin Islands Public Finance Auth. Rev. | 5.000% | 10/1/24 | 1,000 | 1,040 |
Virgin Islands Public Finance Auth. Rev. | 5.000% | 10/1/25 | 6,500 | 6,601 |
Virgin Islands Public Finance Auth. Rev. | 5.000% | 10/1/29 | 5,000 | 5,047 |
| | | | 26,918 |
Virginia (1.2%) | | | | |
Fairfax County VA Econ. Dev. Auth. Rev. Public Fac. Projects | 5.000% | 4/1/18 | 1,280 | 1,531 |
Fairfax County VA IDA Hosp. Rev. (Inova Health System Hosp. Project) | 5.000% | 5/15/25 | 2,000 | 2,186 |
Hampton VA GO | 4.000% | 1/15/19 | 3,000 | 3,388 |
Hampton VA GO | 5.000% | 1/15/20 | 3,000 | 3,560 |
Louisa VA IDA Solid Waste & Sewer Disposal Rev. (Virginia Electric & Power Co.) PUT | 5.375% | 12/1/10 | 32,000 | 34,977 |
Louisa VA IDA Solid Waste & Sewer Disposal Rev. (Virginia Electric & Power Co.) PUT | 5.375% | 12/1/10 | 10,000 | 10,930 |
Norfolk VA GO VRDO | 0.260% | 11/5/10 | 9,960 | 9,960 |
Portsmouth VA GO | 5.000% | 7/1/14 (4) | 3,530 | 4,047 |
Roanoke VA Econ. Dev. Auth. Hosp. Rev. (Carilion Health System) | 5.000% | 7/1/25 | 10,375 | 10,753 |
Stafford County VA Econ. Dev. Auth. Hosp. Fac. Rev. (Medicorp Health System) | 5.250% | 6/15/26 | 2,425 | 2,499 |
Stafford County VA Econ. Dev. Auth. Hosp. Fac. Rev. (Medicorp Health System) | 5.250% | 6/15/31 | 19,405 | 19,811 |
Tobacco Settlement Financing Corp. Virginia Rev. | 5.625% | 6/1/15 (Prere.) | 42,520 | 50,665 |
Virginia Beach VA Dev. Auth. Public Fac. | 5.000% | 12/1/13 (Prere.) | 8,420 | 9,523 |
Virginia Beach VA Dev. Auth. Public Fac. | 5.000% | 7/15/17 (Prere.) | 5,125 | 6,206 |
Virginia Beach VA Dev. Auth. Public Fac. | 5.000% | 12/1/22 | 10,000 | 10,635 |
Virginia Beach VA Dev. Auth. Public Fac. | 5.000% | 7/15/24 | 5,335 | 5,848 |
Virginia Beach VA Dev. Auth. Public Fac. | 5.000% | 7/15/25 | 5,665 | 6,180 |
Virginia Beach VA Dev. Auth. Public Fac. | 5.000% | 7/15/26 | 5,955 | 6,459 |
Virginia College Building Auth. Educ. Fac. Rev. | 5.000% | 9/1/18 | 2,545 | 3,045 |
Virginia College Building Auth. Educ. Fac. Rev. (21st Century College) | 5.000% | 2/1/18 | 10,595 | 12,372 |
Virginia College Building Auth. Educ. Fac. Rev. (21st Century College) | 5.000% | 2/1/22 | 1,000 | 1,197 |
Virginia College Building Auth. Educ. Fac. Rev. Public Higher Educ. | 5.750% | 9/1/11 | 4,085 | 4,103 |
Virginia College Building Auth. Educ. Fac. Rev. Public Higher Educ. Financing Program | 5.000% | 9/1/18 | 8,010 | 9,236 |
Virginia College Building Auth. Educ. Fac. Rev. Public Higher Educ. Financing Program | 5.000% | 9/1/19 | 8,430 | 9,586 |
Virginia College Building Auth. Educ. Fac. Rev. Public Higher Educ. Financing Program | 5.000% | 9/1/20 | 8,855 | 9,973 |
Virginia College Building Auth. Educ. Fac. Rev. Public Higher Educ. Financing Program | 5.000% | 9/1/21 | 9,320 | 10,396 |
Virginia College Building Auth. Educ. Fac. Rev. Public Higher Educ. Financing Program | 5.000% | 9/1/22 | 9,105 | 10,097 |
Virginia Public Building Auth. Rev. | 5.000% | 8/1/22 | 10,000 | 11,103 |
Virginia Public School Auth. Rev. | 5.000% | 4/15/13 | 7,160 | 7,922 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/13 | 5,060 | 5,656 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/13 (Prere.) | 8,865 | 9,903 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/19 | 2,000 | 2,397 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/19 | 25,775 | 30,898 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/20 | 5,710 | 6,643 |
Virginia Public School Auth. Rev. | 5.000% | 8/1/20 | 2,500 | 2,956 |
York County VA Econ. Dev. Auth. PCR (VA Electric & Power Co.) PUT | 4.050% | 5/1/14 | 13,250 | 14,084 |
| | | | 360,725 |
Washington (1.0%) | | | | |
Chelan County WA Public Util. Dist. (Rock Island Hydro) | 0.000% | 6/1/15 (14) | 6,400 | 5,763 |
Clark County WA GO | 4.750% | 12/1/27 (14) | 3,275 | 3,425 |
Energy Northwest Washington Electric Refunding Rev. (Project No. 3) | 5.000% | 7/1/18 | 14,000 | 16,709 |
Port of Seattle WA Rev. | 5.000% | 3/1/21 (14) | 5,000 | 5,315 |
Port of Seattle WA Rev. | 5.000% | 6/1/22 | 2,000 | 2,252 |
Snohomish County WA Mukilteo School Dist. | 6.500% | 12/1/11 | 4,510 | 4,635 |
Spokane WA Regional Solid Waste Management System Rev. | 5.000% | 12/1/18 | 1,225 | 1,441 |
Spokane WA Regional Solid Waste Management System Rev. | 5.000% | 12/1/19 | 1,380 | 1,605 |
Washington GO | 6.250% | 2/1/11 | 1,510 | 1,533 |
Washington GO | 6.000% | 6/1/12 | 1,000 | 1,086 |
Washington GO | 5.700% | 10/1/15 (4) | 9,350 | 10,300 |
Washington GO | 5.000% | 7/1/19 | 6,940 | 8,279 |
Washington GO | 5.000% | 1/1/20 | 7,135 | 8,479 |
Washington GO | 5.000% | 2/1/20 | 10,860 | 12,915 |
Washington GO | 0.000% | 6/1/20 (14) | 5,500 | 4,017 |
84
Intermediate-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Washington GO | 5.000% | 7/1/20 | 10,000 | 11,405 |
Washington GO | 5.000% | 8/1/20 | 4,845 | 5,699 |
Washington GO | 5.000% | 1/1/21 | 5,580 | 6,508 |
Washington GO | 5.000% | 8/1/21 | 15,495 | 18,163 |
Washington GO (Motor Vehicle Fuel Tax) | 5.000% | 7/1/20 | 10,625 | 12,678 |
Washington GO (Motor Vehicle Fuel Tax) | 5.000% | 8/1/20 | 3,185 | 3,746 |
Washington GO (Motor Vehicle Fuel Tax) | 5.000% | 7/1/22 | 24,685 | 28,656 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.000% | 8/15/18 | 2,000 | 2,170 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.250% | 8/15/19 | 3,800 | 4,172 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.250% | 8/15/20 | 4,250 | 4,591 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.250% | 8/15/21 | 6,525 | 6,994 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.250% | 8/15/22 | 5,500 | 5,845 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.250% | 8/15/23 (4) | 3,425 | 3,756 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.250% | 8/15/24 (4) | 3,550 | 3,864 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.250% | 8/15/25 (4) | 3,675 | 3,975 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.250% | 8/15/25 (4) | 3,625 | 3,921 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.250% | 8/15/26 (4) | 3,550 | 3,817 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.250% | 8/15/26 (4) | 3,800 | 4,086 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.250% | 8/15/27 (4) | 3,925 | 4,196 |
Washington Health Care Fac. Auth. (Multicare Health System) VRDO | 0.300% | 11/1/10 (4) | 20,850 | 20,850 |
Washington Health Care Fac. Auth. (Multicare Health System) VRDO | 0.260% | 11/5/10 LOC | 18,775 | 18,775 |
Washington Health Care Fac. Auth. (PeaceHealth) | 5.000% | 11/1/18 | 23,000 | 25,921 |
Washington Health Care Fac. Auth. (PeaceHealth) | 5.000% | 11/1/24 | 19,830 | 21,489 |
Washington Higher Educ. Fac. Auth. (Gonzaga Univ.) | 5.000% | 4/1/21 | 2,580 | 2,823 |
Washington Higher Educ. Fac. Auth. (Gonzaga Univ.) | 5.000% | 4/1/22 | 3,005 | 3,258 |
Washington Higher Educ. Fac. Auth. (Gonzaga Univ.) | 5.000% | 4/1/23 | 4,470 | 4,761 |
Washington Higher Educ. Fac. Auth. (Gonzaga Univ.) | 5.000% | 4/1/24 | 2,000 | 2,118 |
| | | | 325,991 |
West Virginia (0.2%) | | | | |
West Virginia Econ. Dev. Auth. | 5.000% | 6/15/19 | 1,395 | 1,627 |
West Virginia Econ. Dev. Auth. | 5.000% | 6/15/21 | 3,500 | 4,001 |
West Virginia Econ. Dev. Auth. | 5.000% | 6/15/22 | 2,055 | 2,324 |
West Virginia Econ. Dev. Auth. | 5.000% | 6/15/23 | 1,745 | 1,955 |
West Virginia Econ. Dev. Auth. | 5.000% | 6/15/25 | 2,445 | 2,700 |
West Virginia Econ. Dev. Auth. | 5.000% | 6/15/27 | 5,085 | 5,539 |
West Virginia Econ. Dev. Auth. PCR (Appalachian Power Company) PUT | 4.850% | 9/4/13 | 3,000 | 3,202 |
West Virginia Econ. Dev. Auth. PCR PUT | 4.850% | 9/4/13 | 10,000 | 10,673 |
West Virginia Hosp. Finance Auth. Rev. (Charleston Medical Center) | 5.000% | 9/1/17 | 6,335 | 6,936 |
West Virginia Hosp. Finance Auth. Rev. (Charleston Medical Center) | 5.000% | 9/1/18 | 4,985 | 5,433 |
West Virginia Hosp. Finance Auth. Rev. (Charleston Medical Center) | 5.000% | 9/1/19 | 2,990 | 3,249 |
West Virginia Hosp. Finance Auth. Rev. (Charleston Medical Center) | 5.000% | 9/1/20 | 3,430 | 3,691 |
West Virginia Hosp. Finance Auth. Rev. (Charleston Medical Center) | 5.125% | 9/1/21 | 3,265 | 3,511 |
West Virginia Hosp. Finance Auth. Rev. (United Health Systems) | 5.000% | 6/1/18 | 1,920 | 2,072 |
West Virginia Hosp. Finance Auth. Rev. (United Health Systems) | 5.000% | 6/1/24 | 12,620 | 12,911 |
West Virginia School Building Auth. Excess Lottery Rev. | 5.250% | 7/1/20 | 2,500 | 2,881 |
West Virginia School Building Auth. Excess Lottery Rev. | 5.250% | 7/1/22 | 5,810 | 6,555 |
| | | | 79,260 |
Wisconsin (1.0%) | | | | |
Madison WI Community Dev. Auth. Rev. (Wisconson Alumni Research Project) | 5.000% | 10/1/18 | 1,640 | 1,952 |
Madison WI Community Dev. Auth. Rev. (Wisconson Alumni Research Project) | 5.000% | 10/1/19 | 3,705 | 4,398 |
Milwaukee WI Metro. Sewer Dist. GO | 5.250% | 10/1/21 | 10,060 | 12,325 |
Milwaukee WI Metro. Sewer Dist. GO | 5.250% | 10/1/22 | 2,690 | 3,303 |
Wisconsin GO | 5.000% | 5/1/11 | 15,180 | 15,538 |
Wisconsin GO | 5.250% | 5/1/11 (14)(Prere.) | 5,000 | 5,124 |
Wisconsin GO | 5.750% | 5/1/11 (Prere.) | 18,000 | 18,497 |
Wisconsin GO | 5.750% | 5/1/11 (Prere.) | 20,315 | 20,876 |
Wisconsin GO | 5.250% | 5/1/12 | 15,975 | 17,109 |
Wisconsin GO | 5.000% | 5/1/13 (14) | 2,000 | 2,214 |
Wisconsin GO | 5.500% | 5/1/13 (14) | 7,000 | 7,831 |
Wisconsin GO | 5.000% | 5/1/14 (14) | 7,390 | 8,410 |
Wisconsin GO | 5.500% | 5/1/15 (14) | 15,000 | 17,729 |
Wisconsin GO | 5.000% | 5/1/16 (14) | 6,000 | 6,895 |
Wisconsin GO | 5.000% | 5/1/19 | 7,135 | 8,367 |
Wisconsin GO | 5.000% | 5/1/20 | 2,750 | 3,280 |
Wisconsin GO | 5.000% | 5/1/21 | 7,540 | 8,612 |
Wisconsin GO | 5.000% | 5/1/21 | 4,820 | 5,664 |
Wisconsin GO | 5.000% | 5/1/22 | 6,500 | 7,370 |
Wisconsin GO | 5.000% | 5/1/22 | 3,500 | 4,076 |
Wisconsin GO | 6.000% | 5/1/27 | 10,000 | 11,777 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Aurora Health Care Inc.) | 5.250% | 8/15/17 (14) | 26,690 | 26,722 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Aurora Health Care Inc.) | 5.600% | 2/15/29 | 15,980 | 15,986 |
85
| | | | |
Intermediate-Term Tax-Exempt Fund | | | | |
|
|
|
|
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Wisconsin Health & Educ. Fac. Auth. Rev. (Aurora Health Care Inc.) | 5.500% | 4/15/29 | 11,700 | 12,217 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Children’s Hosp. of Wisconsin) | 5.375% | 8/15/24 | 5,900 | 6,529 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Froedtert & Community Health) VRDO | 0.280% | 11/5/10 LOC | 17,000 | 17,000 |
Wisconsin Health & Educ. Fac. Auth. Rev. (National Regency of New Berlin Inc.) VRDO | 0.310% | 11/1/10 LOC | 8,500 | 8,500 |
Wisconsin Health & Educ. Fac. Auth. Rev. (SSM Health Care) | 5.000% | 6/1/19 | 4,110 | 4,603 |
Wisconsin Health & Educ. Fac. Auth. Rev. (SSM Health Care) | 5.000% | 6/1/20 | 3,240 | 3,610 |
Wisconsin Health & Educ. Fac. Auth. Rev. (SSM Health Care) | 5.000% | 6/1/21 | 5,230 | 5,743 |
Wisconsin Health & Educ. Fac. Auth. Rev. (SSM Health Care) | 5.000% | 6/1/22 | 3,295 | 3,593 |
Wisconsin Transp. Rev. | 5.000% | 7/1/19 (14) | 10,000 | 11,835 |
| | | | 307,685 |
Total Tax-Exempt Municipal Bonds (Cost $28,841,272) | | | | 30,189,581 |
|
| | | Shares | |
Temporary Cash Investment (1.5%) | | | | |
Money Market Fund (1.5%) | | | | |
4 Vanguard Municipal Cash Management Fund (Cost $448,327) | 0.265% | | 448,326,976 | 448,327 |
Total Investments (99.4%) (Cost $29,289,599) | | | | 30,637,908 |
Other Assets and Liabilities (0.6%) | | | | |
Other Assets | | | | 532,102 |
Liabilities | | | | (347,255) |
| | | | 184,847 |
Net Assets (100%) | | | | 30,822,755 |
|
|
At October 31, 2010, net assets consisted of: | | | | |
| | | | Amount |
| | | | ($000) |
Paid-in Capital | | | | 29,520,149 |
Undistributed Net Investment Income | | | | — |
Accumulated Net Realized Losses | | | | (47,911) |
Unrealized Appreciation (Depreciation) | | | | |
Investment Securities | | | | 1,348,309 |
Futures Contracts | | | | 2,208 |
Net Assets | | | | 30,822,755 |
|
Investor Shares—Net Assets | | | | |
Applicable to 588,673,761 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | | | 8,121,826 |
Net Asset Value Per Share—Investor Shares | | | | $13.80 |
|
Admiral Shares—Net Assets | | | | |
Applicable to 1,645,371,304 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | | | 22,700,929 |
Net Asset Value Per Share—Admiral Shares | | | | $13.80 |
• See Note A in Notes to Financial Statements.
1 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2010, the aggregate value of these securities was $478,220,000, representing 1.6% of net assets.
2 Security purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of October 31, 2010.
3 Securities with a value of $11,335,000 have been segregated as initial margin for open futures contracts.
4 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
For key to abbreviations and other references, see back cover.
See accompanying Notes, which are an integral part of the Financial Statements.
86
Long-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Tax-Exempt Municipal Bonds (97.3%) | | | | |
Alabama (0.2%) | | | | |
East AL Health Care Auth. Rev. (Health Care Fac.) PUT | 5.000% | 9/1/13 | 5,000 | 5,234 |
Houston County AL Health Care Auth. Rev. | 5.250% | 10/1/30 (2) | 9,000 | 8,399 |
| | | | 13,633 |
Alaska (0.1%) | | | | |
Anchorage AK Electric Rev. | 8.000% | 12/1/10 (14) | 2,960 | 2,979 |
Valdez AK Marine Terminal Rev. (BP Pipeline Project) VRDO | 0.290% | 11/1/10 | 9,100 | 9,100 |
| | | | 12,079 |
Arizona (2.5%) | | | | |
Arizona Board Regents Arizona State Univ. System Rev. | 5.000% | 6/1/39 | 5,000 | 5,242 |
Arizona COP | 5.000% | 9/1/23 (4) | 12,140 | 12,907 |
Arizona Health Fac. Auth. Rev. (Banner Health) | 5.500% | 1/1/38 | 12,500 | 13,110 |
Arizona State Univ. COP | 5.375% | 7/1/12 (Prere.) | 2,285 | 2,472 |
Arizona State Univ. COP | 5.375% | 7/1/12 (Prere.) | 4,340 | 4,696 |
Arizona State Univ. COP | 5.375% | 7/1/12 (Prere.) | 4,905 | 5,307 |
Arizona State Univ. COP | 5.375% | 7/1/12 (Prere.) | 5,345 | 5,783 |
Arizona State Univ. COP | 5.375% | 7/1/12 (Prere.) | 4,460 | 4,826 |
Arizona State Univ. COP | 5.375% | 7/1/12 (Prere.) | 5,520 | 5,972 |
Arizona State Univ. COP | 5.375% | 7/1/13 (14) | 2,905 | 3,112 |
Arizona Transp. Board Excise Tax Rev. | 5.000% | 7/1/17 | 3,500 | 4,138 |
Arizona Transp. Board Excise Tax Rev. (Maricopa County Regional Area) | 5.000% | 7/1/18 | 18,115 | 21,467 |
Arizona Transp. Board Excise Tax Rev. (Maricopa County Regional Area) | 5.000% | 7/1/21 | 4,190 | 4,885 |
Arizona Transp. Board Highway Rev. | 5.000% | 7/1/24 | 5,000 | 5,522 |
Arizona Transp. Board Highway Rev. | 5.000% | 7/1/30 | 5,000 | 5,417 |
Arizona Water Infrastructure Finance Auth. Rev. | 5.000% | 10/1/30 | 5,000 | 5,536 |
Maricopa County AZ IDA Health Fac. Rev. (Catholic Healthcare West) | 5.250% | 7/1/32 | 2,920 | 2,992 |
Maricopa County AZ Pollution Control Corp. PCR (Southern California Edison Co.) | 5.000% | 6/1/35 | 5,500 | 5,596 |
Maricopa County AZ Rev. (Samaritan Health Service) | 7.000% | 12/1/16 (ETM) | 8,650 | 10,518 |
Phoenix AZ Civic Improvement Corp. Airport (Light Rail Project) | 5.000% | 7/1/18 (2) | 7,500 | 8,249 |
Phoenix AZ Civic Improvement Corp. Airport (Light Rail Project) | 5.000% | 7/1/19 (2) | 15,000 | 16,374 |
Phoenix AZ Civic Improvement Corp. Airport Rev. | 5.000% | 7/1/21 | 4,000 | 4,461 |
Phoenix AZ Civic Improvement Corp. Airport Rev. | 5.000% | 7/1/22 | 6,375 | 7,027 |
Phoenix AZ Civic Improvement Corp. Excise Tax Rev. | 5.000% | 7/1/21 (14) | 5,135 | 5,569 |
Phoenix AZ Civic Improvement Corp. Water System Rev. | 5.000% | 7/1/34 | 10,000 | 10,688 |
Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. | 5.000% | 1/1/38 | 5,000 | 5,274 |
Salt River Project Arizona Agricultural Improvement & Power Dist. Rev. | 5.000% | 1/1/39 | 3,300 | 3,502 |
Tucson AZ Water System Rev. | 5.500% | 7/1/17 (14) | 4,850 | 5,272 |
| | | | 195,914 |
Arkansas (0.1%) | | | | |
North Little Rock AR Electric Rev. | 6.500% | 7/1/15 (14) | 4,500 | 4,983 |
|
California (17.7%) | | | | |
Alameda CA Corridor Transp. Auth. Rev. | 0.000% | 10/1/30 (2) | 5,000 | 1,385 |
Anaheim CA Public Financing Auth. Rev. (Electric System) | 5.000% | 10/1/31 (4) | 16,235 | 16,353 |
Bay Area Toll Auth. CA Toll Bridge Rev. | 5.000% | 4/1/26 | 11,000 | 11,720 |
Bay Area Toll Auth. CA Toll Bridge Rev. | 5.000% | 4/1/27 | 12,440 | 13,505 |
Bay Area Toll Auth. CA Toll Bridge Rev. | 5.000% | 4/1/31 | 3,300 | 3,442 |
Beverly Hills CA USD GO | 0.000% | 8/1/24 | 6,500 | 3,548 |
Beverly Hills CA USD GO | 0.000% | 8/1/25 | 10,500 | 5,406 |
California Dept. of Water Resources Water System Rev. (Central Valley) | 5.250% | 12/1/15 (14) | 14,540 | 16,103 |
California Dept. of Water Resources Water System Rev. (Central Valley) | 5.250% | 12/1/16 (14) | 9,865 | 10,910 |
California Dept. of Water Resources Water System Rev. (Central Valley) | 5.250% | 12/1/17 (14) | 9,915 | 10,941 |
California Dept. of Water Resources Water System Rev. (Central Valley) | 5.250% | 12/1/18 (14) | 7,780 | 8,570 |
California Dept. of Water Resources Water System Rev. (Central Valley) | 5.000% | 12/1/27 | 7,560 | 8,310 |
California Dept. of Water Resources Water System Rev. (Central Valley) | 5.000% | 12/1/29 | 10,000 | 11,101 |
California Educ. Fac. Auth. Rev. (California Institute of Technology) | 5.000% | 11/1/39 | 7,000 | 7,575 |
California Educ. Fac. Auth. Rev. (Univ. of Southern California) | 5.000% | 10/1/38 | 5,000 | 5,298 |
California Educ. Fac. Auth. Rev. (Univ. of Southern California) | 5.250% | 10/1/39 | 5,000 | 5,414 |
California GO | 6.250% | 9/1/12 | 3,325 | 3,504 |
California GO | 5.000% | 2/1/14 (Prere.) | 3,565 | 4,022 |
California GO | 5.000% | 2/1/14 (Prere.) | 1,500 | 1,692 |
California GO | 5.500% | 4/1/18 | 7,000 | 8,250 |
California GO | 5.000% | 11/1/18 (14) | 12,555 | 14,220 |
California GO | 5.500% | 4/1/19 | 5,665 | 6,639 |
California GO | 5.000% | 6/1/19 (14) | 4,500 | 4,976 |
California GO | 5.000% | 9/1/20 | 5,130 | 5,602 |
California GO | 5.250% | 11/1/21 | 2,000 | 2,173 |
California GO | 5.625% | 4/1/26 | 21,900 | 23,770 |
California GO | 6.000% | 3/1/33 | 4,000 | 4,595 |
California GO | 6.500% | 4/1/33 | 40,000 | 47,027 |
87
Long-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
California GO | 6.000% | 11/1/35 | 10,000 | 11,250 |
California GO | 4.500% | 10/1/36 | 13,200 | 12,578 |
California GO | 6.000% | 4/1/38 | 8,840 | 9,852 |
California GO | 5.500% | 3/1/40 | 3,000 | 3,187�� |
California Health Fac. Finance Auth. Rev. (Adventist Health System) | 5.750% | 9/1/39 | 5,500 | 5,755 |
California Health Fac. Finance Auth. Rev. (Sutter Health) | 5.000% | 8/15/38 | 4,000 | 4,015 |
1 California Health Fac. Finance Auth. Rev. TOB VRDO | 0.280% | 11/5/10 | 23,725 | 23,725 |
California Health Fac. Financing Auth. Rev. (Catholic Healthcare West) | 5.625% | 7/1/35 | 5,000 | 5,245 |
California Health Fac. Financing Auth. Rev. (Catholic Healthcare West) | 6.000% | 7/1/39 | 4,500 | 4,899 |
California Health Fac. Financing Auth. Rev. (Pomona Valley Hosp.) | 5.750% | 7/1/15 (14) | 8,205 | 8,220 |
California Health Fac. Financing Auth. Rev. (St. Joseph Health System) | 5.750% | 7/1/39 | 8,000 | 8,504 |
California Infrastructure & Econ. Dev. Bank Rev. (Independent System Operator) | 6.250% | 2/1/39 | 15,000 | 16,070 |
California Infrastructure & Econ. Dev. Bank Rev. (J. Paul Getty Trust) PUT | 2.500% | 4/1/13 | 10,000 | 10,350 |
California Public Works Board Lease Rev. (Community College) | 5.625% | 3/1/16 (2) | 11,370 | 11,395 |
California Public Works Board Lease Rev. (Dept. of General Services) | 6.250% | 4/1/34 | 10,000 | 10,800 |
California Public Works Board Lease Rev. (Univ. of California) | 5.000% | 5/1/27 | 10,405 | 10,920 |
California State Dept. of Water Resources Power Supply Rev. | 5.375% | 5/1/12 (Prere.) | 5,000 | 5,420 |
California State Dept. of Water Resources Power Supply Rev. | 5.500% | 5/1/12 (2)(Prere.) | 6,000 | 6,515 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/16 | 3,165 | 3,673 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/16 | 4,000 | 4,642 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/19 | 15,000 | 17,533 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/21 | 7,650 | 8,599 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/21 | 5,000 | 5,762 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/22 | 5,375 | 6,000 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/22 | 5,000 | 5,714 |
California State Dept. of Water Resources Power Supply Rev. VRDO | 0.260% | 11/5/10 LOC | 13,000 | 13,000 |
California State Econ. Recovery Bonds | 5.000% | 7/1/14 (Prere.) | 4,145 | 4,769 |
California State Econ. Recovery Bonds | 5.000% | 7/1/15 | 5,990 | 6,735 |
California State Econ. Recovery Bonds | 5.250% | 7/1/21 | 8,750 | 10,138 |
California State Univ. Rev. Systemwide | 5.000% | 11/1/32 (4) | 16,000 | 16,621 |
California State Univ. Rev. Systemwide | 5.250% | 11/1/34 | 8,600 | 9,202 |
California Statewide Communities Dev. Auth. Rev. | 5.000% | 6/15/13 | 4,500 | 4,906 |
California Statewide Communities Dev. Auth. Rev. (Irvine Univ. of California East LLC) | 5.750% | 5/15/32 | 4,000 | 4,171 |
California Statewide Communities Dev. Auth. Rev. (Kaiser Permanente) | 5.000% | 4/1/19 | 28,000 | 31,137 |
California Statewide Communities Dev. Auth. Rev. (Kaiser Permanente) | 5.250% | 3/1/45 | 9,000 | 9,028 |
California Statewide Communities Dev. Auth. Rev. (Presbyterian Homes) | 7.250% | 11/15/41 | 3,000 | 3,300 |
Chula Vista CA IDR (San Diego Gas & Electric) | 5.875% | 2/15/34 | 10,000 | 11,281 |
Golden State Tobacco Securitization Corp. California | 5.000% | 6/1/13 (Prere.) | 26,020 | 28,874 |
Golden State Tobacco Securitization Corp. California | 6.250% | 6/1/13 (Prere.) | 15,835 | 17,537 |
Golden State Tobacco Securitization Corp. California | 6.750% | 6/1/13 (Prere.) | 20,000 | 23,090 |
Golden State Tobacco Securitization Corp. California | 4.500% | 6/1/27 | 27,090 | 24,467 |
Golden State Tobacco Securitization Corp. California | 5.000% | 6/1/33 | 15,000 | 12,354 |
Golden State Tobacco Securitization Corp. California | 5.000% | 6/1/35 (3) | 30,000 | 28,730 |
Golden State Tobacco Securitization Corp. California | 5.125% | 6/1/47 | 150 | 108 |
Golden State Tobacco Securitization Corp. California | 5.750% | 6/1/47 | 10,345 | 8,231 |
Grossmont CA Healthcare Dist. GO | 5.000% | 7/15/37 (2) | 17,270 | 17,396 |
Irvine CA USD Financing Auth. Special Tax | 5.000% | 9/1/38 (2) | 18,000 | 17,017 |
Kern County CA GO | 6.000% | 8/1/35 (12) | 2,500 | 2,807 |
Los Angeles CA Community College Dist. GO | 5.000% | 8/1/28 | 6,600 | 7,081 |
Los Angeles CA Community College Dist. GO | 6.000% | 8/1/33 | 10,000 | 11,480 |
Los Angeles CA Community College Dist. GO | 5.250% | 8/1/39 | 6,000 | 6,455 |
Los Angeles CA Dept. of Airports International Airport Rev. | 5.000% | 5/15/40 | 10,000 | 10,369 |
Los Angeles CA Dept. of Water & Power Rev. | 5.000% | 7/1/31 (4) | 12,500 | 13,092 |
Los Angeles CA Dept. of Water & Power Rev. | 5.375% | 7/1/38 | 4,000 | 4,360 |
Los Angeles CA Dept. of Water & Power Rev. | 5.000% | 7/1/39 | 5,000 | 5,292 |
Los Angeles CA Dept. of Water & Power Rev. | 5.000% | 7/1/39 (2) | 5,000 | 5,245 |
Los Angeles CA USD GO | 5.250% | 7/1/13 (Prere.) | 9,000 | 10,082 |
Los Angeles CA USD GO | 5.000% | 7/1/25 (4) | 6,980 | 7,542 |
Los Angeles CA USD GO | 5.000% | 7/1/25 (3) | 10,000 | 10,478 |
Los Angeles CA USD GO | 5.000% | 7/1/26 (4) | 7,435 | 7,988 |
Los Angeles CA USD GO | 5.000% | 7/1/26 (4) | 27,240 | 29,265 |
Los Angeles CA USD GO | 5.000% | 7/1/26 | 6,950 | 7,524 |
Los Angeles CA USD GO | 5.000% | 7/1/27 | 7,295 | 7,836 |
Los Angeles CA Wastewater System Rev. | 5.750% | 6/1/28 | 11,080 | 12,712 |
Los Angeles County CA Metro. Transp. Auth. Sales Tax Rev. | 5.000% | 7/1/20 | 18,885 | 22,445 |
M-S-R California Energy Auth. CP | 6.500% | 11/1/39 | 10,000 | 11,685 |
M-S-R California Energy Auth. Rev. | 7.000% | 11/1/34 | 2,500 | 3,066 |
M-S-R California Energy Auth. Rev. | 6.500% | 11/1/39 | 4,000 | 4,674 |
M-S-R California Public Power Agency Rev. (San Juan Project) | 6.125% | 7/1/13 (2) | 5,715 | 6,029 |
M-S-R California Public Power Agency Rev. (San Juan Project) | 6.750% | 7/1/20 (ETM) | 9,155 | 11,436 |
Metro. Water Dist. of Southern California Rev. | 5.000% | 7/1/35 | 5,000 | 5,386 |
88
Long-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Modesto CA Irrigation Dist. COP | 5.500% | 7/1/35 | 5,700 | 6,104 |
Modesto CA Irrigation Dist. Finance Auth. Rev. (Woodland Project) | 6.500% | 10/1/22 (ETM) | 20,225 | 25,400 |
Northern California Power Agency (Hydroelectric Project) | 5.000% | 7/1/19 (12) | 4,000 | 4,568 |
Palomar Pomerado Health System California GO | 0.000% | 8/1/38 (12) | 10,000 | 6,577 |
Pittsburg CA Redev. Agency Tax Allocation (Los Medanos Community Dev.) | 6.500% | 9/1/28 | 10,000 | 11,203 |
Riverside CA USD GO | 5.250% | 8/1/38 (12) | 11,475 | 11,994 |
Sacramento CA Financing Auth. Lease Rev. | 5.250% | 12/1/30 (2) | 24,145 | 25,311 |
Sacramento CA Muni. Util. Dist. Rev. | 6.500% | 9/1/13 (14) | 6,880 | 7,441 |
Sacramento CA Suburban Water Dist. COP VRDO | 0.250% | 11/5/10 LOC | 11,100 | 11,100 |
Sacramento County CA Airport Rev. | 6.000% | 7/1/41 | 10,500 | 11,469 |
San Bernardino County CA Medical Center COP | 6.875% | 8/1/24 (ETM) | 13,000 | 17,604 |
San Diego CA Community College Dist. GO | 5.000% | 8/1/30 (4) | 19,015 | 20,176 |
San Diego CA USD GO | 0.000% | 7/1/13 (14) | 7,160 | 6,825 |
San Diego CA USD GO | 5.500% | 7/1/22 (14) | 9,160 | 10,673 |
San Diego CA USD GO | 0.000% | 7/1/39 | 6,300 | 1,094 |
San Diego CA USD GO | 0.000% | 7/1/40 | 7,500 | 1,222 |
San Diego CA USD GO | 0.000% | 7/1/41 | 10,000 | 1,535 |
San Francisco CA City & County International Airport Rev. | 5.000% | 5/1/17 | 17,000 | 19,771 |
San Francisco CA City & County International Airport Rev. | 6.000% | 5/1/39 | 10,000 | 11,236 |
San Francisco CA City & County Public Util. Comm. Rev. | 4.500% | 11/1/31 (4) | 4,200 | 4,222 |
San Joaquin Hills CA Transp. Corridor Agency Toll Road Rev. | 0.000% | 1/15/25 (14) | 9,250 | 3,187 |
San Jose CA Redev. Agency | 5.000% | 8/1/20 (2) | 11,415 | 11,941 |
San Jose CA Redev. Agency | 5.000% | 8/1/27 (14) | 5,000 | 5,016 |
San Juan CA USD GO | 5.000% | 8/1/31 (13) | 10,000 | 10,350 |
San Mateo County CA Joint Powers Auth. Lease Rev. | 5.000% | 7/15/33 | 5,000 | 5,105 |
Santa Rosa CA Waste Water Rev. | 6.000% | 9/1/15 (4) | 4,285 | 4,731 |
Simi Valley CA School Financing Auth. Rev. | 5.000% | 8/1/27 (4) | 10,000 | 10,857 |
Southern California Public Power Auth. Rev. | 5.000% | 7/1/27 | 5,000 | 5,439 |
Southern California Public Power Auth. Rev. | 5.000% | 7/1/29 | 2,670 | 2,869 |
Southern California Public Power Auth. Rev. (Transmission Project) | 0.000% | 7/1/14 | 8,500 | 7,790 |
State Center California Community College Dist. GO | 5.000% | 8/1/31 (4) | 16,100 | 16,947 |
Tobacco Securitization Auth. Rev. (Northern California Tobacco Settlement) | 5.375% | 6/1/38 | 2,500 | 2,086 |
Tobacco Securitization Auth. Rev. (Southern California Tobacco Settlement) | 4.750% | 6/1/25 | 9,510 | 8,891 |
Ukiah CA Electric Rev. | 6.250% | 6/1/18 (14) | 5,370 | 5,874 |
Univ. of California Rev. | 4.500% | 5/15/31 (4) | 45,470 | 45,602 |
Univ. of California Rev. | 5.000% | 5/15/35 | 3,675 | 3,855 |
Ventura County CA Community College Dist. GO | 5.500% | 8/1/33 | 12,000 | 13,097 |
Victor Valley CA Community College Dist. | 6.000% | 8/1/39 | 12,000 | 13,076 |
Walnut CA Energy Center Auth. Rev. | 5.000% | 1/1/35 | 8,985 | 9,292 |
| | | | 1,414,625 |
Colorado (2.5%) | | | | |
Aurora CO COP | 5.000% | 12/1/27 | 3,675 | 3,993 |
Boulder, Larimer & Weld Counties CO St. Vrain Valley School Dist. | 5.000% | 12/15/28 | 6,210 | 6,804 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) | 5.500% | 7/1/34 | 5,000 | 5,385 |
1 Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) TOB VRDO | 0.290% | 11/1/10 (4) | 8,200 | 8,200 |
Colorado Springs CO Util. System Rev. | 5.375% | 11/15/16 (2) | 12,790 | 13,836 |
Colorado Springs CO Util. System Rev. | 5.375% | 11/15/17 (2) | 13,490 | 14,566 |
Colorado Springs CO Util. System Rev. | 5.000% | 11/15/43 | 12,725 | 12,955 |
Denver CO City & County Airport Rev. | 6.000% | 11/15/12 (14) | 7,000 | 7,687 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/13 (14) | 10,000 | 8,964 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/15 (14) | 5,795 | 4,713 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/16 (14) | 10,185 | 7,823 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/19 (14) | 13,000 | 8,178 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/20 (14) | 15,165 | 8,839 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/23 (14) | 35,275 | 16,679 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/25 (14) | 9,700 | 3,909 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/27 (14) | 13,425 | 4,617 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/28 (14) | 13,425 | 4,281 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/30 (14) | 16,500 | 4,524 |
Northwest Parkway Public Highway Auth. Colorado Convertible Rev. | 0.000% | 6/15/16 (Prere.) | 16,000 | 18,593 |
Northwest Parkway Public Highway Auth. Colorado Convertible Rev. | 0.000% | 6/15/16 (Prere.) | 15,000 | 17,317 |
Regional Transp. Dist. of Colorado Sales Tax Rev. | 6.000% | 1/15/41 | 8,500 | 8,959 |
Univ. of Colorado Enterprise System Rev. | 5.000% | 6/1/27 | 1,900 | 2,070 |
Univ. of Colorado Enterprise System Rev. | 5.750% | 6/1/28 | 1,000 | 1,158 |
Univ. of Colorado Enterprise System Rev. | 5.000% | 6/1/30 (4) | 8,000 | 8,549 |
| | | | 202,599 |
Connecticut (0.5%) | | | | |
Connecticut Dev. Auth. PCR (Connecticut Power & Light) | 5.850% | 9/1/28 | 10,000 | 10,250 |
Connecticut GO | 5.000% | 12/1/19 | 8,225 | 9,896 |
Connecticut GO | 5.000% | 12/1/20 | 10,000 | 11,849 |
89
Long-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Connecticut State Health & Educ. Fac. Auth. (Yale Univ.) | 5.000% | 7/1/42 | 2,835 | 3,005 |
Hartford CT Metro. Dist. GO | 5.000% | 7/15/33 | 1,925 | 2,079 |
| | | | 37,079 |
District of Columbia (0.3%) | | | | |
District of Columbia GO | 6.000% | 6/1/11 (ETM) | 3,085 | 3,188 |
District of Columbia Rev. (Georgetown Univ.) | 5.500% | 4/1/36 | 5,000 | 5,289 |
District of Columbia Water & Sewer Auth. Public Util. Rev. | 5.500% | 10/1/39 | 13,000 | 14,174 |
| | | | 22,651 |
Florida (7.8%) | | | | |
Alachua County FL Health Fac. Auth. Rev. (Shands Healthcare Project) | 1.069% | 12/1/10 | 10,000 | 6,023 |
Broward County FL School Board COP | 5.500% | 7/1/18 (4) | 10,000 | 10,397 |
Broward County FL School Board COP | 5.375% | 7/1/19 (4) | 4,000 | 4,105 |
Broward County FL Tax Rev. (Housing Project) | 5.250% | 10/1/36 | 15,000 | 15,806 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.500% | 6/1/14 | 7,500 | 8,121 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.000% | 6/1/15 | 20,000 | 21,485 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.000% | 6/1/16 | 6,000 | 6,433 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.250% | 6/1/17 | 6,000 | 6,476 |
Davie FL Water & Sewer Rev. | 6.375% | 10/1/12 (ETM) | 1,395 | 1,496 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.500% | 6/1/19 | 5,565 | 6,849 |
Florida Board of Educ. Public Educ. Capital Outlay | 5.000% | 6/1/34 | 2,695 | 2,891 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/16 (2) | 10,000 | 11,485 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/20 (14) | 13,770 | 15,554 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/22 (2) | 12,995 | 14,412 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/20 | 8,175 | 9,168 |
Florida Dept. of Environmental Protection & Preservation Rev. | 5.000% | 7/1/21 | 8,610 | 9,520 |
Florida Dept. of Transp. | 5.000% | 7/1/32 (4) | 10,000 | 10,615 |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.000% | 7/1/12 | 7,000 | 7,349 |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.000% | 7/1/13 | 7,000 | 7,476 |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.000% | 7/1/15 | 5,000 | 5,491 |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.000% | 7/1/16 | 5,000 | 5,499 |
Gainsville FL Util. System Rev. VRDO | 0.320% | 11/1/10 | 19,010 | 19,010 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/15 (Prere.) | 245 | 288 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/15 (Prere.) | 185 | 217 |
Highlands County FL Health Rev. (Adventist Health System) | 5.250% | 11/15/16 (Prere.) | 245 | 296 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/24 | 1,755 | 1,819 |
Highlands County FL Health Rev. (Adventist Health System) | 5.000% | 11/15/25 | 1,315 | 1,353 |
Highlands County FL Health Rev. (Adventist Health System) | 5.250% | 11/15/36 | 4,755 | 4,856 |
Hillsborough County FL Aviation Auth. Rev. (Tampa International Airport) | 5.000% | 10/1/18 (14) | 6,130 | 6,503 |
Hillsborough County FL Aviation Auth. Rev. (Tampa International Airport) | 5.000% | 10/1/19 (14) | 6,390 | 6,735 |
Hillsborough County FL IDA (Moffitt Cancer Center) | 5.250% | 7/1/27 | 4,085 | 4,130 |
Hillsborough County FL IDA (Tampa General Hosp. Project) | 5.250% | 10/1/41 | 9,745 | 9,700 |
Hillsborough County FL IDA (Univ. Community Hosp.) | 6.500% | 8/15/19 (14)(ETM) | 3,500 | 4,363 |
Hillsborough County FL School Board COP | 5.250% | 7/1/16 (14) | 13,300 | 15,276 |
Hillsborough County FL School Board COP (Master Lease Program) VRDO | 0.300% | 11/1/10 (14)LOC | 1,700 | 1,700 |
Jacksonville FL Captial Project Rev. VRDO | 0.650% | 11/5/10 LOC | 14,395 | 14,395 |
Jacksonville FL Electric Auth. Water & Sewer Rev. | 5.000% | 10/1/39 (4) | 3,150 | 3,151 |
Key West FL Util. Board Election Rev. | 5.000% | 10/1/31 (14) | 7,600 | 7,803 |
Lee Memorial Health System Florida Hosp. Rev. | 5.250% | 4/1/35 (14) | 28,000 | 28,059 |
Marion County FL Hosp. Dist. Rev. (Munroe Regional Health System) | 5.000% | 10/1/29 | 8,000 | 7,971 |
Miami FL GO | 5.500% | 1/1/12 (14)(Prere.) | 3,000 | 3,179 |
Miami FL GO | 5.500% | 1/1/12 (14)(Prere.) | 7,015 | 7,433 |
Miami-Dade County FL Aviation - Miami International Airport | 5.750% | 10/1/21 | 2,000 | 2,293 |
Miami-Dade County FL Aviation - Miami International Airport | 5.000% | 10/1/29 | 14,165 | 14,544 |
Miami-Dade County FL Aviation - Miami International Airport | 5.375% | 10/1/35 | 3,200 | 3,323 |
Miami-Dade County FL Aviation - Miami International Airport | 5.375% | 10/1/41 | 5,000 | 5,161 |
Miami-Dade County FL Educ. Fac. Auth. Rev. (Univ. of Miami) | 5.250% | 4/1/18 | 3,000 | 3,291 |
Miami-Dade County FL Educ. Fac. Auth. Rev. (Univ. of Miami) | 5.250% | 4/1/19 | 2,505 | 2,719 |
Miami-Dade County FL Expressway Auth. Toll System Rev. | 5.000% | 7/1/26 (2) | 17,240 | 18,178 |
Miami-Dade County FL Expressway Auth. Toll System Rev. | 5.000% | 7/1/40 | 6,500 | 6,614 |
Miami-Dade County FL School Board COP | 5.000% | 8/1/18 (2) | 5,000 | 5,540 |
Miami-Dade County FL School Board COP | 5.250% | 2/1/27 (12) | 5,000 | 5,424 |
Miami-Dade County FL School Board COP | 5.250% | 5/1/29 (12) | 5,850 | 6,242 |
Miami-Dade County FL School Board COP | 5.250% | 5/1/30 (12) | 12,500 | 13,280 |
Miami-Dade County FL Water & Sewer Rev. | 5.000% | 10/1/15 (4) | 10,000 | 11,673 |
Orange County FL Health Fac. Auth. Rev. (Nemours Foundation Project) | 5.000% | 1/1/39 | 5,265 | 5,450 |
Orange County FL School Board COP | 5.000% | 8/1/31 (14) | 9,000 | 9,253 |
Orlando & Orange County FL Expressway Auth. | 8.250% | 7/1/13 (14) | 9,695 | 11,394 |
Orlando & Orange County FL Expressway Auth. | 5.000% | 7/1/32 (4) | 10,000 | 10,302 |
Orlando FL Util. Comm. Util. System Rev. | 5.000% | 10/1/33 | 3,555 | 3,786 |
Palm Beach County FL Criminal Justice Fac. Rev. | 7.200% | 6/1/15 (14) | 4,000 | 4,950 |
Palm Beach County FL Public Improvement Rev. | 5.000% | 5/1/38 | 5,000 | 5,161 |
90
Long-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Palm Beach County FL Solid Waste Auth. Rev. | 5.500% | 10/1/28 | 20,000 | 21,778 |
Pasco County FL Water & Sewer Rev. | 5.000% | 10/1/36 (4) | 3,000 | 3,103 |
Polk County FL Public Fac. Rev. | 5.000% | 12/1/30 (14) | 17,835 | 18,375 |
Port St. Lucie FL Rev. | 6.250% | 9/1/27 (12) | 8,000 | 9,007 |
Port St. Lucie FL Special Assessment Rev. (Southwest Annexation Dist.) | 5.000% | 7/1/27 (14) | 6,405 | 6,419 |
Port St. Lucie FL Special Assessment Rev. (Southwest Annexation Dist.) | 5.000% | 7/1/33 (14) | 9,000 | 8,844 |
Port St. Lucie FL Util. Rev. | 5.000% | 9/1/35 (12) | 2,000 | 2,084 |
Port St. Lucie FL Util. Rev. | 5.250% | 9/1/35 (12) | 5,000 | 5,269 |
Putman County FL Auth. PCR PUT | 5.350% | 5/1/18 (2) | 4,300 | 4,761 |
Sarasota County FL Public Hosp. Rev. (Sarasota Memorial Hosp.) | 5.625% | 7/1/39 | 5,000 | 5,260 |
Seminole County FL School Board COP | 5.000% | 7/1/22 (4) | 1,990 | 2,109 |
South Miami FL Health Fac. Auth. Hosp. Rev. (Baptist Health South Florida Obligated Group) | 5.000% | 8/15/32 | 8,000 | 8,189 |
Sunrise FL Util. System Rev. | 5.500% | 10/1/18 (ETM) | 12,000 | 14,018 |
Tallahassee FL Health Fac. Rev. (Tallahassee Memorial Healthcare) | 6.375% | 12/1/30 | 6,000 | 6,003 |
Tampa FL Util. Rev. | 6.750% | 10/1/11 (2) | 9,965 | 10,486 |
Tampa FL Util. Rev. | 6.750% | 10/1/12 (2) | 10,635 | 11,757 |
| | | | 620,928 |
Georgia (3.0%) | | | | |
Atlanta GA Airport Fac. Rev. | 5.875% | 1/1/15 (14) | 7,750 | 7,854 |
Atlanta GA Airport Fac. Rev. | 5.875% | 1/1/17 (14) | 7,500 | 7,601 |
Atlanta GA Airport Fac. Rev. | 5.000% | 1/1/30 (4) | 8,285 | 8,548 |
Atlanta GA Airport Passenger Charge Rev. | 5.000% | 1/1/33 (4) | 10,020 | 10,235 |
Atlanta GA Water & Wastewater Rev. | 5.500% | 11/1/15 (4) | 8,500 | 9,816 |
Atlanta GA Water & Wastewater Rev. | 5.750% | 11/1/25 (4) | 4,450 | 5,289 |
Atlanta GA Water & Wastewater Rev. | 5.750% | 11/1/30 (4) | 14,250 | 16,625 |
Atlanta GA Water & Wastewater Rev. | 5.000% | 11/1/33 (14) | 31,425 | 31,939 |
Augusta GA Water & Sewer Rev. | 5.000% | 10/1/32 (4) | 18,900 | 19,218 |
Burke County GA Dev. Auth. PCR (Georgia Power Co. Plant Vogtle) PUT | 5.050% | 1/12/12 | 3,270 | 3,418 |
Burke County GA Dev. Auth. PCR (Oglethorpe Power Corp.) | 5.500% | 1/1/33 | 3,000 | 3,159 |
Dalton County GA Dev. Auth. (Hamilton Health Care System) | 5.500% | 8/15/26 (14) | 12,000 | 12,143 |
Fulton County GA COP | 6.000% | 11/1/10 (2)(Prere.) | 4,815 | 4,865 |
Henry County GA School Dist. GO | 6.450% | 8/1/11 (14) | 985 | 1,023 |
Macon-Bibb County GA Hosp. Auth. (Medical Center of Central Georgia) | 5.000% | 8/1/32 | 4,500 | 4,664 |
Macon-Bibb County GA Hosp. Auth. (Medical Center of Central Georgia) | 5.000% | 8/1/35 | 3,405 | 3,497 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/21 | 10,305 | 11,024 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.500% | 9/15/25 | 15,000 | 15,926 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.500% | 9/15/27 | 5,000 | 5,242 |
Metro. Atlanta GA Rapid Transp. Auth. Georgia Sales Tax Rev. | 6.250% | 7/1/18 | 12,170 | 14,340 |
Muni. Electric Auth. Georgia Rev. | 5.000% | 1/1/20 | 8,000 | 9,178 |
Muni. Electric Auth. Georgia Rev. (General Resolution Projects) | 5.250% | 1/1/19 | 5,000 | 5,853 |
Muni. Electric Auth. Georgia Rev. (General Resolution Projects) | 5.500% | 1/1/26 | 7,000 | 7,751 |
Muni. Electric Auth. Georgia Rev. (Project One Sub) | 5.250% | 1/1/18 | 7,000 | 8,181 |
Private Colleges & Univ. Auth. of Georgia Rev. (Emory Univ.) | 5.000% | 9/1/32 | 1,500 | 1,629 |
Private Colleges & Univ. Auth. of Georgia Rev. (Emory Univ.) | 5.000% | 9/1/35 | 1,000 | 1,075 |
Private Colleges & Univ. Auth. of Georgia Rev. (Mercer Univ.) | 6.500% | 11/1/15 (14)(ETM) | 5,000 | 5,881 |
| | | | 235,974 |
Hawaii (0.5%) | | | | |
Hawaii Dept. of Budget & Finance (Hawaii Electric Co. Inc.) | 4.950% | 4/1/12 (14) | 15,000 | 15,565 |
Honolulu HI City & County GO | 5.250% | 4/1/28 | 8,000 | 9,032 |
Honolulu HI City & County GO | 5.250% | 4/1/30 | 8,000 | 8,927 |
Univ. of Hawaii Rev. | 6.000% | 10/1/38 | 2,500 | 2,850 |
Univ. of Hawaii Univ. System Rev. | 5.500% | 7/15/12 (3)(Prere.) | 4,615 | 5,011 |
Univ. of Hawaii Univ. System Rev. | 5.500% | 7/15/12 (3)(Prere.) | 2,330 | 2,530 |
| | | | 43,915 |
Idaho (0.2%) | | | | |
Idaho Health Fac. Auth. Rev. (Trinity Health Group) | 6.250% | 12/1/33 | 6,000 | 6,727 |
Idaho Housing & Finance Assn. | 5.000% | 7/15/22 | 6,465 | 7,261 |
| | | | 13,988 |
Illinois (6.2%) | | | | |
Chicago IL (City Colleges Improvement) GO | 0.000% | 1/1/16 (14) | 8,500 | 7,228 |
Chicago IL Board of Educ. GO | 0.000% | 12/1/13 (2) | 5,000 | 4,712 |
Chicago IL Board of Educ. GO | 0.000% | 12/1/14 (2) | 5,000 | 4,567 |
2 Chicago IL Board of Educ. GO | 5.000% | 12/1/18 | 2,500 | 2,849 |
2 Chicago IL Board of Educ. GO | 5.000% | 12/1/19 | 2,500 | 2,832 |
Chicago IL GO | 5.500% | 1/1/11 (Prere.) | 245 | 250 |
Chicago IL GO | 0.000% | 1/1/16 (Prere.) | 7,010 | 8,232 |
Chicago IL GO | 0.000% | 1/1/16 (Prere.) | 3,695 | 4,341 |
Chicago IL GO | 0.000% | 1/1/16 (Prere.) | 7,985 | 9,395 |
Chicago IL GO | 0.000% | 1/1/20 (14) | 5,000 | 5,467 |
Chicago IL GO | 0.000% | 1/1/22 (14) | 5,000 | 5,393 |
Chicago IL GO | 5.000% | 12/1/22 | 3,230 | 3,554 |
91
Long-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Chicago IL GO | 0.000% | 1/1/24 (14) | 2,480 | 2,678 |
Chicago IL GO | 0.000% | 1/1/25 (14) | 1,305 | 1,405 |
Chicago IL GO | 5.250% | 1/1/26 | 5,000 | 5,328 |
Chicago IL GO | 0.000% | 1/1/28 (14) | 2,820 | 3,007 |
Chicago IL GO | 5.000% | 1/1/28 (4) | 7,500 | 7,786 |
Chicago IL GO | 5.000% | 1/1/34 (14) | 11,040 | 11,184 |
Chicago IL GO | 5.500% | 1/1/38 (14) | 6,490 | 6,591 |
Chicago IL GO VRDO | 0.270% | 11/1/10 | 7,930 | 7,930 |
Chicago IL Metro. Water Reclamation Dist. GO | 7.000% | 1/1/11 (ETM) | 7,125 | 7,200 |
Chicago IL O’Hare International Airport Rev. | 5.000% | 1/1/25 (4) | 21,525 | 22,813 |
Chicago IL O’Hare International Airport Rev. | 5.000% | 1/1/26 (4) | 17,600 | 18,530 |
Chicago IL Public Building Comm. GO | 7.000% | 1/1/20 (ETM) | 27,500 | 36,076 |
Chicago IL Sales Tax Rev. | 5.000% | 1/1/29 | 4,265 | 4,522 |
Chicago IL Skyway Toll Bridge | 5.500% | 1/1/11 (Prere.) | 8,750 | 8,916 |
Chicago IL Water Rev. | 5.750% | 11/1/30 (2) | 12,000 | 14,202 |
Illinois Finance Auth. Gas Supply Rev. (Peoples Gas Light & Coke) PUT | 2.125% | 7/1/14 | 2,875 | 2,894 |
Illinois Finance Auth. Rev. (Central Dupage Health) | 5.250% | 11/1/39 | 4,000 | 4,160 |
Illinois Finance Auth. Rev. (Central Dupage Health) VRDO | 0.270% | 11/1/10 | 22,085 | 22,085 |
Illinois Finance Auth. Rev. (Chicago Univ.) | 5.500% | 8/15/36 | 15,000 | 15,944 |
Illinois Finance Auth. Rev. (Childrens Memorial Hosp.) | 5.375% | 8/15/39 | 10,000 | 10,053 |
Illinois Finance Auth. Rev. (Northwestern Community Hosp.) | 5.375% | 7/1/33 | 3,000 | 3,169 |
Illinois Finance Auth. Rev. (OSF Healthcare System) | 7.000% | 11/15/29 | 15,000 | 17,009 |
Illinois Finance Auth. Rev. (OSF Healthcare System) | 5.750% | 11/15/37 | 4,000 | 4,100 |
Illinois Finance Auth. Rev. (OSF Healthcare System) | 6.000% | 5/15/39 | 6,500 | 6,857 |
Illinois Finance Auth. Rev. (Riverside Health System) | 6.250% | 11/15/35 | 4,600 | 4,911 |
Illinois Finance Auth. Rev. (Silver Cross & Medical Centers) | 7.000% | 8/15/44 | 16,000 | 17,855 |
Illinois Finance Auth. Rev. (Southern Illinois Healthcare) | 5.375% | 3/1/35 (4) | 8,500 | 8,890 |
Illinois Finance Auth. Rev. (Univ. of Chicago Medical Center) | 5.000% | 8/15/21 | 6,795 | 7,493 |
Illinois GO | 5.000% | 1/1/17 (4) | 20,000 | 21,977 |
Illinois GO | 5.000% | 1/1/18 (12) | 2,750 | 3,020 |
Illinois Regional Transp. Auth. Rev. | 7.200% | 11/1/20 (2) | 24,000 | 29,717 |
Illinois Sports Fac. Auth. Rev. | 0.000% | 6/15/30 (2) | 10,000 | 10,593 |
Illinois State Build Rev. | 5.000% | 6/15/17 | 3,000 | 3,453 |
Illinois State Build Rev. | 5.000% | 6/15/19 | 5,000 | 5,750 |
Illinois State Tollway Highway Auth. Toll Highway Rev. | 5.000% | 1/1/23 (4) | 7,095 | 7,603 |
Illinois State Tollway Highway Auth. Toll Highway Rev. | 5.000% | 1/1/23 (4) | 2,600 | 2,795 |
Illinois State Tollway Highway Auth. Toll Highway Rev. | 5.000% | 1/1/24 (4) | 3,465 | 3,703 |
Illinois State Tollway Highway Auth. Toll Highway Rev. | 5.500% | 1/1/33 | 20,000 | 21,620 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 0.000% | 12/15/14 (14) | 16,100 | 14,334 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 0.000% | 6/15/44 (4) | 10,000 | 1,279 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 5.250% | 6/15/50 | 12,000 | 12,199 |
Univ. of Illinois Univ. Rev. Auxiliary Fac. | 0.000% | 4/1/12 (14) | 5,795 | 5,700 |
Will County IL Community School Dist. | 0.000% | 11/1/13 (4)(ETM) | 10,000 | 9,654 |
| | | | 495,805 |
Indiana (1.0%) | | | | |
Indiana Finance Auth. Health System Rev. (Sisters St. Francis) | 5.250% | 11/1/39 | 5,000 | 5,207 |
Indiana Finance Auth. Rev. (Duke Energy Project) | 4.950% | 10/1/40 | 4,240 | 4,300 |
Indiana Finance Auth. Rev. (Wabash Valley Correctional Fac.) | 5.000% | 7/1/18 | 4,450 | 5,145 |
Indiana Finance Auth. Rev. (Wabash Valley Correctional Fac.) | 5.250% | 7/1/19 | 2,500 | 2,973 |
Indiana Health Fac. Auth. Finance Auth. Rev. (Clarian Health Obligation Group) | 5.000% | 2/15/39 | 8,045 | 7,750 |
Indiana Muni. Power Agency Rev. | 6.125% | 1/1/13 (14)(ETM) | 7,215 | 7,650 |
Indiana Muni. Power Agency Rev. | 5.750% | 1/1/34 | 8,000 | 8,655 |
Indiana Office Building Comm. Rev. (Capitol Complex) | 6.900% | 7/1/11 | 3,300 | 3,418 |
Indianapolis IN Local Public Improvement Rev. (Bank-Waterworks Project) | 5.750% | 1/1/38 | 10,000 | 10,889 |
Indianapolis IN Local Public Improvement Rev. (Bond Bank Infrastructure) | 5.000% | 1/1/28 (12) | 6,160 | 6,658 |
Indianapolis IN Local Public Improvement Rev. (Bond Bank Infrastructure) | 5.000% | 1/1/29 (12) | 6,245 | 6,720 |
Rockport IN PCR (Michigan Power Company) PUT | 6.250% | 6/2/14 | 8,250 | 9,228 |
| | | | 78,593 |
Iowa (0.1%) | | | | |
Iowa Finance Auth. Rev. (Iowa State Revolving Fund) | 5.000% | 8/1/28 | 5,000 | 5,522 |
Iowa State Special Obligation (Ijobs Program) | 5.000% | 6/1/38 | 5,000 | 5,370 |
| | | | 10,892 |
Kansas (0.4%) | | | | |
Burlington KS PCR (Kansas Gas & Electric Co.) | 4.850% | 6/1/31 (14) | 7,500 | 7,569 |
Kansas Dev. Finance Auth. Rev. | 5.000% | 1/1/40 | 5,000 | 5,141 |
Overland Park KS Convention Center & Hotel Project | 5.250% | 1/1/32 (2) | 20,000 | 18,667 |
| | | | 31,377 |
Kentucky (0.8%) | | | | |
Jefferson County KY Health Fac. Rev. (Jewish Hosp. Health) | 5.750% | 1/1/26 (2) | 3,000 | 3,002 |
Kentucky Asset/Liability Comm. General Fund Rev. | 0.712% | 11/1/10 (14) | 10,020 | 9,293 |
Kentucky Asset/Liability Comm. General Fund Rev. | 0.832% | 11/1/10 (14) | 24,180 | 19,802 |
92
Long-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Kentucky Econ. Dev. Finance Auth. Hosp. Fac. Rev. (Baptist Healthcare) | 5.375% | 8/15/24 | 5,000 | 5,513 |
Kentucky Property & Building Comm. Rev. | 5.375% | 8/1/16 (4) | 5,820 | 6,010 |
Kentucky Property & Building Comm. Rev. | 5.000% | 8/1/20 | 15,000 | 17,249 |
| | | | 60,869 |
Louisiana (1.8%) | | | | |
East Baton Rouge Parish LA Sales Tax Rev. | 5.000% | 8/1/25 (12) | 1,850 | 2,034 |
East Baton Rouge Parish LA Sales Tax Rev. | 5.125% | 8/1/26 (12) | 2,500 | 2,753 |
Louisiana Gasoline and Fuel Tax Rev. | 5.375% | 6/1/18 (2) | 5,000 | 5,307 |
Louisiana Gasoline and Fuel Tax Rev. | 5.000% | 5/1/23 (14) | 8,065 | 8,561 |
Louisiana Gasoline and Fuel Tax Rev. | 5.000% | 5/1/24 (14) | 6,880 | 7,265 |
Louisiana Gasoline and Fuel Tax Rev. | 5.000% | 5/1/25 (14) | 5,000 | 5,265 |
Louisiana Gasoline and Fuel Tax Rev. | 5.000% | 5/1/27 (10) | 5,000 | 5,268 |
Louisiana Gasoline and Fuel Tax Rev. | 5.000% | 5/1/28 (10) | 2,500 | 2,630 |
Louisiana GO | 5.000% | 10/15/11 (2) | 20,015 | 20,899 |
Louisiana GO | 5.500% | 5/15/14 (14) | 4,180 | 4,291 |
Louisiana Local Govt. Environment Fac. & Community Dev. Auth. Rev. (Women’s Hosp.) | 5.875% | 10/1/40 | 14,000 | 14,354 |
Louisiana Local Govt. Environment Fac. & Community Logistics Fac. Corp. | 5.000% | 10/1/22 | 4,000 | 4,434 |
Louisiana Public Fac. Auth. Rev. (Ochsner Clinic) | 5.375% | 5/15/43 | 10,000 | 9,782 |
New Orleans LA GO | 0.000% | 9/1/11 (2) | 10,475 | 10,172 |
New Orleans LA GO | 0.000% | 9/1/13 (2) | 9,000 | 8,049 |
New Orleans LA GO | 0.000% | 9/1/16 (2) | 5,785 | 4,405 |
Saint John Baptist Parish Louisiana Rev. (Marathon Oil Corp.) | 5.125% | 6/1/37 | 16,000 | 15,821 |
Tobacco Settlement Financing Corp. Louisiana Rev. | 5.875% | 5/15/39 | 13,000 | 13,117 |
| | | | 144,407 |
Maryland (0.6%) | | | | |
Maryland Econ. Dev. Corp. PCR (Potomac Electric Power Co.) | 6.200% | 9/1/22 | 4,000 | 4,705 |
Maryland Econ. Dev. Corp. Student Housing Rev. (Univ. of Maryland College Park) | 5.000% | 6/1/28 (11) | 2,000 | 2,013 |
Maryland Econ. Dev. Corp. Student Housing Rev. (Univ. of Maryland College Park) | 5.000% | 6/1/33 (11) | 4,250 | 4,216 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Medlantic/Helix) | 5.250% | 8/15/38 (2) | 13,475 | 14,271 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 7.000% | 7/1/22 (14) | 12,025 | 14,305 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Western Maryland Health) | 5.000% | 7/1/34 (14) | 2,900 | 2,925 |
3 Maryland State & Local Fac. Rev. | 5.000% | 2/15/15 | 3,295 | 3,836 |
| | | | 46,271 |
Massachusetts (4.8%) | | | | |
Massachusetts Bay Transp. Auth. Rev. | 7.000% | 3/1/21 | 15,000 | 18,596 |
Massachusetts Bay Transp. Auth. Rev. | 5.500% | 7/1/29 (14) | 3,085 | 3,768 |
Massachusetts Bay Transp. Auth. Rev. | 5.250% | 7/1/34 | 2,500 | 2,729 |
1 Massachusetts Bay Transp. Auth. Rev. TOB VRDO | 0.380% | 11/5/10 | 7,166 | 7,166 |
Massachusetts College Building Auth. Rev. | 0.000% | 5/1/17 (ETM) | 7,460 | 6,515 |
Massachusetts College Building Auth. Rev. | 5.000% | 5/1/35 | 2,500 | 2,661 |
Massachusetts Dept. of Transp. Metro Highway System Rev. | 5.000% | 1/1/26 | 8,000 | 8,692 |
Massachusetts Dept. of Transp. Metro Highway System Rev. | 5.000% | 1/1/27 | 8,000 | 8,634 |
Massachusetts Dept. of Transp. Metro Highway System Rev. | 5.000% | 1/1/35 | 5,000 | 5,333 |
Massachusetts Dept. of Transp. Metro Highway System Rev. VRDO | 0.240% | 11/5/10 LOC | 31,850 | 31,850 |
Massachusetts Dev. Finance Agency Rev. (Commonwealth Contract Assistance) | 5.500% | 2/1/40 | 10,000 | 11,134 |
Massachusetts GO | 0.882% | 11/1/10 (13)(3) | 20,000 | 16,079 |
Massachusetts GO | 5.500% | 11/1/12 (Prere.) | 14,155 | 15,533 |
Massachusetts GO | 5.500% | 11/1/12 (Prere.) | 19,275 | 21,152 |
Massachusetts GO | 5.500% | 8/1/20 | 1,000 | 1,234 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Boston Medical Center) | 5.750% | 7/1/31 | 20,000 | 20,270 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Caritas Christi Obligated Group) | 5.700% | 7/1/15 | 6,535 | 6,550 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Lahey Clinic Medical Center) | 5.000% | 8/15/30 (14) | 7,460 | 7,513 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Massachusetts General Hosp.) | 6.250% | 7/1/12 (2) | 6,420 | 6,661 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) PUT | 4.125% | 2/16/12 | 6,000 | 6,196 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) PUT | 4.100% | 4/19/12 | 2,000 | 2,079 |
Massachusetts Muni. Wholesale Electric Co. Power System Rev. | 5.250% | 7/1/14 (14) | 11,135 | 11,618 |
Massachusetts School Building Auth. Dedicated Sales Tax Rev. | 5.000% | 8/15/24 (4) | 7,755 | 8,571 |
Massachusetts School Building Auth. Dedicated Sales Tax Rev. | 5.000% | 8/15/25 (4) | 17,055 | 18,784 |
Massachusetts School Building Auth. Dedicated Sales Tax Rev. | 5.000% | 8/15/30 (4) | 18,630 | 19,715 |
Massachusetts School Building Auth. Dedicated Sales Tax Rev. | 5.000% | 8/15/37 (2) | 10,775 | 11,384 |
Massachusetts Special Obligation Dedicated Tax Rev. | 5.250% | 1/1/14 (Prere.) | 7,295 | 8,256 |
Massachusetts Special Obligation Dedicated Tax Rev. | 5.750% | 1/1/14 (Prere.) | 10,000 | 11,473 |
Massachusetts Special Obligation Dedicated Tax Rev. | 5.500% | 1/1/27 (14) | 7,190 | 8,170 |
Massachusetts Water Pollution Abatement Trust | 5.250% | 8/1/26 | 4,790 | 5,831 |
Massachusetts Water Resources Auth. Rev. | 6.500% | 7/15/19 (ETM) | 20,000 | 24,574 |
Massachusetts Water Resources Auth. Rev. | 5.000% | 8/1/30 | 4,000 | 4,447 |
Massachusetts Water Resources Auth. Rev. | 5.000% | 8/1/31 (2) | 21,000 | 22,313 |
Massachusetts Water Resources Auth. Rev. | 5.000% | 8/1/35 (14) | 12,000 | 12,689 |
Massachusetts Water Resources Auth. Rev. | 5.000% | 8/1/35 | 5,000 | 5,434 |
| | | | 383,604 |
93
Long-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Michigan (2.2%) | | | | |
Detroit MI GO | 5.000% | 4/1/15 (12) | 2,875 | 3,013 |
Detroit MI GO | 5.000% | 4/1/16 (12) | 3,015 | 3,204 |
Detroit MI GO | 5.000% | 4/1/17 (12) | 3,170 | 3,365 |
Detroit MI Sewer System Rev. | 5.125% | 7/1/15 (Prere.) | 3,970 | 4,684 |
Detroit MI Sewer System Rev. | 5.500% | 7/1/29 (14) | 13,000 | 13,568 |
Detroit MI Water Supply System Rev. | 7.000% | 7/1/36 (4) | 5,500 | 6,439 |
Michigan Building Auth. Rev. | 5.500% | 10/15/11 (Prere.) | 310 | 325 |
Michigan Building Auth. Rev. | 5.500% | 10/15/16 | 5,190 | 5,399 |
Michigan GO | 5.250% | 9/15/26 (4) | 14,000 | 15,043 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) | 5.000% | 11/15/20 | 8,585 | 9,654 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) PUT | 5.000% | 11/1/12 | 2,500 | 2,698 |
Michigan Hosp. Finance Auth. Rev. (Henry Ford Health System) | 5.750% | 11/15/39 | 5,000 | 5,171 |
Michigan Hosp. Finance Auth. Rev. (Henry Ford Health System) | 5.250% | 11/15/46 | 14,000 | 13,973 |
Michigan Hosp. Finance Auth. Rev. (MidMichigan Obligated Group) | 6.125% | 6/1/39 | 9,000 | 9,706 |
Michigan Muni. Bond Auth. Rev. (Clean Water Revolving Fund) | 5.000% | 10/1/24 | 13,085 | 14,383 |
Michigan State Univ. Rev. | 5.000% | 2/15/40 | 10,000 | 10,729 |
Michigan Tobacco Settlement Financing Auth. Rev. | 5.250% | 6/1/22 | 4,625 | 4,334 |
Michigan Tobacco Settlement Financing Auth. Rev. | 6.000% | 6/1/34 | 10,675 | 8,966 |
Michigan Tobacco Settlement Financing Auth. Rev. | 6.875% | 6/1/42 | 20,000 | 20,086 |
Michigan Tobacco Settlement Financing Auth. Rev. | 6.000% | 6/1/48 | 4,445 | 3,534 |
Royal Oak Hosp. Finance Auth. MI (Beaumont Hosp.) | 6.000% | 8/1/39 | 8,000 | 8,285 |
Univ. of Michigan Univ. Rev. | 5.000% | 4/1/18 | 6,950 | 8,342 |
| | | | 174,901 |
Minnesota (0.2%) | | | | |
Minneapolis MN Health Care System (Fairview Health Services) | 6.750% | 11/15/32 | 4,250 | 4,846 |
Univ. of Minnesota Rev. | 5.125% | 4/1/34 | 1,250 | 1,354 |
Univ. of Minnesota Rev. | 5.000% | 8/1/35 | 10,300 | 11,150 |
| | | | 17,350 |
Mississippi (0.3%) | | | | |
Mississippi Dev. Bank Special Obligation Muni. Energy Agency Rev. | 5.000% | 3/1/36 (10) | 10,000 | 9,879 |
Warren County MS Gulf Opportunity Zone Rev. (International Paper Co. Project) | 6.500% | 9/1/32 | 10,000 | 11,003 |
| | | | 20,882 |
Missouri (0.9%) | | | | |
Kansas City MO Special Obligation VRDO | 0.280% | 11/5/10 LOC | 7,600 | 7,600 |
Missouri Dev. Finance Board Cultural Fac. Rev. (Nelson Gallery Foundation) VRDO | 0.270% | 11/1/10 | 10,650 | 10,650 |
Missouri Dev. Finance Board Cultural Fac. Rev. (Nelson Gallery Foundation) VRDO | 0.270% | 11/1/10 | 3,940 | 3,940 |
Missouri Dev. Finance Board Infrastructure Fac. Branson Landing Rev. | 5.000% | 6/1/35 | 11,660 | 11,074 |
Missouri Health & Educ. Fac. Auth. (Washington Univ.) | 5.375% | 3/15/39 | 8,000 | 8,820 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (Cox Health) | 5.250% | 11/15/29 | 2,250 | 2,296 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (Cox Health) | 5.500% | 11/15/33 | 3,500 | 3,596 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (Lester Cox Medical Center) | 5.250% | 6/1/15 (14) | 5,000 | 5,538 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (St. Luke’s Episcopal - Presbyterian Hosp.) | 5.500% | 12/1/16 (4) | 4,195 | 4,309 |
Missouri Joint. Muni. Electric Util. Comm. Power Project Rev. | 5.750% | 1/1/29 | 5,000 | 5,285 |
Missouri Joint. Muni. Electric Util. Comm. Power Project Rev. (Prairie Project) | 5.000% | 1/1/27 (12) | 5,535 | 5,792 |
St. Louis MO Special Obligation | 5.000% | 12/1/19 | 4,045 | 4,812 |
| | | | 73,712 |
Nebraska (0.2%) | | | | |
Central Plains Energy Project Nebraska Gas Project No. 1 | 5.250% | 12/1/20 | 5,000 | 5,294 |
Municipal Energy Agency NE Power Supply System Rev. | 5.375% | 4/1/39 (13) | 3,000 | 3,252 |
Omaha NE Public Power Dist. Electric Rev. | 5.500% | 2/1/39 | 5,000 | 5,484 |
| | | | 14,030 |
Nevada (0.9%) | | | | |
Clark County NV GO | 6.500% | 6/1/17 (2) | 5,000 | 6,227 |
Clark County NV School Dist. GO | 5.000% | 6/15/19 (14) | 12,590 | 13,746 |
Clark County NV School Dist. GO | 5.000% | 6/15/19 (14) | 9,155 | 10,067 |
Henderson NV Health Care Fac. Rev. (Catholic Healthcare West) | 5.625% | 7/1/24 | 2,000 | 2,090 |
Henderson NV Health Care Fac. Rev. (Catholic Healthcare West) | 5.250% | 7/1/31 | 11,710 | 12,014 |
Las Vegas Valley Water Dist. Nevada GO | 5.000% | 2/1/31 | 2,125 | 2,222 |
Las Vegas Valley Water Dist. Nevada GO | 5.000% | 2/1/32 | 2,305 | 2,403 |
Nevada Highway Improvement Rev. (Motor Vehicle Fuel Tax) | 5.000% | 12/1/23 (4) | 5,000 | 5,435 |
Nevada Highway Improvement Rev. (Motor Vehicle Fuel Tax) | 5.000% | 12/1/25 (4) | 10,255 | 11,031 |
Truckee Meadows NV Water Auth. Rev. | 5.500% | 7/1/11 (4)(Prere.) | 5,000 | 5,176 |
| | | | 70,411 |
New Hampshire (0.0%) | | | | |
New Hampshire Health & Educ. Fac. Auth. Rev. (Dartmouth College) | 6.000% | 8/1/38 | 2,400 | 2,586 |
|
New Jersey (5.4%) | | | | |
Atlantic County NJ Public Fac. COP | 7.400% | 3/1/12 (14) | 4,335 | 4,708 |
Hoboken-Union City-Weehawken NJ Sewerage Auth. Rev. | 6.250% | 8/1/14 (14) | 10,185 | 11,518 |
94
Long-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Hoboken-Union City-Weehawken NJ Sewerage Auth. Rev. | 6.250% | 8/1/15 (14) | 10,820 | 12,465 |
New Jersey Econ. Dev. Auth. Rev. (Cigarette Tax) | 5.500% | 6/15/24 | 10,000 | 10,010 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.500% | 12/15/19 (2) | 25,000 | 29,359 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.000% | 3/1/20 (2) | 6,515 | 7,001 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.250% | 12/15/20 (2) | 25,000 | 28,897 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.500% | 9/1/26 (2) | 10,000 | 11,517 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) | 5.500% | 9/1/27 (14) | 9,000 | 10,319 |
New Jersey Econ. Dev. Auth. Rev. (School Fac.) PUT | 5.000% | 9/1/15 (4) | 22,000 | 24,877 |
New Jersey Educ. Fac. Auth. Rev. | 5.500% | 9/1/36 | 5,000 | 5,403 |
New Jersey Educ. Fac. Auth. Rev. (Higher Education Trust Fund) | 5.000% | 9/1/19 (4) | 3,285 | 3,583 |
New Jersey Educ. Fac. Auth. Rev. (Univ. Medical & Dentistry) | 5.250% | 12/1/12 | 5,830 | 6,165 |
New Jersey Educ. Fac. Auth. Rev. (Univ. Medical & Dentistry) | 7.500% | 12/1/32 | 7,250 | 8,415 |
New Jersey GO | 5.000% | 8/15/20 | 5,000 | 5,879 |
New Jersey Health Care Fac. Financing Auth. Rev. (St. Barnabas Health Care System) | 5.250% | 7/1/15 (14) | 3,795 | 3,795 |
New Jersey Health Care Fac. Financing Auth. Rev. (Virtua Health) | 5.250% | 7/1/14 (4) | 10,685 | 10,740 |
New Jersey Health Care Fac. Financing Auth. Rev. (Virtua Health) | 5.750% | 7/1/33 | 8,190 | 8,760 |
New Jersey Housing & Mortgage Finance Agency Rev. | 6.500% | 10/1/38 | 1,875 | 2,029 |
New Jersey Sports & Exposition Auth. Rev. | 6.500% | 3/1/13 (14) | 1,645 | 1,764 |
New Jersey Sports & Exposition Auth. Rev. | 6.500% | 3/1/13 (4)(ETM) | 875 | 941 |
New Jersey Sports & Exposition Auth. Rev. | 6.500% | 3/1/13 (4) | 165 | 177 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.500% | 12/15/15 (14) | 3,200 | 3,733 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.500% | 12/15/17 (4) | 7,000 | 8,307 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.500% | 12/15/21 (14) | 21,875 | 25,294 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.500% | 12/15/21 | 36,000 | 42,344 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.250% | 12/15/22 (2) | 18,500 | 20,900 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.250% | 12/15/23 (2) | 5,560 | 6,259 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/25 (2) | 15,000 | 7,044 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/27 | 15,000 | 6,164 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/28 | 23,000 | 8,786 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.500% | 12/15/38 (12) | 8,000 | 8,855 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/39 | 20,000 | 3,677 |
New Jersey Turnpike Auth. Rev. | 6.500% | 1/1/16 (ETM) | 270 | 338 |
New Jersey Turnpike Auth. Rev. | 6.500% | 1/1/16 (14) | 790 | 957 |
New Jersey Turnpike Auth. Rev. | 6.500% | 1/1/16 (ETM) | 3,940 | 4,502 |
New Jersey Turnpike Auth. Rev. | 0.000% | 1/1/35 (2) | 34,500 | 28,697 |
New Jersey Turnpike Auth. Rev. | 5.250% | 1/1/40 | 3,000 | 3,240 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 4.625% | 6/1/26 | 14,500 | 12,726 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 5.000% | 6/1/29 | 19,500 | 16,556 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 5.750% | 6/1/32 (Prere.) | 8,530 | 9,062 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 4.750% | 6/1/34 | 3,500 | 2,577 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 5.000% | 6/1/41 | 4,605 | 3,303 |
| | | | 431,643 |
New Mexico (0.4%) | | | | |
New Mexico Finance Auth. Transp. Rev. | 5.250% | 6/15/14 (14)(Prere.) | 10,000 | 11,524 |
New Mexico Finance Auth. Transp. Rev. | 5.000% | 6/15/20 | 6,250 | 7,461 |
New Mexico Hosp. Equipment Loan Council Hosp. System Rev. (Presbyterian Healthcare Services) | 5.500% | 8/1/11 (Prere.) | 10,000 | 10,484 |
New Mexico Hosp. Equipment Loan Council Hosp. System Rev. (Presbyterian Healthcare Services) | 5.000% | 8/1/39 | 6,500 | 6,643 |
| | | | 36,112 |
New York (9.6%) | | | | |
Brooklyn NY Local Dev. Corp. Rev. (Brooklyn Arena) | 6.375% | 7/15/43 | 6,000 | 6,517 |
Erie County NY IDA School Fac. Rev. GO | 5.750% | 5/1/26 (4) | 4,200 | 4,544 |
Hudson Yards Infrastructure Corp. New York Rev. | 4.500% | 2/15/47 (14) | 14,075 | 13,442 |
Liberty NY Dev. Corp. Rev. (Goldman Sachs Headquarters) | 5.250% | 10/1/35 | 10,000 | 10,450 |
Long Island NY Power Auth. Electric System Rev. | 0.000% | 6/1/13 (4) | 11,000 | 10,676 |
Metro. New York Transp. Auth. Rev. | 5.250% | 11/15/20 (12) | 8,415 | 10,081 |
Metro. New York Transp. Auth. Rev. | 4.500% | 11/15/38 | 8,720 | 8,583 |
Metro. New York Transp. Auth. Rev. (Dedicated Petroleum Tax) | 5.000% | 11/15/34 | 3,750 | 3,991 |
Nassau County NY Tobacco Settlement Corp. | 5.000% | 6/1/35 | 6,355 | 5,470 |
New York City NY GO | 5.000% | 3/1/17 | 10,135 | 11,777 |
New York City NY GO | 5.000% | 8/1/17 | 10,000 | 11,679 |
New York City NY GO | 5.000% | 8/1/19 | 30,000 | 34,920 |
New York City NY GO | 5.000% | 8/1/19 | 2,000 | 2,328 |
New York City NY GO | 5.000% | 8/1/20 | 5,450 | 6,292 |
New York City NY GO | 5.000% | 8/1/21 | 6,000 | 6,907 |
New York City NY GO | 5.125% | 12/1/23 | 12,875 | 14,214 |
New York City NY GO | 5.000% | 8/1/24 | 5,000 | 5,433 |
New York City NY GO | 5.000% | 8/1/25 | 5,000 | 5,498 |
New York City NY GO | 5.000% | 5/15/26 | 4,000 | 4,372 |
New York City NY GO | 5.000% | 8/1/27 | 10,000 | 10,902 |
New York City NY Health & Hosp. Corp. Rev. (Health System) | 5.000% | 2/15/30 | 6,000 | 6,356 |
New York City NY IDA (Yankee Stadium) | 0.000% | 3/1/20 (12) | 8,400 | 5,634 |
95
Long-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
New York City NY IDA (Yankee Stadium) | 0.000% | 3/1/22 (12) | 4,585 | 2,741 |
New York City NY IDA (Yankee Stadium) | 0.000% | 3/1/24 (12) | 9,670 | 5,170 |
New York City NY IDA (Yankee Stadium) | 0.000% | 3/1/25 (12) | 5,000 | 2,522 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.000% | 6/15/27 | 5,000 | 5,535 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.000% | 6/15/31 | 10,000 | 10,926 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.000% | 6/15/32 | 15,000 | 16,048 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.250% | 6/15/32 | 7,500 | 8,270 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.000% | 6/15/35 | 7,000 | 7,273 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.000% | 6/15/35 | 7,500 | 8,014 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.000% | 6/15/36 | 28,700 | 30,340 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.000% | 6/15/37 | 10,000 | 10,649 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.000% | 6/15/37 | 5,000 | 5,302 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.000% | 6/15/39 | 5,000 | 5,139 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.250% | 6/15/40 | 15,500 | 16,889 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 8/1/26 | 7,000 | 7,523 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 1/15/28 | 12,000 | 12,807 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 11/1/30 | 11,780 | 12,694 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 1/15/34 | 20,000 | 21,113 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 5/1/34 | 7,000 | 7,500 |
New York State Dormitory Auth. Rev. (Mental Health Svcs. Fac.) | 5.000% | 8/15/19 | 3,800 | 4,394 |
New York State Dormitory Auth. Rev. (New York Univ.) | 5.750% | 7/1/27 (14) | 10,000 | 12,332 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 2/15/19 | 5,000 | 5,875 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 6/15/19 | 9,765 | 11,497 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 6/15/20 | 10,000 | 11,592 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 12/15/23 | 5,000 | 5,571 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/24 (2) | 10,000 | 10,865 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/28 | 9,750 | 10,685 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 12/15/31 | 7,500 | 8,102 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 2/15/39 | 10,100 | 10,711 |
New York State Dormitory Auth. Rev. (Sloan-Kettering Cancer Center) | 5.750% | 7/1/20 (14) | 7,500 | 9,021 |
New York State Dormitory Auth. Rev. (State Univ.) | 7.500% | 5/15/11 | 5,575 | 5,782 |
New York State Dormitory Auth. Rev. Non State Supported Debt (Muni. Fac. Health) | 5.000% | 1/15/19 | 4,000 | 4,511 |
New York State Dormitory Auth. Rev. Non State Supported Debt (New York Univ.) | 5.000% | 7/1/38 | 5,000 | 5,280 |
New York State GO | 5.000% | 2/1/30 | 3,385 | 3,719 |
New York State Housing Finance Agency Rev. (Nursing Home & Health Care) | 4.900% | 11/1/10 (14) | 2,960 | 2,960 |
New York State Local Govt. Assistance Corp. VRDO | 0.280% | 11/5/10 | 22,000 | 22,000 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/16 (14) | 11,135 | 12,848 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.500% | 4/1/20 (2) | 5,000 | 6,037 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.000% | 4/1/27 | 5,000 | 5,432 |
New York State Thruway Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/30 | 8,000 | 8,763 |
New York State Urban Dev. Corp. Rev. | 5.000% | 1/1/23 | 7,785 | 8,531 |
New York State Urban Dev. Corp. Rev. | 5.625% | 1/1/28 | 7,385 | 8,192 |
New York State Urban Dev. Corp. Rev. (Personal Income Tax) | 5.000% | 12/15/21 | 10,000 | 11,495 |
New York State Urban Dev. Corp. Rev. (Personal Income Tax) GO | 5.500% | 3/15/25 (14) | 1,965 | 2,426 |
New York State Urban Dev. Corp. Rev. (Service Contract) | 5.000% | 1/1/16 | 8,395 | 9,693 |
Suffolk County NY Water Auth. Rev. | 5.750% | 6/1/13 (ETM) | 7,345 | 7,664 |
Suffolk NY Tobacco Asset Securitization Corp. Rev. | 0.000% | 6/1/44 | 5,500 | 4,710 |
Suffolk NY Tobacco Asset Securitization Corp. Rev. | 6.000% | 6/1/48 | 4,000 | 3,762 |
Tobacco Settlement Financing Corp. New York Rev. | 5.500% | 6/1/14 | 11,485 | 11,528 |
Tobacco Settlement Financing Corp. New York Rev. | 5.500% | 6/1/15 | 20,000 | 20,075 |
Tobacco Settlement Financing Corp. New York Rev. | 5.500% | 6/1/18 | 15,410 | 16,303 |
Tobacco Settlement Financing Corp. New York Rev. | 5.500% | 6/1/20 | 12,565 | 13,669 |
Tobacco Settlement Financing Corp. New York Rev. | 5.250% | 6/1/21 (2) | 12,000 | 12,954 |
Tobacco Settlement Financing Corp. New York Rev. | 5.250% | 6/1/22 (2) | 5,000 | 5,364 |
Triborough Bridge & Tunnel Auth. New York Rev. | 5.250% | 11/15/17 | 5,000 | 5,422 |
Triborough Bridge & Tunnel Auth. New York Rev. | 5.500% | 11/15/20 (14) | 10,000 | 12,155 |
Triborough Bridge & Tunnel Auth. New York Rev. | 6.125% | 1/1/21 (ETM) | 6,565 | 8,587 |
Triborough Bridge & Tunnel Auth. New York Rev. | 5.000% | 11/15/28 | 15,000 | 16,444 |
Triborough Bridge & Tunnel Auth. New York Rev. | 5.250% | 11/15/38 | 12,500 | 13,545 |
| | | | 767,017 |
North Carolina (1.7%) | | | | |
Charlotte NC Water & Sewer System Rev. | 5.000% | 7/1/33 | 15,000 | 16,585 |
Charlotte NC Water & Sewer System Rev. | 5.000% | 7/1/38 | 7,430 | 8,127 |
Charlotte-Mecklenberg NC Hosp. Auth. Rev. (Healthcare System Rev.) | 5.250% | 1/15/39 | 2,500 | 2,650 |
Charlotte-Mecklenberg NC Hosp. Auth. Rev. (Healthcare System Rev.) | 5.000% | 1/15/47 | 3,300 | 3,380 |
Charlotte-Mecklenberg NC Hosp. Auth. Rev. (Healthcare System Rev.) VRDO | 0.320% | 11/5/10 (4) | 12,625 | 12,625 |
New Hanover County NC Hosp. Rev. (New Hanover Regional Medical Center) | 5.125% | 10/1/31 (4) | 2,500 | 2,640 |
North Carolina Capital Fac. Finance Agency Rev. (Duke Univ.) | 5.000% | 10/1/38 | 9,140 | 9,754 |
1 North Carolina Capital Fac. Finance Agency Rev. (Duke Univ.) TOB VRDO | 0.280% | 11/1/10 | 1,200 | 1,200 |
North Carolina Capital Fac. Financial Solid Waste Disposal Rev. (Duke Energy) | 4.625% | 11/1/40 | 11,000 | 10,704 |
North Carolina Eastern Muni. Power Agency Rev. | 5.000% | 1/1/23 | 5,000 | 5,377 |
North Carolina Eastern Muni. Power Agency Rev. | 5.000% | 1/1/26 | 5,000 | 5,342 |
96
Long-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
North Carolina Eastern Muni. Power Agency Rev. | 5.500% | 1/1/26 | 3,000 | 3,309 |
North Carolina Medical Care Comm. Health Care Fac. Rev. | | | | |
(Deerfield Episcopal Retirement Community) | 6.125% | 11/1/38 | 2,500 | 2,537 |
North Carolina Medical Care Comm. Hosp. (North Carolina Baptist Hosp.) | 5.250% | 6/1/29 | 10,000 | 10,797 |
North Carolina Medical Care Comm. Hosp. Rev. (Mission St. Joseph’s Health System) | 5.125% | 10/1/28 (14) | 5,005 | 5,009 |
North Carolina Muni. Power Agency Rev. | 5.250% | 1/1/16 | 10,000 | 11,557 |
North Carolina Muni. Power Agency Rev. | 5.250% | 1/1/17 | 15,000 | 17,466 |
North Carolina Muni. Power Agency Rev. | 5.250% | 1/1/20 | 4,000 | 4,568 |
Winston-Salem NC Water & Sewer System Rev. | 5.500% | 6/1/11 (Prere.) | 1,220 | 1,270 |
Winston-Salem NC Water & Sewer System Rev. | 5.500% | 6/1/16 | 1,780 | 1,847 |
| | | | 136,744 |
Ohio (3.6%) | | | | |
Allen County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.250% | 9/1/27 | 10,000 | 10,931 |
Allen County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) VRDO | 0.270% | 11/1/10 LOC | 10,100 | 10,100 |
American Muni. Power Ohio Inc. Rev. (Prairie State Energy Campus Project) | 5.000% | 2/15/38 | 8,000 | 8,161 |
Buckeye OH Tobacco Settlement Financing Corp. Rev. | 5.125% | 6/1/24 | 55,550 | 48,360 |
Buckeye OH Tobacco Settlement Financing Corp. Rev. | 5.875% | 6/1/30 | 35,105 | 29,452 |
Buckeye OH Tobacco Settlement Financing Corp. Rev. | 5.750% | 6/1/34 | 5,500 | 4,366 |
Buckeye OH Tobacco Settlement Financing Corp. Rev. | 5.875% | 6/1/47 | 12,060 | 9,183 |
Cincinnati OH City School Dist. Improvement GO | 5.000% | 12/15/32 (4) | 12,000 | 12,579 |
Cleveland-Cuyahoga County OH Port Auth. Rev. (Carnegie/89th Garage) VRDO | 0.250% | 11/5/10 LOC | 20,690 | 20,690 |
Franklin County OH Hosp. Rev. (Nationwide Hosp.) VRDO | 0.240% | 11/5/10 | 16,425 | 16,425 |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.625% | 10/1/16 | 3,000 | 3,147 |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.625% | 10/1/17 | 2,260 | 2,368 |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.400% | 10/1/21 | 8,000 | 8,228 |
Middletown OH City School Dist. GO | 5.000% | 12/1/25 (4) | 4,715 | 5,093 |
Middletown OH Hosp. Fac. Rev. (Atrium Medical Center) VRDO | 0.260% | 11/5/10 LOC | 19,430 | 19,430 |
Ohio Air Quality Dev. Auth. PCR (FirstEnergy) | 5.700% | 2/1/14 | 3,000 | 3,314 |
Ohio Building Auth. Rev. | 5.000% | 10/1/20 | 8,600 | 10,066 |
Ohio Common Schools GO | 5.000% | 3/15/13 (Prere.) | 7,020 | 7,742 |
Ohio Higher Educ. Fac. Comm. Rev. (Univ. Hosp. Health System) | 5.250% | 1/15/46 | 10,000 | 10,137 |
Ohio Housing Finance Agency Mortgage Rev. | 5.250% | 9/1/28 | 3,020 | 3,210 |
Ohio State Hosp. Rev. (Cleveland Clinic Health System Obligated Group) | 5.500% | 1/1/39 | 10,000 | 10,769 |
Ohio State Hosp. Rev. (Cleveland Clinic Health System Obligated Group) | 5.500% | 1/1/39 | 3,250 | 3,500 |
Ohio Water Dev. Auth. Rev. | 5.000% | 12/1/19 | 6,530 | 7,810 |
Scioto County OH Hosp. Rev. (Southern Ohio Medical Center) | 5.750% | 2/15/38 | 3,500 | 3,611 |
Univ. of Akron OH General Receipts Rev. | 5.000% | 1/1/25 (4) | 3,010 | 3,268 |
Univ. of Akron OH General Receipts Rev. | 5.000% | 1/1/27 (4) | 5,000 | 5,349 |
Univ. of Akron OH General Receipts Rev. | 5.000% | 1/1/38 (4) | 7,175 | 7,482 |
Univ. of Toledo OH General Receipts VRDO | 0.310% | 11/1/10 LOC | 2,300 | 2,300 |
| | | | 287,071 |
Oklahoma (0.1%) | | | | |
Oklahoma Dev. Finance Auth. Rev. (Public Service Co.) | 5.250% | 6/1/14 | 3,300 | 3,625 |
Tulsa County OK Ind. Auth. Rev. (St. Francis Health System) | 5.000% | 12/15/36 | 6,000 | 6,101 |
| | | | 9,726 |
Oregon (0.4%) | | | | |
Oregon State Dept. Administrative Services | 5.000% | 5/1/27 | 6,755 | 7,329 |
Oregon State Dept. Administrative Services (Lottery Rev.) | 5.250% | 4/1/26 | 10,000 | 11,384 |
Umatilla County OR Hosp. Fac. Auth. Rev. (Catholic Health Initiative) | 5.000% | 5/1/22 | 12,380 | 12,950 |
| | | | 31,663 |
Pennsylvania (2.8%) | | | | |
Delaware County PA Hosp. Auth. Rev. (Crozer Keystone Obligated Group) | 5.000% | 12/15/31 | 11,420 | 9,817 |
Franklin County PA IDA Rev. (Chanmersburg Hosp.) | 5.375% | 7/1/42 | 4,325 | 4,418 |
Geisinger Health System Auth. of Pennsylvania Rev. (Penn State Geisinger Health System) VRDO | 0.250% | 11/1/10 | 7,300 | 7,300 |
Northampton County PA General Purpose Auth. Univ. Rev. (Lafayette College) VRDO | 0.260% | 11/5/10 | 8,700 | 8,700 |
Northampton County PA General Purpose Auth. Univ. Rev. (Saint Lukes Hosp. Project) | 5.500% | 8/15/35 | 2,500 | 2,546 |
Northampton County PA General Purpose Auth. Univ. Rev. (Saint Lukes Hosp. Project) | 5.500% | 8/15/40 | 3,500 | 3,548 |
Norwin PA School Dist. GO | 3.250% | 4/1/31 (4) | 8,915 | 7,500 |
Pennsylvania Convention Center Auth. Rev. | 6.700% | 9/1/16 (ETM) | 7,935 | 9,233 |
Pennsylvania GO | 5.000% | 9/1/14 (4) | 5,000 | 5,747 |
Pennsylvania Higher Educ. Fac. Auth. Rev. | 5.000% | 6/15/35 | 11,380 | 12,122 |
Pennsylvania IDA Rev. (Econ. Dev.) | 5.500% | 7/1/12 (Prere.) | 775 | 847 |
Pennsylvania IDA Rev. (Econ. Dev.) | 5.500% | 7/1/15 (2) | 20,030 | 21,446 |
Pennsylvania Public School Building Auth. Lease Rev. (School Dist. of Philadelphia) | 5.000% | 6/1/31 (4) | 20,000 | 20,399 |
Pennsylvania State Univ. Rev. | 5.000% | 3/1/40 | 4,000 | 4,299 |
Pennsylvania Turnpike Comm. Rev. | 5.500% | 6/1/33 | 5,000 | 5,325 |
Pennsylvania Turnpike Comm. Rev. | 5.250% | 6/1/36 | 4,000 | 4,142 |
Philadelphia PA GO | 5.250% | 8/1/17 (4) | 12,665 | 14,762 |
Philadelphia PA GO | 5.000% | 8/1/18 (4) | 17,440 | 19,795 |
Philadelphia PA School Dist. GO | 6.000% | 9/1/38 | 7,000 | 7,634 |
Philadelphia PA Water & Waste Water Rev. | 7.000% | 6/15/11 (14) | 16,500 | 17,112 |
97
Long-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Pittsburgh PA Water & Sewer Auth. Rev. | 6.500% | 9/1/13 (ETM) | 4,455 | 4,903 |
Pittsburgh PA Water & Sewer Auth. Rev. | 6.500% | 9/1/13 (14) | 5,545 | 5,923 |
Pittsburgh PA Water & Sewer Auth. Rev. | 7.250% | 9/1/14 (ETM) | 2,420 | 2,741 |
Sayre PA Health Care Fac. Auth. Rev. (Guthrie Health Care System) | 5.750% | 12/1/11 (Prere.) | 1,725 | 1,844 |
Sayre PA Health Care Fac. Auth. Rev. (Guthrie Health Care System) | 5.750% | 12/1/21 | 610 | 626 |
Univ. of Pittsburgh of the Commonwealth System of Higher Educ. Pennsylvania | | | | |
(Univ. Capital Project) | 5.250% | 9/15/30 | 5,000 | 5,574 |
Wallingford-Swarthmore PA School Dist. VRDO | 0.430% | 11/5/10 (4) | 9,600 | 9,600 |
Wilkes-Barre PA Finance Auth. Rev. (Univ. of Scranton Project) | 5.000% | 11/1/40 | 3,500 | 3,580 |
| | | | 221,483 |
Puerto Rico (1.7%) | | | | |
Puerto Rico Electric Power Auth. Rev. | 5.250% | 7/1/22 (14) | 2,930 | 3,269 |
Puerto Rico Electric Power Auth. Rev. | 5.500% | 7/1/38 | 6,130 | 6,442 |
Puerto Rico GO | 6.000% | 7/1/27 (14) | 6,500 | 7,056 |
Puerto Rico Infrastructure Financing Auth. Special Tax Rev. | 0.000% | 7/1/34 (2) | 15,305 | 3,389 |
Puerto Rico Public Finance Corp. PUT | 5.250% | 2/1/12 (2)LOC | 40,000 | 41,388 |
Puerto Rico Public Finance Corp. PUT | 5.750% | 2/1/12 LOC | 10,000 | 10,409 |
Puerto Rico Sales Tax Financing Corp. Rev. | 6.125% | 8/1/29 | 15,000 | 15,743 |
Puerto Rico Sales Tax Financing Corp. Rev. | 0.000% | 8/1/37 | 13,475 | 2,570 |
Puerto Rico Sales Tax Financing Corp. Rev. | 0.000% | 8/1/39 | 15,010 | 2,515 |
Puerto Rico Sales Tax Financing Corp. Rev. | 6.500% | 8/1/44 | 26,500 | 30,505 |
Puerto Rico Sales Tax Financing Corp. Rev. | 0.000% | 8/1/47 (2) | 40,000 | 4,330 |
Puerto Rico Sales Tax Financing Corp. Rev. | 0.000% | 8/1/54 (2) | 114,500 | 7,261 |
| | | | 134,877 |
Rhode Island (0.2%) | | | | |
Rhode Island Health & Educ. Building Corp. Rev. | 4.500% | 5/15/23 (4) | 2,465 | 2,573 |
Rhode Island Health & Educ. Building Corp. Rev. | 4.500% | 5/15/24 (4) | 2,975 | 3,083 |
Rhode Island Health & Educ. Building Corp. Rev. (Brown Univ.) | 5.000% | 9/1/37 | 5,715 | 6,029 |
Rhode Island Health & Educ. Building Corp. Rev. (Hosp. Financing - Lifespan Obligation) | 5.000% | 5/15/32 (4) | 3,000 | 3,076 |
| | | | 14,761 |
South Carolina (2.1%) | | | | |
Charleston SC Educ. Excellence Financing Corp. Rev. | 5.250% | 12/1/28 | 15,000 | 16,169 |
Charleston SC Educ. Excellence Financing Corp. Rev. | 5.000% | 12/1/31 | 11,500 | 11,977 |
Charleston SC Educ. Excellence Financing Corp. Rev. (Charleston County School Dist.) | 5.000% | 12/1/26 | 10,580 | 11,395 |
Columbia SC Waterworks & Sewer System Rev. | 5.000% | 2/1/40 | 5,000 | 5,375 |
Greenville County SC School Dist. GO | 5.000% | 12/1/27 | 7,700 | 8,155 |
Medical Univ. South Carolina Hosp. Auth. Hosp. Fac. Rev. | 6.375% | 8/15/12 (Prere.) | 7,750 | 8,560 |
Piedmont SC Muni. Power Agency Rev. | 6.500% | 1/1/15 (3)(ETM) | 2,035 | 2,458 |
Piedmont SC Muni. Power Agency Rev. | 6.500% | 1/1/15 (14) | 12,210 | 14,334 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Improvement Rev. (Palmetto Health Alliance) | 7.125% | 12/15/10 (Prere.) | 5,000 | 5,144 |
South Carolina Jobs Econ. Dev. Auth. Rev. (Bon Secours Health System) | 5.625% | 11/15/12 (Prere.) | 2,080 | 2,290 |
South Carolina Public Service Auth. Rev. | 5.500% | 1/1/38 | 10,000 | 11,103 |
South Carolina Public Service Auth. Rev. | 5.250% | 1/1/39 | 6,000 | 6,479 |
South Carolina Transp. Infrastructure Rev. | 5.250% | 10/1/20 (2) | 20,840 | 22,591 |
South Carolina Transp. Infrastructure Rev. | 5.250% | 10/1/21 (2) | 27,170 | 29,192 |
Tobacco Settlement Rev. (Auth. of South Carolina Tobacco Settlement) | 5.000% | 6/1/18 | 4,655 | 4,659 |
Univ. of South Carolina Higher Educ. Rev. | 5.250% | 6/1/38 (4) | 6,610 | 6,995 |
| | | | 166,876 |
Tennessee (1.2%) | | | | |
Jackson TN Hosp. Rev. (Jackson Madison Hosp.) | 5.500% | 4/1/33 | 7,975 | 8,140 |
Memphis TN Electric System Rev. | 5.000% | 12/1/17 | 20,000 | 23,791 |
Metro. Govt. of Nashville & Davidson County TN Health & Educ. Fac. Board Rev. | | | | |
(Meharry Medical College) | 6.000% | 12/1/12 (2) | 3,405 | 3,516 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. | 5.250% | 9/1/27 (4) | 350 | 373 |
Shelby County TN Health Educ. & Housing Fac. Board Rev. (Methodist Le Bonheur) VRDO | 0.260% | 11/5/10 (12) | 25,700 | 25,700 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 2/1/19 | 10,000 | 10,526 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.250% | 9/1/20 | 4,000 | 4,233 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.250% | 9/1/21 | 1,895 | 1,991 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 2/1/22 | 3,785 | 3,913 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.250% | 9/1/22 | 5,000 | 5,220 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.250% | 9/1/24 | 4,660 | 4,803 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 2/1/27 | 5,350 | 5,409 |
Tennessee Health, Educ. & Housing Fac. (Methodist Health System) | 5.500% | 8/1/12 (14)(ETM) | 1,030 | 1,075 |
| | | | 98,690 |
Texas (7.5%) | | | | |
Austin TX Combined Util. System Rev. | 0.000% | 5/15/17 (14) | 4,900 | 4,066 |
Austin TX Water & Wastewater System Rev. | 5.000% | 5/15/28 (14) | 6,665 | 7,193 |
Burelson TX Independent School Dist. | 5.000% | 8/1/40 (12) | 8,000 | 8,269 |
Conroe TX Independent School Dist. GO | 5.750% | 2/15/35 | 5,000 | 5,482 |
Dallas County TX Util. & Reclamation Dist. GO | 5.375% | 2/15/29 (2) | 5,000 | 5,094 |
98
Long-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Dallas TX Area Rapid Transit Rev. | 4.500% | 12/1/24 (2) | 10,000 | 10,539 |
Dallas TX Area Rapid Transit Rev. | 4.500% | 12/1/25 (2) | 10,000 | 10,488 |
Dallas TX Civic Center Refunding & Improvement Rev. | 5.000% | 8/15/27 (12) | 5,000 | 5,265 |
Dallas TX Civic Center Refunding & Improvement Rev. | 5.000% | 8/15/28 (12) | 3,125 | 3,270 |
Dallas TX GO | 5.000% | 2/15/19 | 15,000 | 17,908 |
Dallas TX Waterworks & Sewer System Rev. | 5.000% | 10/1/30 | 6,920 | 7,498 |
Fort Bend TX Independent School Dist. GO | 5.000% | 2/15/34 | 5,000 | 5,348 |
Fort Worth TX Independent School Dist. | 5.000% | 2/15/19 | 1,175 | 1,387 |
Fort Worth TX Independent School Dist. | 5.000% | 2/15/20 | 2,000 | 2,361 |
Harris County TX Cultural Educ. Fac. Finance Corp. Rev. (Thermal Util. TECO Project) | 5.250% | 11/15/35 | 10,000 | 10,598 |
Harris County TX GO | 0.000% | 10/1/14 (14) | 5,550 | 5,256 |
Harris County TX GO | 0.000% | 10/1/15 (14) | 17,545 | 16,180 |
Harris County TX Health Fac. Dev. Corp. Hosp. Rev. (Memorial Hermann Healthcare) | 7.125% | 12/1/31 | 3,250 | 3,737 |
Harris County TX Hosp. Dist. Rev. | 5.125% | 2/15/32 (14) | 10,000 | 10,071 |
Harris County TX Hosp. Dist. Rev. | 5.250% | 2/15/37 (14) | 10,190 | 10,265 |
Harris County TX Rev. | 5.000% | 8/15/22 | 2,000 | 2,243 |
Harris County TX Toll Road Rev. | 5.000% | 8/15/29 | 5,000 | 5,367 |
Houston TX Airport System Rev. | 5.500% | 7/1/39 | 5,000 | 5,404 |
Houston TX GO | 5.375% | 3/1/11 (Prere.) | 6,485 | 6,595 |
Houston TX GO | 5.750% | 3/1/14 (4) | 260 | 261 |
Houston TX GO | 5.500% | 3/1/15 (4) | 8,440 | 8,581 |
Houston TX GO | 5.750% | 3/1/15 (4) | 265 | 266 |
Houston TX GO | 5.500% | 3/1/16 (4) | 5,235 | 5,316 |
Houston TX GO | 5.750% | 3/1/16 (4) | 395 | 397 |
Houston TX Water & Sewer System Rev. | 0.000% | 12/1/12 (2) | 20,500 | 19,997 |
Houston TX Water & Sewer System Rev. | 5.500% | 12/1/16 (4) | 7,000 | 7,347 |
Houston TX Water Conveyance System COP | 6.800% | 12/15/10 (2) | 5,490 | 5,527 |
Lone Star College TX System Rev. | 5.000% | 8/15/29 | 6,210 | 6,850 |
Lone Star College TX System Rev. | 5.000% | 8/15/34 | 5,000 | 5,367 |
Lower Colorado River Auth. Texas Rev. | 6.000% | 5/15/11 (4) | 2,710 | 2,722 |
Lower Colorado River Auth. Texas Rev. | 5.625% | 1/1/15 (4)(Prere.) | 3,055 | 3,614 |
Lower Colorado River Auth. Texas Rev. | 5.875% | 5/15/16 (4) | 5,905 | 5,928 |
Lower Colorado River Auth. Texas Rev. | 5.500% | 5/15/36 | 5,000 | 5,362 |
Lower Colorado River Auth. Texas Rev. | 5.625% | 5/15/39 | 5,000 | 5,416 |
Lower Colorado River Auth. Texas Rev. | 5.000% | 5/15/40 | 5,000 | 5,184 |
Matagorda County TX Navigation Dist. PCR (Central Power & Light) | 6.300% | 11/1/29 | 7,500 | 8,288 |
Montgomery County TX | 5.125% | 3/1/31 | 4,000 | 4,311 |
Montgomery County TX | 5.250% | 3/1/32 | 5,000 | 5,428 |
North Texas Tollway Auth. Rev. | 6.250% | 2/1/23 | 10,000 | 10,618 |
North Texas Tollway Auth. Rev. | 6.125% | 1/1/31 | 4,000 | 4,316 |
North Texas Tollway Auth. Rev. | 5.625% | 1/1/33 | 21,650 | 23,073 |
North Texas Tollway Auth. Rev. | 6.250% | 1/1/39 | 6,000 | 6,633 |
North Texas Univ. Rev. | 5.000% | 4/15/27 | 7,475 | 8,273 |
Northeast Texas Hosp. Auth. (Northeast Medical Center) | 5.625% | 5/15/17 (4) | 7,425 | 7,441 |
Northeast Texas Hosp. Auth. (Northeast Medical Center) | 5.625% | 5/15/22 (4) | 7,110 | 7,121 |
Round Rock TX Independent School Dist. GO | 0.000% | 8/15/11 (14) | 5,000 | 4,982 |
Round Rock TX Independent School Dist. GO | 5.250% | 8/1/29 | 6,000 | 6,669 |
SA Energy Acquisition Public Fac. Corp. Texas Gas Supply Rev. | 5.500% | 8/1/22 | 5,000 | 5,400 |
SA Energy Acquisition Public Fac. Corp. Texas Gas Supply Rev. | 5.500% | 8/1/23 | 6,155 | 6,665 |
San Antonio TX Electric & Gas Rev. | 5.375% | 2/1/12 (Prere.) | 10,000 | 10,617 |
San Antonio TX GO | 5.000% | 2/1/19 | 6,310 | 7,531 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Rev. (Texas Health Resources) | 5.000% | 2/15/36 | 15,000 | 15,047 |
Tarrant Regional Water Dist. TX Water Rev. | 5.000% | 3/1/28 | 3,000 | 3,291 |
Texas City TX IDA (ARCO Pipeline) | 7.375% | 10/1/20 | 17,310 | 20,871 |
Texas Muni. Gas Acquisition & Supply Corp. Rev. | 0.750% | 11/5/10 | 5,000 | 4,788 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/13 (14) | 38,730 | 36,996 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/14 (14) | 34,250 | 31,847 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/15 (14) | 33,070 | 29,667 |
Texas Private Activity Surface Transp. Corp. Rev. | 7.500% | 12/31/31 | 4,000 | 4,579 |
Texas Private Activity Surface Transp. Corp. Rev. | 6.875% | 12/31/39 | 5,000 | 5,426 |
Texas State College Student Loan GO | 5.000% | 8/1/33 | 7,115 | 7,685 |
Texas State Transp. Comm. First Tier PUT | 5.000% | 2/15/11 | 10,000 | 10,102 |
Texas Turnpike Auth. Central Texas Turnpike System Rev. | 0.000% | 8/15/26 (2) | 10,000 | 4,016 |
Texas Turnpike Auth. Central Texas Turnpike System Rev. | 0.000% | 8/15/28 (2) | 30,005 | 10,407 |
Texas Water Dev. Board GO | 5.750% | 8/1/32 | 10,380 | 10,708 |
3 Texas Water Dev. Board Rev. | 5.500% | 7/15/21 | 8,500 | 8,534 |
Texas Water Finance Assistance GO | 5.000% | 8/1/27 | 3,320 | 3,711 |
Texas Water Finance Assistance GO | 5.000% | 8/1/29 | 1,800 | 1,992 |
Univ. of Houston TX Rev. | 5.000% | 2/15/27 | 2,100 | 2,315 |
| | | | 597,367 |
99
Long-Term Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Utah (0.3%) | | | | |
Intermountain Power Agency Utah Power Supply Rev. | 5.000% | 7/1/14 | 5,000 | 5,644 |
Intermountain Power Agency Utah Power Supply Rev. | 5.250% | 7/1/21 | 17,395 | 18,963 |
| | | | 24,607 |
Vermont (0.1%) | | | | |
Vermont Educ. & Health Buildings Finance Agency Rev. (Fletcher Allen Health) | 5.000% | 12/1/34 (4) | 10,000 | 10,247 |
|
Virgin Islands (0.1%) | | | | |
Virgin Islands Public Finance Auth. Rev. | 5.000% | 10/1/25 | 4,000 | 4,143 |
Virgin Islands Public Finance Auth. Rev. | 5.000% | 10/1/29 | 4,000 | 4,037 |
| | | | 8,180 |
Virginia (0.7%) | | | | |
Fairfax County VA IDA Hosp. Rev. (Inova Health System Hosp. Project) | 5.250% | 5/15/26 | 3,250 | 3,599 |
Fairfax County VA IDA Hosp. Rev. (Inova Health System Hosp. Project) | 5.500% | 5/15/35 | 15,000 | 16,331 |
Henrico County VA Econ. Dev. Auth. Rev. (Bon Secours Health System) | 5.250% | 11/1/42 (12) | 5,000 | 5,238 |
Louisa VA IDA Solid Waste & Sewer Disposal Rev. (Virginia Electric & Power Co.) PUT | 5.375% | 12/1/10 | 7,500 | 8,198 |
Stafford County VA Econ. Dev. Auth. Hosp. Fac. Rev. (Medicorp Health System) | 5.250% | 6/15/37 | 10,000 | 10,116 |
Tobacco Settlement Financing Corp. Virginia Rev. | 5.625% | 6/1/15 (Prere.) | 10,000 | 11,915 |
| | | | 55,397 |
Washington (1.7%) | | | | |
1 Central Puget Sound WA Regional Transit Auth. Sales & Use Tax Rev. TOB VRDO | 0.290% | 11/1/10 (4) | 6,380 | 6,380 |
Chelan County WA Public Util. Dist. (Rock Island Hydro) | 0.000% | 6/1/14 (14) | 5,000 | 4,663 |
Chelan County WA Public Util. Dist. (Rock Island Hydro) | 0.000% | 6/1/15 (14) | 12,585 | 11,332 |
Chelan County WA Public Util. Dist. (Rock Island Hydro) | 0.000% | 6/1/17 (14) | 11,685 | 9,573 |
Chelan County WA Public Util. Dist. (Rock Island Hydro) | 0.000% | 6/1/18 (14) | 10,000 | 7,800 |
King County WA Sewer Rev. | 5.000% | 1/1/39 | 7,500 | 7,922 |
King County WA Sewer Rev. | 5.250% | 1/1/42 | 7,500 | 8,126 |
Washington GO | 6.750% | 2/1/15 | 3,450 | 3,880 |
Washington GO | 5.000% | 2/1/19 | 5,000 | 5,947 |
Washington GO | 5.000% | 2/1/20 | 5,000 | 5,946 |
Washington GO | 5.000% | 8/1/20 | 9,660 | 11,533 |
Washington GO (Motor Vehicle Fuel Tax) | 5.000% | 7/1/20 | 10,000 | 11,932 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.250% | 8/15/31 (4) | 5,000 | 5,257 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.250% | 8/15/34 (4) | 17,000 | 17,716 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.500% | 8/15/43 (12) | 5,490 | 5,751 |
Washington Health Care Fac. Auth. Rev. (Children’s Hosp.) | 5.625% | 10/1/38 | 12,000 | 12,937 |
| | | | 136,695 |
West Virginia (0.7%) | | | | |
Pleasants County WV Pollution Control Rev. | 5.250% | 10/15/37 | 6,000 | 6,007 |
West Virginia Building Comm. Rev. (Jail & Correction Fac.) | 7.000% | 7/1/11 (14)(ETM) | 7,325 | 7,653 |
West Virginia Building Comm. Rev. (Jail & Correction Fac.) | 7.000% | 7/1/12 (14)(ETM) | 7,840 | 8,688 |
West Virginia Econ. Dev. Auth. | 5.000% | 6/15/28 | 4,340 | 4,698 |
West Virginia Econ. Dev. Auth. PCR (Solid Waste Disposal) | 5.375% | 12/1/38 | 2,500 | 2,540 |
West Virginia Hosp. Finance Auth. Rev. (Charleston Medical Center) | 5.625% | 9/1/32 | 6,500 | 6,815 |
West Virginia Hosp. Finance Auth. Rev. (UTD Hosp. Center Inc. Project) | 5.250% | 6/1/41 (2) | 16,330 | 16,774 |
| | | | 53,175 |
Wisconsin (1.2%) | | | | |
Badger Tobacco Asset Securitization Corp. WI | 6.125% | 6/1/12 (Prere.) | 2,855 | 3,040 |
Madison WI Community Dev. Auth. Rev. (Wisconson Alumni Research Project) | 5.000% | 10/1/34 | 9,500 | 10,273 |
Wisconsin Clean Water Rev. | 6.875% | 6/1/11 | 7,295 | 7,536 |
Wisconsin GO | 5.000% | 5/1/14 (14) | 5,000 | 5,690 |
Wisconsin GO | 6.000% | 5/1/36 | 10,000 | 11,376 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Ascension Health) | 5.000% | 11/15/36 | 3,000 | 3,085 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Aurora Health Care Inc.) | 5.250% | 8/15/17 (14) | 10,000 | 10,012 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Aurora Health Care Inc.) | 5.625% | 4/15/39 | 12,110 | 12,619 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Luther Hosp.) | 5.750% | 11/15/30 | 7,500 | 8,220 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Ministry Health Care) | 5.000% | 8/15/19 | 3,740 | 4,053 |
Wisconsin Health & Educ. Fac. Auth. Rev. (SSM Health Care) | 5.250% | 6/1/34 | 6,785 | 7,227 |
Wisconsin Transp. Rev. | 4.500% | 7/1/26 (14) | 12,470 | 12,916 |
| | | | 96,047 |
Total Tax-Exempt Municipal Bonds (Cost $7,362,400) | | | | 7,762,436 |
100
| | | |
Long-Term Tax-Exempt Fund | | | |
|
|
|
|
| | | Market |
| | | Value• |
| Coupon | Shares | ($000) |
Temporary Cash Investment (1.7%) | | | |
Money Market Fund (1.7%) | | | |
4 Vanguard Municipal Cash Management Fund (Cost $136,150) | 0.265% | 136,150,134 | 136,150 |
Total Investments (99.0%) (Cost $7,498,550) | | | 7,898,586 |
Other Assets and Liabilities (1.0%) | | | |
Other Assets | | | 128,396 |
Liabilities | | | (50,340) |
| | | 78,056 |
Net Assets (100%) | | | 7,976,642 |
|
|
At October 31, 2010, net assets consisted of: | | | |
| | | Amount |
| | | ($000) |
Paid-in Capital | | | 7,640,401 |
Undistributed Net Investment Income | | | — |
Accumulated Net Realized Losses | | | (64,367) |
Unrealized Appreciation (Depreciation) | | | |
Investment Securities | | | 400,036 |
Futures Contracts | | | 572 |
Net Assets | | | 7,976,642 |
|
Investor Shares—Net Assets | | | |
Applicable to 143,569,927 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | | 1,615,371 |
Net Asset Value Per Share—Investor Shares | | | $11.25 |
|
Admiral Shares—Net Assets | | | |
Applicable to 565,372,669 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | | 6,361,271 |
Net Asset Value Per Share—Admiral Shares | | | $11.25 |
• See Note A in Notes to Financial Statements.
1 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2010, the aggregate value of these securities was $46,671,000, representing 0.6% of net assets.
2 Security purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of October 31, 2010.
3 Securities with a value of $4,159,000 have been segregated as initial margin for open futures contracts.
4 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
For key to abbreviations and other references, see back cover.
See accompanying Notes, which are an integral part of the Financial Statements.
101
High-Yield Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Tax-Exempt Municipal Bonds (98.8%) | | | | |
Alabama (0.6%) | | | | |
Alabama Special Care Fac. Financing Auth. Birmingham Rev. (Ascension Health) | 5.000% | 11/15/39 | 11,825 | 12,135 |
Camden AL Ind. Dev. Bank (Weyerhaeuser Co.) | 6.125% | 12/1/13 (Prere.) | 3,000 | 3,465 |
Courtland AL Dev. Board Solid Waste Disposal Rev. (International Paper Co.) | 5.200% | 6/1/25 | 5,000 | 4,934 |
McIntosh AL IDR (Environmental Improvement) | 5.375% | 6/1/28 | 17,000 | 17,002 |
Millerport AL IDA Rev. (Steel Dust Recycling Project) VRDO | 0.330% | 11/5/10 LOC | 8,400 | 8,400 |
| | | | 45,936 |
Alaska (0.0%) | | | | |
Valdez AK Marine Terminal Rev. (BP Pipeline Project) VRDO | 0.290% | 11/1/10 | 2,000 | 2,000 |
|
Arizona (1.4%) | | | | |
Arizona Board Regents Arizona State Univ. System Rev. | 5.000% | 6/1/39 | 15,000 | 15,725 |
Arizona Health Fac. Auth. Rev. (Banner Health) | 5.500% | 1/1/38 | 5,900 | 6,188 |
Arizona Health Fac. Auth. Rev. (Beatitudes Campus Project) | 5.200% | 10/1/37 | 7,000 | 5,648 |
Arizona Water Infrastructure Finance Auth. Rev. | 5.000% | 10/1/30 | 5,000 | 5,536 |
Maricopa County AZ IDA Health Fac. Rev. (Catholic Healthcare West) | 5.250% | 7/1/32 | 7,950 | 8,147 |
Maricopa County AZ Pollution Control Corp. PCR (Southern California Edison Co.) | 5.000% | 6/1/35 | 5,500 | 5,596 |
Phoenix AZ Civic Improvement Corp. Airport Rev. | 5.000% | 7/1/19 | 3,765 | 4,293 |
Phoenix AZ Civic Improvement Corp. Airport Rev. | 5.250% | 7/1/33 | 10,000 | 10,574 |
Pima County Arizona IDA Rev. (Tucson Electric Power Co. Project) | 5.250% | 10/1/40 | 12,500 | 12,443 |
Salt Verde Arizona Financial Project Rev. | 5.250% | 12/1/27 | 17,000 | 17,152 |
Salt Verde Arizona Financial Project Rev. | 5.000% | 12/1/32 | 5,000 | 4,831 |
Univ. Medical Center Corp. AZ Hosp. Rev. | 6.500% | 7/1/39 | 2,500 | 2,719 |
| | | | 98,852 |
Arkansas (0.1%) | | | | |
North Little Rock AR Electric Rev. | 6.500% | 7/1/15 (14) | 3,450 | 3,820 |
|
California (13.0%) | | | | |
Adelanto CA Public Util. Auth. Rev. | 6.750% | 7/1/39 | 10,000 | 10,404 |
Bay Area Toll Auth. CA Toll Bridge Rev. | 5.000% | 4/1/26 | 2,500 | 2,664 |
Bay Area Toll Auth. CA Toll Bridge Rev. | 5.250% | 4/1/26 | 1,920 | 2,159 |
Bay Area Toll Auth. CA Toll Bridge Rev. | 5.000% | 4/1/27 | 5,000 | 5,428 |
California Dept. of Water Resources Water System Rev. (Central Valley) | 5.500% | 12/1/11 (Prere.) | 830 | 877 |
California Dept. of Water Resources Water System Rev. (Central Valley) | 5.500% | 12/1/11 (Prere.) | 1,670 | 1,765 |
California Dept. of Water Resources Water System Rev. (Central Valley) | 5.500% | 12/1/11 (Prere.) | 30 | 32 |
California Dept. of Water Resources Water System Rev. (Central Valley) | 5.500% | 12/1/11 (Prere.) | 85 | 90 |
California Dept. of Water Resources Water System Rev. (Central Valley) | 5.500% | 12/1/15 | 3,290 | 3,460 |
California Dept. of Water Resources Water System Rev. (Central Valley) | 5.000% | 12/1/28 | 5,375 | 5,882 |
California GO | 5.500% | 4/1/18 | 15,000 | 17,678 |
California GO | 5.000% | 11/1/21 | 14,045 | 15,240 |
California GO | 6.000% | 3/1/33 | 3,000 | 3,446 |
California GO | 5.125% | 4/1/33 | 15,000 | 15,245 |
California GO | 6.500% | 4/1/33 | 30,000 | 35,270 |
California GO | 4.500% | 10/1/36 | 35,750 | 34,066 |
California GO | 5.500% | 11/1/39 | 10,000 | 10,605 |
California GO | 5.500% | 3/1/40 | 3,000 | 3,187 |
California Health Fac. Finance Auth. Rev. (Adventist Health System) | 5.750% | 9/1/39 | 4,500 | 4,709 |
California Health Fac. Finance Auth. Rev. (Sutter Health) | 5.000% | 8/15/38 | 6,000 | 6,023 |
California Health Fac. Financing Auth. Rev. (Catholic Healthcare West) | 6.000% | 7/1/39 | 7,500 | 8,165 |
California Health Fac. Financing Auth. Rev. (St. Joseph Health System) | 5.750% | 7/1/39 | 7,000 | 7,441 |
California Infrastructure & Econ. Dev. Bank Rev. (Independent System Operator) | 6.000% | 2/1/30 | 10,000 | 10,678 |
California PCR Financing Auth. Solid Waste Disposal Rev. (Republic Services) PUT | 5.250% | 12/1/17 | 12,155 | 13,066 |
California PCR Financing Auth. Solid Waste Disposal Rev. (Waste Management) | 5.400% | 4/1/25 | 3,000 | 3,108 |
California PCR Financing Auth. Solid Waste Disposal Rev. (Waste Management) | 5.000% | 7/1/27 | 6,185 | 6,276 |
California Public Works Board Lease Rev. (Butterfield) | 5.000% | 6/1/21 | 7,675 | 8,031 |
California Public Works Board Lease Rev. (Butterfield) | 5.000% | 6/1/22 | 5,000 | 5,198 |
California Public Works Board Lease Rev. (Butterfield) | 5.000% | 6/1/23 | 2,870 | 2,972 |
California Public Works Board Lease Rev. (Dept. of Corrections) | 5.500% | 6/1/19 | 7,000 | 7,419 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/19 | 15,000 | 17,533 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/20 | 5,000 | 5,838 |
California State Dept. of Water Resources Power Supply Rev. | 5.000% | 5/1/21 | 10,000 | 11,525 |
California State Econ. Recovery Bonds | 5.000% | 7/1/20 | 5,000 | 5,760 |
California State Econ. Recovery Bonds | 5.250% | 7/1/21 | 8,250 | 9,559 |
California State Univ. Rev. Systemwide | 5.000% | 11/1/20 (2) | 20,995 | 22,832 |
California State Univ. Rev. Systemwide | 5.250% | 11/1/34 | 9,275 | 9,924 |
California State Univ. Rev. Systemwide | 5.250% | 11/1/38 | 2,490 | 2,657 |
California Statewide Communities Dev. Auth. Rev. (Cottage Health Systems) | 5.000% | 11/1/40 | 11,040 | 10,972 |
California Statewide Communities Dev. Auth. Rev. (Irvine Univ. of California East LLC) | 5.750% | 5/15/32 | 8,000 | 8,342 |
California Statewide Communities Dev. Auth. Rev. (Kaiser Permanente) | 5.250% | 3/1/45 | 28,000 | 28,088 |
Chula Vista CA IDR (San Diego Gas & Electric) | 5.250% | 12/1/27 | 20,000 | 20,438 |
102
High-Yield Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
City of Carlsbad, CA Assessment Dist. Ltd. | 5.200% | 9/2/35 | 2,710 | 2,572 |
El Monte CA High School Dist. GO | 5.500% | 6/1/34 (12) | 8,575 | 9,269 |
Foothill/Eastern Corridor Agency California Toll Road Rev. | 0.000% | 1/15/28 (14) | 25,000 | 25,372 |
Golden State Tobacco Securitization Corp. California | 4.500% | 6/1/27 | 10,345 | 9,343 |
Grossmont CA Healthcare Dist. GO | 5.000% | 7/15/37 (2) | 10,500 | 10,577 |
Irving CA Special Tax Community Fac. Dist. | 5.200% | 9/1/26 | 750 | 737 |
Irving CA Special Tax Community Fac. Dist. | 5.250% | 9/1/36 | 2,000 | 1,881 |
Kern County CA GO | 5.750% | 8/1/35 (12) | 4,500 | 4,798 |
Lincoln CA Special Tax Communities Fac. Dist. | 5.450% | 9/1/13 (Prere.) | 890 | 1,023 |
Lincoln CA Special Tax Communities Fac. Dist. | 5.750% | 9/1/13 (Prere.) | 885 | 1,024 |
Lincoln CA Special Tax Communities Fac. Dist. | 5.900% | 9/1/13 (Prere.) | 890 | 1,034 |
Lincoln CA Special Tax Communities Fac. Dist. | 5.950% | 9/1/13 (Prere.) | 3,555 | 4,134 |
Lincoln CA Special Tax Communities Fac. Dist. | 6.000% | 9/1/13 (Prere.) | 2,670 | 3,109 |
Los Angeles CA Community College Dist. GO | 5.000% | 8/1/24 | 3,430 | 3,772 |
Los Angeles CA Community College Dist. GO | 5.000% | 8/1/25 | 4,620 | 5,054 |
Los Angeles CA Community College Dist. GO | 5.000% | 8/1/27 | 6,215 | 6,707 |
Los Angeles CA Community College Dist. GO | 5.250% | 8/1/39 | 6,000 | 6,455 |
Los Angeles CA Dept. of Airports International Airport Rev. | 5.375% | 5/15/30 | 15,000 | 15,734 |
Los Angeles CA Dept. of Water & Power Rev. | 5.000% | 7/1/24 (4) | 11,175 | 12,018 |
Los Angeles CA USD GO | 5.000% | 7/1/27 | 8,000 | 8,593 |
Los Angeles CA USD GO | 4.500% | 1/1/28 (14) | 9,750 | 9,669 |
Los Angeles CA Wastewater System Rev. | 5.750% | 6/1/27 | 7,780 | 8,975 |
M-S-R California Energy Auth. Rev. | 7.000% | 11/1/34 | 2,500 | 3,066 |
M-S-R California Energy Auth. Rev. | 6.500% | 11/1/39 | 11,000 | 12,853 |
Modesto CA Irrigation Dist. COP | 5.500% | 7/1/35 | 11,300 | 12,101 |
Napa Valley CA USD Election GO | 4.500% | 8/1/37 (4) | 11,635 | 11,421 |
Northern California Power Agency (Hydroelectric Project) | 5.000% | 7/1/20 (12) | 9,305 | 10,463 |
Northstar Community Services Dist. CA Special Tax Community Fac. Dist. | 5.000% | 9/1/37 | 15,000 | 10,342 |
Oakland CA USD GO | 6.125% | 8/1/29 | 4,000 | 4,301 |
Palo Alto CA USD GO | 0.000% | 8/1/30 | 21,100 | 7,294 |
Palomar Pomerado Health System California GO | 0.000% | 8/1/38 (12) | 10,740 | 7,063 |
Rancho Mirage CA Joint Powers Financing Auth. Rev. (Eisenhower Medical Center) | 5.000% | 7/1/38 | 23,000 | 21,008 |
Roseville CA Electric System Rev. | 5.000% | 2/1/37 | 11,000 | 11,345 |
Sacramento CA Financing Auth. Lease Rev. | 5.250% | 12/1/30 (2) | 15,000 | 15,724 |
Sacramento County CA Airport Rev. | 6.000% | 7/1/41 | 9,500 | 10,377 |
San Bernardino County CA Medical Center COP | 7.000% | 8/1/20 | 12,180 | 14,820 |
San Bernardino County CA Medical Center COP | 6.875% | 8/1/24 (ETM) | 25,220 | 34,153 |
San Diego CA Community College Dist. GO | 5.250% | 8/1/33 | 5,500 | 5,965 |
San Diego CA Public Fac. Financing Auth. Sewer Rev. | 5.250% | 5/15/39 | 5,000 | 5,365 |
San Diego CA USD GO | 5.500% | 7/1/19 (14) | 10,140 | 11,919 |
San Diego CA USD GO | 5.500% | 7/1/21 (14) | 12,725 | 14,851 |
San Diego CA USD GO | 0.000% | 7/1/45 | 29,520 | 3,459 |
San Francisco CA City & County International Airport Rev. | 5.000% | 5/1/17 | 3,000 | 3,489 |
San Francisco CA City & County International Airport Rev. | 5.250% | 5/1/32 | 5,000 | 5,230 |
San Francisco CA City & County International Airport Rev. | 6.000% | 5/1/39 | 2,130 | 2,393 |
San Francisco CA City & County International Airport Rev. VRDO | 0.260% | 11/5/10 LOC | 22,000 | 22,000 |
San Francisco CA City & County Redev. Financing Auth. Tax Allocation (Mission Bay South) | 6.625% | 8/1/39 | 2,000 | 2,186 |
San Joaquin Hills CA Transp. Corridor Agency Toll Road Rev. | 0.000% | 1/15/24 (14) | 2,000 | 752 |
San Joaquin Hills CA Transp. Corridor Agency Toll Road Rev. | 0.000% | 1/15/25 (14) | 15,900 | 5,478 |
Santa Margarita CA Water Dist. Special Tax Community Fac. Dist. No. 99-1 | 6.000% | 9/1/13 (Prere.) | 3,000 | 3,452 |
Santa Monica CA Community College Dist. | 0.000% | 8/1/24 | 5,000 | 2,552 |
Santa Monica CA Community College Dist. | 0.000% | 8/1/25 | 5,490 | 2,638 |
Simi Valley CA School Financing Auth. Rev. | 5.000% | 8/1/27 (4) | 10,000 | 10,857 |
Southern California Public Power Auth. Rev. | 5.000% | 7/1/27 | 5,000 | 5,439 |
Southern California Public Power Auth. Rev. | 5.000% | 7/1/29 | 2,500 | 2,686 |
Southern California Public Power Auth. Rev. (Transmission Project) | 5.000% | 7/1/20 | 10,505 | 12,082 |
Southern California Public Power Auth. Rev. (Transmission Project) VRDO | 0.280% | 11/5/10 (4) | 22,040 | 22,040 |
Turlock CA Irrigation Dist. Rev. | 5.000% | 1/1/35 | 6,385 | 6,584 |
Univ. of California Rev. | 4.500% | 5/15/31 (4) | 4,900 | 4,914 |
Victor Valley CA Community College Dist. | 6.000% | 8/1/39 | 8,000 | 8,717 |
Walnut CA Energy Center Auth. Rev. | 5.000% | 1/1/35 | 10,000 | 10,341 |
West Contra Costa CA USD | 6.000% | 8/1/27 | 3,000 | 3,378 |
| | | | 921,000 |
Colorado (3.3%) | | | | |
Aurora CO Hosp. Rev. (Children’s Hosp.) | 5.000% | 12/1/40 | 5,000 | 5,057 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) | 5.250% | 9/1/11 (Prere.) | 10,000 | 10,406 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) | 5.500% | 9/1/11 (Prere.) | 8,200 | 8,550 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) | 5.500% | 9/1/11 (Prere.) | 3,000 | 3,128 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) | 5.500% | 9/1/11 (Prere.) | 5,130 | 5,349 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) | 5.500% | 9/1/11 (Prere.) | 5,215 | 5,438 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) | 4.500% | 9/1/38 | 23,975 | 23,161 |
Colorado Health Fac. Auth. Rev. (Catholic Health Initiatives) | 5.000% | 9/1/41 | 7,500 | 7,575 |
103
High-Yield Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Colorado Health Fac. Auth. Rev. (Christian Living Communities) | 5.750% | 1/1/26 | 1,000 | 960 |
Colorado Health Fac. Auth. Rev. (Christian Living Communities) | 5.750% | 1/1/37 | 2,250 | 2,016 |
Colorado Health Fac. Auth. Rev. (Covenant Retirement Community Inc.) | 5.250% | 12/1/25 | 15,500 | 15,001 |
Colorado Health Fac. Auth. Rev. (Evangelical) | 6.125% | 6/1/38 | 7,000 | 7,198 |
Denver CO City & County Airport Rev. | 5.000% | 11/15/12 (14) | 4,205 | 4,517 |
Denver CO City & County Airport Rev. | 5.250% | 11/15/36 | 7,500 | 7,908 |
Denver CO City & County Airport Rev. PUT | 5.250% | 5/15/11 | 10,000 | 10,230 |
Denver CO City & County School Dist. | 5.250% | 12/1/24 | 3,250 | 3,747 |
Denver CO City & County School Dist. | 5.500% | 12/1/26 | 2,500 | 2,910 |
Denver CO City & County Single Family Mortgage Rev. | 5.550% | 12/1/39 | 2,763 | 2,945 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/12 (14) | 26,795 | 25,092 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/13 (14) | 5,000 | 4,482 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/14 (14) | 8,000 | 6,860 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/15 (14) | 5,000 | 4,067 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/18 (14) | 5,000 | 3,364 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/24 (14) | 29,225 | 12,758 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/25 (14) | 14,900 | 6,004 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/27 (14) | 36,465 | 12,541 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/29 (14) | 21,600 | 6,379 |
E-470 Public Highway Auth. Colorado Rev. | 0.000% | 9/1/30 (14) | 14,200 | 3,893 |
Northwest Parkway Public Highway Auth. Colorado Convertible Rev. | 0.000% | 6/15/16 (Prere.) | 10,000 | 11,620 |
Regional Transp. Dist. of Colorado Sales Tax Rev. | 6.000% | 1/15/34 | 1,000 | 1,057 |
Regional Transp. Dist. of Colorado Sales Tax Rev. | 6.000% | 1/15/41 | 8,500 | 8,960 |
| | | | 233,173 |
Connecticut (0.4%) | | | | |
Connecticut Dev. Auth. PCR (Connecticut Power & Light) | 5.850% | 9/1/28 | 25,250 | 25,881 |
|
Delaware (0.0%) | | | | |
Delaware Housing Auth. Single Family Mortgage Rev. | 5.875% | 1/1/38 | 3,230 | 3,490 |
|
District of Columbia (0.8%) | | | | |
District of Columbia Income Tax Rev. | 5.000% | 12/1/19 | 7,000 | 8,316 |
District of Columbia Water & Sewer Auth. Public Util. Rev. | 5.500% | 10/1/39 | 10,000 | 10,903 |
Metro. Washington DC/VA Airports Auth. Airport System Rev. | 5.500% | 10/1/13 (14) | 2,500 | 2,619 |
Metro. Washington DC/VA Airports Auth. Airport System Rev. | 5.500% | 10/1/16 (14) | 2,775 | 2,905 |
Metro. Washington DC/VA Airports Auth. Airport System Rev. | 5.500% | 10/1/17 (14) | 2,000 | 2,092 |
Metro. Washington DC/VA Airports Auth. Airport System Rev. | 5.500% | 10/1/18 (14) | 2,000 | 2,090 |
Metro. Washington DC/VA Airports Auth. Airport System Rev. | 5.250% | 10/1/25 | 15,000 | 16,813 |
Metro. Washington DC/VA Airports Auth. Dulles Toll Road Rev. | 5.000% | 10/1/39 | 8,000 | 8,323 |
Washington DC Metro. Area Transit Auth. Rev. | 5.125% | 7/1/32 | 1,000 | 1,079 |
| | | | 55,140 |
Florida (6.9%) | | | | |
Alachua County FL IDR (North Florida Retirement Village) | 5.625% | 11/15/22 | 5,000 | 4,871 |
Alachua County FL IDR (North Florida Retirement Village) | 5.875% | 11/15/36 | 5,000 | 4,458 |
Beacon Lakes FL Community Dev. | 6.900% | 5/1/35 | 15,915 | 15,964 |
Brevard County FL School Board COP | 5.000% | 7/1/27 (2) | 12,895 | 13,345 |
Broward County FL Educ. Fac. Auth. Rev. (Nova Southeastern Univ. Project) VRDO | 0.310% | 11/1/10 LOC | 2,300 | 2,300 |
Broward County FL School Board COP | 5.000% | 7/1/20 (4) | 5,935 | 6,488 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.500% | 6/1/14 | 7,500 | 8,121 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.000% | 6/1/15 | 25,000 | 26,856 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.000% | 6/1/16 | 6,000 | 6,433 |
Citizens Property Insurance Corp. Florida (High Risk Account) | 5.250% | 6/1/17 | 5,000 | 5,397 |
East Homestead Community Dev. Dist. Florida Special Assessment Rev. | 5.000% | 5/1/11 | 2,765 | 2,192 |
Escambia County FL Environmental Improvement Rev. | 5.750% | 11/1/27 | 6,000 | 6,074 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/21 (14) | 14,455 | 16,133 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.250% | 7/1/26 | 5,000 | 5,547 |
Florida Board of Educ. Rev. (Lottery Rev.) | 5.500% | 7/1/27 | 4,000 | 4,524 |
Florida Housing Finance Agency Rev. | 5.750% | 1/1/37 | 18,715 | 20,414 |
Florida Housing Finance Corp. Rev. (Homeowner Mortgage) | 5.750% | 1/1/37 | 9,670 | 10,548 |
Florida Housing Finance Corp. Rev. (Homeowner Mortgage) | 5.500% | 7/1/48 | 12,325 | 13,239 |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.000% | 7/1/15 | 5,000 | 5,491 |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.000% | 7/1/16 | 5,000 | 5,499 |
Florida Muni. Power Agency Rev. | 6.250% | 10/1/31 | 3,250 | 3,757 |
Gainsville FL Util. System Rev. VRDO | 0.320% | 11/1/10 | 8,035 | 8,035 |
Highlands County FL Health Rev. (Adventist Health System) | 5.250% | 11/15/16 (Prere.) | 365 | 440 |
Highlands County FL Health Rev. (Adventist Health System) | 5.250% | 11/15/36 | 14,435 | 14,742 |
Highlands County FL Health Rev. (Adventist Health System) | 6.000% | 11/15/37 | 5,000 | 5,447 |
Hillsborough County FL IDA (Tampa General Hosp. Project) | 5.250% | 10/1/34 | 2,185 | 2,193 |
Hillsborough County FL IDA (Tampa General Hosp. Project) | 5.250% | 10/1/41 | 10,000 | 9,954 |
Hillsborough County FL IDA (Univ. Community Hosp.) | 5.625% | 8/15/18 (Prere.) | 6,000 | 7,361 |
Jupiter Island FL Util. Rev. | 5.000% | 10/1/39 | 11,005 | 11,676 |
104
High-Yield Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Lee Memorial Health System Florida Hosp. Rev. | 5.250% | 4/1/35 (14) | 41,250 | 41,337 |
Miami-Dade County FL Aviation - Miami International Airport | 5.125% | 10/1/24 (14) | 18,575 | 19,017 |
Miami-Dade County FL Aviation - Miami International Airport | 5.000% | 10/1/27 | 7,170 | 7,454 |
Miami-Dade County FL Aviation - Miami International Airport | 5.000% | 10/1/28 | 13,440 | 13,875 |
Miami-Dade County FL Aviation - Miami International Airport | 5.375% | 10/1/35 | 11,000 | 11,424 |
Miami-Dade County FL Aviation - Miami International Airport | 5.000% | 10/1/37 (14) | 500 | 502 |
Miami-Dade County FL Aviation - Miami International Airport | 5.000% | 10/1/38 (11) | 8,770 | 8,358 |
Miami-Dade County FL Aviation - Miami International Airport | 5.375% | 10/1/41 | 5,000 | 5,161 |
Miami-Dade County FL Expressway Auth. Toll System Rev. | 5.000% | 7/1/40 | 6,500 | 6,614 |
Miami-Dade County FL Public Fac. Rev. (Jackson Memorial Hosp.) | 5.750% | 6/1/39 (12) | 5,250 | 5,649 |
Miami-Dade County FL School Board COP | 5.250% | 10/1/18 (14) | 7,915 | 8,569 |
Miami-Dade County FL School Board COP | 5.000% | 11/1/31 (2) | 6,650 | 6,695 |
Orange County FL Health Fac. Auth. Rev. (Nemours Foundation Project) | 5.000% | 1/1/39 | 5,250 | 5,435 |
Orange County FL Health Fac. Auth. Rev. (Orlando Lutheran Healthcare) | 5.375% | 7/1/20 | 1,100 | 1,049 |
Orange County FL Health Fac. Auth. Rev. (Orlando Lutheran Healthcare) | 5.700% | 7/1/26 | 1,000 | 930 |
Orange County FL Health Fac. Auth. Rev. (Orlando Lutheran Tower) | 5.000% | 7/1/12 | 2,100 | 2,100 |
Orange County FL Health Fac. Auth. Rev. (Orlando Lutheran Tower) | 5.500% | 7/1/32 | 1,200 | 1,050 |
Orange County FL Health Fac. Auth. Rev. (Orlando Lutheran Tower) | 5.500% | 7/1/38 | 1,500 | 1,317 |
Orlando & Orange County FL Expressway Auth. | 5.000% | 7/1/21 (4) | 25,000 | 28,294 |
Orlando FL Special Assessment Rev. (Conroy Road Interchange) | 5.800% | 5/1/26 | 3,000 | 2,949 |
Orlando FL Util. Comm. Water & Electric Rev. | 6.750% | 10/1/17 (ETM) | 2,200 | 2,603 |
Palm Beach County FL Airport System Rev. | 5.750% | 10/1/12 (14) | 7,220 | 7,799 |
Palm Beach County FL Airport System Rev. | 5.750% | 10/1/14 (14) | 6,440 | 7,323 |
Palm Beach County FL Solid Waste Auth. Rev. | 5.000% | 10/1/24 (13) | 3,500 | 3,843 |
Palm Glades Comm. Dev. Dist. (Florida Supplemental Assessment) | 4.850% | 8/1/11 | 2,165 | 1,538 |
Putman County FL Auth. PCR PUT | 5.350% | 5/1/18 (2) | 8,700 | 9,633 |
Sarasota County FL Public Hosp. Rev. (Sarasota Memorial Hosp.) | 5.500% | 7/1/34 | 3,500 | 3,662 |
St. Petersburg FL Health Fac. Auth. Rev. (All Childrens Hosp.) | 6.500% | 11/15/39 | 8,000 | 8,957 |
Tallahassee FL Health Fac. Rev. (Tallahassee Memorial Healthcare) | 6.375% | 12/1/30 | 18,000 | 18,010 |
| | | | 488,646 |
Georgia (1.7%) | | | | |
Atlanta GA Airport Fac. Rev. | 5.000% | 1/1/30 (4) | 10,000 | 10,318 |
Atlanta GA Water & Wastewater Rev. | 6.250% | 11/1/34 | 2,500 | 2,827 |
Atlanta GA Water & Wastewater Rev. | 6.250% | 11/1/39 | 15,000 | 16,867 |
Burke County GA Dev. Auth. PCR (Georgia Power Co. Plant Vogtle) PUT | 5.050% | 1/12/12 | 6,000 | 6,271 |
Burke County GA Dev. Auth. PCR (Oglethorpe Power Corp.) | 5.500% | 1/1/33 | 5,000 | 5,266 |
Cartersville GA Water & Waste Water Fac. (Anheuser-Busch Cos., Inc.) | 7.400% | 11/1/10 | 5,000 | 5,002 |
Dalton County GA Dev. Auth. (Hamilton Health Care System) | 5.500% | 8/15/17 (14) | 5,000 | 5,359 |
Fulton County GA Residential Care Fac. (Canterbury Court) | 6.125% | 2/15/34 | 2,000 | 1,841 |
Georgia Housing Finance Auth. Rev. | 5.000% | 12/1/26 | 4,320 | 4,421 |
Georgia Muni. Electric Power Auth. Rev. | 6.600% | 1/1/18 (14) | 4,060 | 4,827 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/18 | 5,000 | 5,461 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.000% | 3/15/19 | 15,000 | 16,213 |
Main Street Natural Gas Inc. Georgia Gas Project Rev. | 5.500% | 9/15/28 | 7,195 | 7,529 |
Marietta GA Dev. Auth. Rev. | 7.000% | 6/15/30 | 4,000 | 4,085 |
Marietta GA Dev. Auth. Rev. | 7.000% | 6/15/39 | 6,000 | 6,081 |
Muni. Electric Auth. Georgia Rev. | 5.000% | 1/1/20 | 7,000 | 8,030 |
Muni. Electric Auth. Georgia Rev. (General Resolution Projects) | 5.500% | 1/1/26 | 7,000 | 7,751 |
Richmond County GA Dev. Auth. Environmental Improvement Rev. | 5.750% | 11/1/27 | 3,000 | 3,039 |
| | | | 121,188 |
Guam (0.8%) | | | | |
Guam Govt. GO | 5.000% | 11/15/23 | 4,500 | 4,266 |
Guam Govt. GO | 5.125% | 11/15/27 | 5,000 | 4,775 |
Guam Govt. GO | 6.750% | 11/15/29 | 8,000 | 8,861 |
Guam Govt. GO | 5.250% | 11/15/37 | 20,400 | 19,528 |
Guam Govt. GO | 7.000% | 11/15/39 | 10,000 | 11,204 |
Guam Govt. Waterworks Auth. Water & Wastewater System Rev. | 6.000% | 7/1/25 | 2,000 | 2,050 |
Guam Govt. Waterworks Auth. Water & Wastewater System Rev. | 5.875% | 7/1/35 | 5,000 | 5,066 |
| | | | 55,750 |
Hawaii (0.4%) | | | | |
Hawaii Dept. of Budget & Finance Rev. (Kahala Nui Project) | 8.000% | 11/15/33 | 8,750 | 9,348 |
Hawaii Pacific Health Rev. | 5.500% | 7/1/40 | 7,000 | 6,919 |
Hawaii Pacific Health Rev. | 5.750% | 7/1/40 | 3,000 | 3,106 |
Honolulu HI City & County Wastewater System Rev. | 0.000% | 7/1/17 (14) | 6,000 | 4,837 |
Honolulu HI City & County Wastewater System Rev. | 0.000% | 7/1/18 (14) | 2,000 | 1,531 |
| | | | 25,741 |
Idaho (0.4%) | | | | |
Idaho Health Fac. Auth. Rev. (St. Lukes Medical Center) | 5.000% | 7/1/35 | 4,000 | 4,095 |
Idaho Housing & Finance Assn. | 5.000% | 7/15/23 | 8,430 | 9,392 |
Idaho Housing & Finance Assn. RAN | 5.000% | 7/15/27 | 7,000 | 7,569 |
105
High-Yield Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Idaho Housing & Finance Assn. Single Family Mortgage Rev. | 5.125% | 1/1/29 | 2,815 | 2,845 |
Madison County ID Hosp. Rev. | 5.250% | 9/1/37 | 1,650 | 1,444 |
| | | | 25,345 |
Illinois (4.4%) | | | | |
1 Chicago IL Board of Educ. GO | 5.000% | 12/1/31 | 5,000 | 5,131 |
Chicago IL GO | 0.000% | 1/1/16 (Prere.) | 7,795 | 9,161 |
Chicago IL GO | 0.000% | 1/1/16 (Prere.) | 7,445 | 8,760 |
Chicago IL GO | 5.000% | 12/1/23 | 6,970 | 7,600 |
Chicago IL GO | 0.000% | 1/1/26 (14) | 2,755 | 2,956 |
Chicago IL GO | 0.000% | 1/1/27 (14) | 2,630 | 2,814 |
Chicago IL Midway Airport Rev. | 5.500% | 1/1/14 (4) | 6,410 | 6,511 |
Chicago IL Midway Airport Rev. | 5.500% | 1/1/15 (4) | 4,760 | 4,833 |
Chicago IL Midway Airport Rev. | 5.500% | 1/1/16 (4) | 7,135 | 7,240 |
Chicago IL Midway Airport Rev. | 5.500% | 1/1/17 (4) | 7,525 | 7,632 |
Chicago IL Midway Airport Rev. | 5.500% | 1/1/18 (4) | 7,940 | 8,048 |
Chicago IL O’Hare International Airport Rev. | 5.250% | 1/1/30 | 3,655 | 3,879 |
Chicago IL Park Dist. | 5.000% | 1/1/33 | 4,500 | 4,685 |
Chicago IL Public Building Comm. GO | 7.000% | 1/1/20 (ETM) | 10,000 | 13,119 |
Chicago IL Water Rev. | 5.250% | 11/1/38 | 15,000 | 15,915 |
Illinois Educ. Fac. Auth. Rev. (Northwestern Univ.) | 5.500% | 8/15/14 (Prere.) | 500 | 581 |
Illinois Finance Auth. Gas Supply Rev. (Peoples Gas Light & Coke) PUT | 2.125% | 7/1/14 | 2,875 | 2,894 |
Illinois Finance Auth. Rev. (Childrens Memorial Hosp.) | 5.375% | 8/15/39 | 22,500 | 22,619 |
Illinois Finance Auth. Rev. (Little Co. Mary Hosp.) | 5.375% | 8/15/40 | 4,500 | 4,424 |
Illinois Finance Auth. Rev. (Navistar International Project) | 6.500% | 10/15/40 | 11,000 | 11,413 |
Illinois Finance Auth. Rev. (Northwestern Community Hosp.) | 5.375% | 7/1/33 | 6,000 | 6,339 |
2 Illinois Finance Auth. Rev. (Northwestern Univ.) TOB VRDO | 0.300% | 11/1/10 | 3,920 | 3,920 |
Illinois Finance Auth. Rev. (OSF Healthcare System) | 7.000% | 11/15/29 | 10,000 | 11,339 |
Illinois Finance Auth. Rev. (OSF Healthcare System) | 5.750% | 11/15/37 | 8,185 | 8,389 |
Illinois Finance Auth. Rev. (OSF Healthcare System) | 6.000% | 5/15/39 | 6,500 | 6,857 |
Illinois Finance Auth. Rev. (Riverside Health System) | 6.250% | 11/15/35 | 4,600 | 4,911 |
Illinois Finance Auth. Rev. (Rockford Memorial Hospital) VRDO | 0.280% | 11/5/10 LOC | 20,200 | 20,200 |
Illinois Finance Auth. Rev. (Rush Univ. Medical Center) | 6.625% | 11/1/39 | 10,000 | 10,970 |
Illinois Finance Auth. Rev. (Silver Cross & Medical Centers) | 7.000% | 8/15/44 | 14,000 | 15,623 |
Illinois Finance Auth. Rev. (Tabor Hills Supportive Living) | 5.250% | 11/15/36 | 3,000 | 2,417 |
Illinois Finance Auth. Rev. (Univ. of Chicago Medical Center) | 5.000% | 8/15/21 | 6,000 | 6,616 |
3 Illinois Finance Auth. Student Housing Rev. | 5.125% | 6/1/35 | 4,000 | 2,200 |
Illinois GO | 5.000% | 1/1/16 (4) | 8,000 | 8,809 |
Illinois Health Fac. Auth. Rev. (Centegra Health System) | 5.100% | 9/1/11 (2) | 3,105 | 3,113 |
Illinois Health Fac. Auth. Rev. (Centegra Health System) | 5.250% | 9/1/18 (2) | 2,500 | 2,502 |
Illinois Sports Fac. Auth. Rev. | 0.000% | 6/15/30 (2) | 8,635 | 9,147 |
Illinois State Build Rev. | 5.000% | 6/15/17 | 7,000 | 8,057 |
Illinois State Tollway Highway Auth. Toll Highway Rev. | 5.250% | 1/1/30 | 5,000 | 5,404 |
Illinois State Tollway Highway Auth. Toll Highway Rev. | 5.000% | 1/1/31 | 6,000 | 6,334 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 5.250% | 6/15/42 (14) | 10,000 | 10,095 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 0.000% | 6/15/44 (4) | 10,000 | 1,279 |
Metro. Pier & Exposition Auth. Illinois Dedicated Sales Tax Rev. | 5.250% | 6/15/50 | 7,210 | 7,329 |
| | | | 312,065 |
Indiana (1.7%) | | | | |
Indiana Dev. Finance Auth. IDR (Republic Services Inc.) VRDO | 0.310% | 11/1/10 LOC | 7,100 | 7,100 |
Indiana Finance Auth. Rev. (Duke Energy Project) | 4.950% | 10/1/40 | 10,015 | 10,156 |
Indiana Health Fac. Auth. Finance Auth. Rev. (Clarian Health Obligation Group) | 5.000% | 2/15/39 | 17,535 | 16,891 |
Indiana Health Fac. Finance Auth. Rev. (Ancilla System, Inc.) | 7.375% | 7/1/23 (ETM) | 19,400 | 26,876 |
Indiana Muni. Power Agency Rev. | 6.000% | 1/1/39 | 13,275 | 14,594 |
Indiana Office Building Comm. Rev. (Capitol Complex) | 6.900% | 7/1/11 | 3,055 | 3,164 |
Indianapolis IN Airport Auth. Rev. (Federal Express Corp.) | 5.100% | 1/15/17 | 13,500 | 14,563 |
Indianapolis IN Local Public Improvement Rev. | 6.750% | 2/1/14 | 18,160 | 19,638 |
Indianapolis IN Local Public Improvement Rev. (Bond Bank Infrastructure) | 5.000% | 1/1/30 (12) | 2,720 | 2,923 |
Rockport IN PCR (Michigan Power Company) PUT | 6.250% | 6/2/14 | 6,750 | 7,550 |
| | | | 123,455 |
Iowa (0.4%) | | | | |
Iowa Higher Educ. Loan Auth. Rev. Private College Fac. (Grinnell College Project) | 5.000% | 12/1/19 | 2,500 | 2,999 |
Tobacco Settlement Financing Corp. Iowa Rev. | 0.000% | 6/1/34 | 25,000 | 22,302 |
| | | | 25,301 |
Kansas (0.6%) | | | | |
Olathe Kansas Senior Living Fac. Rev. Catholic Care Campus Inc. | 6.000% | 11/15/26 | 2,000 | 1,924 |
Olathe Kansas Senior Living Fac. Rev. Catholic Care Campus Inc. | 6.000% | 11/15/38 | 2,000 | 1,824 |
Overland Park KS Convention Center & Hotel Project | 7.375% | 1/1/11 (Prere.) | 8,985 | 9,183 |
Overland Park KS Convention Center & Hotel Project | 9.000% | 1/1/11 (Prere.) | 21,100 | 21,611 |
Univ. of Kansas Hosp. Auth. Health System | 5.000% | 9/1/36 | 9,330 | 9,471 |
| | | | 44,013 |
106
High-Yield Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Kentucky (0.6%) | | | | |
Jefferson County KY Health Fac. Rev. (Jewish Hosp. Health) | 5.650% | 1/1/17 (2) | 8,000 | 8,016 |
Jefferson County KY Health Fac. Rev. (Jewish Hosp. Health) | 5.700% | 1/1/21 (2) | 1,750 | 1,752 |
Kentucky Asset/Liability Comm. General Fund Rev. | 5.000% | 9/1/17 (14) | 7,500 | 8,408 |
Kentucky Housing Corp. Rev. | 5.250% | 7/1/32 | 8,420 | 8,931 |
Kentucky Turnpike Auth. Econ. Dev. Road Rev. | 5.000% | 7/1/25 | 2,335 | 2,591 |
Louisville & Jefferson County KY Metro. Health Fac. Rev. | 5.750% | 2/1/27 | 9,400 | 9,906 |
| | | | 39,604 |
Louisiana (2.2%) | | | | |
East Baton Rouge LA Sewer Commission Rev. | 5.250% | 2/1/39 | 7,500 | 8,012 |
Louisiana Housing Finance Agency Single Family Mortgage Rev. Home Ownership | 5.950% | 6/1/38 | 7,390 | 8,124 |
Louisiana Local Govt. Environment Fac. & Community (Westlake Chemical Corp.) PUT | 6.500% | 8/1/29 | 7,500 | 7,980 |
Louisiana Local Govt. Environment Fac. & Community Dev. Auth. Rev. (Women’s Hosp.) | 5.875% | 10/1/40 | 13,990 | 14,343 |
Louisiana Local Govt. Environment Fac. & Community Dev. Auth. Rev. (Women’s Hosp.) | 6.000% | 10/1/44 | 8,095 | 8,326 |
Louisiana Public Fac. Auth. Rev. (Ochsner Clinic) | 5.250% | 5/15/38 | 26,500 | 25,748 |
Louisiana State Citizens Property Insurance Corp. Assessment Rev. | 6.750% | 6/1/26 (12) | 6,000 | 7,027 |
New Orleans LA Aviation Board Rev. | 6.000% | 1/1/23 (12) | 5,000 | 5,762 |
Saint John Baptist Parish Louisiana Rev. (Marathon Oil Corp.) | 5.125% | 6/1/37 | 34,200 | 33,817 |
St. James Parish LA Rev. (Nustar Logistics LP Project) VRDO | 0.280% | 11/5/10 LOC | 22,500 | 22,500 |
Tobacco Settlement Financing Corp. Louisiana Rev. | 5.875% | 5/15/39 | 11,995 | 12,103 |
| | | | 153,742 |
Maine (0.1%) | | | | |
Maine Health & Higher Educ. Fac. Auth. Rev. | 5.000% | 7/1/39 | 8,000 | 8,473 |
|
Maryland (1.3%) | | | | |
Baltimore MD Special Obligation Rev. | 7.000% | 9/1/38 | 8,000 | 8,262 |
Maryland Dept. of Housing & Community Dev. Rev. | 5.750% | 3/1/41 | 9,700 | 10,513 |
Maryland Dept. of Housing & Community Dev. Rev. VRDO | 0.300% | 11/5/10 | 19,000 | 19,000 |
Maryland Econ. Dev. Corp. Rev. (Chesapeake Bay Conference Center) | 5.000% | 12/1/16 | 3,000 | 2,576 |
Maryland Econ. Dev. Corp. Rev. (Chesapeake Bay Conference Center) | 5.000% | 12/1/31 | 4,000 | 2,770 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (King Farm Presbyterian Community) | 5.000% | 1/1/17 | 9,145 | 8,940 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 5.250% | 7/1/11 (Prere.) | 8,070 | 8,337 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 5.250% | 7/1/11 (Prere.) | 15,500 | 16,013 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 5.750% | 7/1/11 (Prere.) | 3,930 | 4,073 |
Maryland Health & Higher Educ. Fac. Auth. Rev. (Univ. of Maryland Medical System) | 6.000% | 7/1/12 (Prere.) | 3,000 | 3,271 |
Maryland Ind. Dev. Financing Auth. Econ. Dev. Rev. (Our Lady of Good Counsel School) | 5.500% | 5/1/20 | 420 | 419 |
Maryland Ind. Dev. Financing Auth. Econ. Dev. Rev. (Our Lady of Good Counsel School) | 6.000% | 5/1/35 | 2,000 | 1,985 |
Maryland State & Local Fac. Rev. | 5.000% | 2/15/15 (Prere.) | 6,000 | 6,984 |
| | | | 93,143 |
Massachusetts (2.3%) | | | | |
Massachusetts College Building Auth. Rev. | 5.000% | 5/1/29 | 1,500 | 1,637 |
Massachusetts College Building Auth. Rev. | 5.000% | 5/1/30 | 1,500 | 1,626 |
Massachusetts Dept. of Transp. Metro Highway System Rev. | 5.000% | 1/1/32 | 12,500 | 13,147 |
Massachusetts Dev. Finance Agency Rev. (Suffolk Univ.) | 5.125% | 7/1/40 | 9,000 | 8,871 |
Massachusetts GO | 5.000% | 9/1/15 (Prere.) | 8,000 | 9,420 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Boston Medical Center) | 5.250% | 7/1/38 | 8,440 | 8,083 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Caritas Christi Obligated Group) | 5.700% | 7/1/15 | 15,960 | 15,998 |
4 Massachusetts Health & Educ. Fac. Auth. Rev. (MIT) | 5.500% | 7/1/36 | 5,100 | 5,762 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) | 5.000% | 10/1/19 | 7,005 | 8,071 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) PUT | 4.125% | 2/16/12 | 6,000 | 6,197 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) PUT | 4.100% | 4/19/12 | 2,000 | 2,079 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Suffolk Univ.) | 6.250% | 7/1/30 | 5,000 | 5,520 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Univ. of Massachusetts Memorial Health Care Inc.) | 6.500% | 7/1/11 | 1,560 | 1,604 |
Massachusetts Health & Educ. Fac. Auth. Rev. (Univ. of Massachusetts Memorial Health Care Inc.) | 6.625% | 7/1/32 | 17,000 | 17,174 |
Massachusetts Muni. Wholesale Electric Co. Power System Rev. | 5.250% | 7/1/15 (14) | 7,535 | 7,862 |
Massachusetts School Building Auth. Dedicated Sales Tax Rev. | 5.000% | 8/15/24 (4) | 9,000 | 9,947 |
Massachusetts School Building Auth. Dedicated Sales Tax Rev. | 5.000% | 8/15/26 (4) | 12,570 | 13,616 |
Massachusetts School Building Auth. Dedicated Sales Tax Rev. | 5.000% | 8/15/30 (4) | 10,000 | 10,582 |
Massachusetts Special Obligation Dedicated Tax Rev. | 5.750% | 1/1/14 (Prere.) | 15,000 | 17,209 |
| | | | 164,405 |
Michigan (3.1%) | | | | |
Delta County MI Econ. Dev. Corp. Rev. (Mead Westvaco) | 6.250% | 4/15/12 (Prere.) | 11,000 | 11,927 |
Detroit MI Sewer System Rev. | 5.125% | 7/1/33 (14) | 6,030 | 6,049 |
Detroit MI Sewer System Rev. | 7.500% | 7/1/33 (4) | 12,000 | 14,623 |
Detroit MI Water Supply System Rev. | 7.000% | 7/1/36 (4) | 4,500 | 5,268 |
1 Jackson County MI Hosp. Finance Auth. Rev. (Allegiance Health) | 5.250% | 6/1/37 | 10,000 | 9,873 |
Kalamazoo MI Hosp. Financing Auth. Rev. (Bronson Methodist Hosp.) | 5.000% | 5/15/30 | 10,000 | 9,950 |
Michigan GO | 5.250% | 9/15/26 (4) | 12,000 | 12,894 |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) | 5.000% | 11/15/22 | 8,655 | 9,534 |
Michigan Hosp. Finance Auth. Rev. (Henry Ford Health System) | 5.250% | 11/15/46 | 44,500 | 44,413 |
Michigan Hosp. Finance Auth. Rev. (MidMichigan Obligated Group) | 6.125% | 6/1/34 | 4,065 | 4,402 |
107
High-Yield Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Michigan Housing Dev. Auth. Rev. (Rental Housing) VRDO | 0.310% | 11/1/10 | 18,495 | 18,495 |
Michigan Housing Dev. Auth. Rev. (Rental Housing) VRDO | 0.330% | 11/1/10 (4) | 11,455 | 11,455 |
Michigan Muni. Bond Auth. Rev. | 5.000% | 10/1/29 | 5,190 | 5,744 |
Michigan Tobacco Settlement Financing Auth. Rev. | 6.875% | 6/1/42 | 15,000 | 15,065 |
Michigan Tobacco Settlement Financing Auth. Rev. | 6.000% | 6/1/48 | 4,775 | 3,796 |
Royal Oak Hosp. Finance Auth. MI (Beaumont Hosp.) | 6.000% | 8/1/39 | 7,000 | 7,250 |
Saginaw MI Hosp. Fin. Auth. Hosp. Rev. (Covenant Medical Center Inc.) | 5.000% | 7/1/30 | 10,000 | 9,839 |
Wayne County Michigan Airport Auth. Rev. (Detroit Metropolitan Wayne County Airport) VRDO | 0.300% | 11/5/10 LOC | 9,050 | 9,050 |
Wayne County Michigan Airport Auth. Rev. (Detroit Metropolitan Wayne County Airport) VRDO | 0.300% | 11/5/10 LOC | 13,785 | 13,785 |
| | | | 223,412 |
Minnesota (0.5%) | | | | |
Dakota County MN Community Dev. Agency Multifamily Housing Rev. (Highview Hills) | 7.000% | 8/1/45 | 8,000 | 8,027 |
Maple Grove MN Health Care System Rev. (Maple Grove Hosp. Corp.) | 5.250% | 5/1/28 | 4,500 | 4,584 |
Maple Grove MN Health Care System Rev. (Maple Grove Hosp. Corp.) | 5.250% | 5/1/37 | 9,250 | 9,296 |
Minneapolis MN Health Care System (Fairview Health Services) | 6.750% | 11/15/32 | 8,250 | 9,407 |
Minnesota Housing Finance Agency Residential Housing Finance VRDO | 0.300% | 11/5/10 | 6,495 | 6,495 |
| | | | 37,809 |
Mississippi (0.2%) | | | | |
Mississippi Dev. Bank Special Obligation Muni. Energy Agency Rev. | 5.000% | 3/1/31 (10) | 11,365 | 11,391 |
|
Missouri (1.4%) | | | | |
Kansas City MO Special Obligation VRDO | 0.280% | 11/5/10 LOC | 5,900 | 5,900 |
Kirkwood MO IDA Retirement Community Rev. (Aberdeen Heights) | 8.250% | 5/15/39 | 5,000 | 5,290 |
Kirkwood MO IDA Retirement Community Rev. (Aberdeen Heights) | 8.250% | 5/15/45 | 5,000 | 5,180 |
Missouri Dev. Finance Board Infrastructure Fac. Branson Landing Rev. | 5.000% | 6/1/35 | 9,000 | 8,548 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (Cox Health) | 5.250% | 11/15/29 | 1,400 | 1,429 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (Cox Health) | 5.500% | 11/15/33 | 6,500 | 6,678 |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (St. Luke’s Health System) | 5.000% | 11/15/40 | 6,000 | 6,056 |
Missouri Housing Dev. Corp. Single Family Mortgage Rev. | 6.050% | 3/1/37 | 7,345 | 7,822 |
Missouri Housing Dev. Corp. Single Family Mortgage Rev. | 6.000% | 3/1/38 | 3,280 | 3,517 |
Missouri Housing Dev. Corp. Single Family Mortgage Rev. | 5.600% | 9/1/38 | 6,505 | 6,935 |
Missouri Joint. Muni. Electric Util. Comm. Power Project Rev. (Plum Point Project) | 5.000% | 1/1/28 (14) | 5,000 | 5,050 |
St. Louis MO Airport Rev. Lambert-St. Louis International Airport | 5.500% | 7/1/27 (14) | 10,000 | 10,607 |
St. Louis MO Airport Rev. Lambert-St. Louis International Airport | 5.500% | 7/1/28 (14) | 10,000 | 10,557 |
St. Louis MO Airport Rev. Lambert-St. Louis International Airport | 5.500% | 7/1/29 (14) | 6,000 | 6,301 |
Sugar Creek MO IDR Lafarge North America | 5.650% | 6/1/37 | 11,000 | 10,494 |
| | | | 100,364 |
Montana (0.3%) | | | | |
Montana Board Housing (Single Family Mortgage) Rev. | 5.750% | 12/1/37 | 4,075 | 4,396 |
Montana Fac. Finance Auth. Rev. | 4.750% | 1/1/40 | 15,000 | 15,518 |
| | | | 19,914 |
Nebraska (0.5%) | | | | |
Lancaster County NE Hosp. Auth. Rev. (BryanLGH Medical Center) | 5.250% | 6/1/11 (Prere.) | 5,500 | 5,662 |
Nebraska Public Power Dist. Rev. | 5.000% | 1/1/38 | 6,500 | 6,778 |
Omaha NE Public Power Dist. Electric Rev. | 5.000% | 2/1/42 (2) | 19,275 | 19,762 |
Washington County NE Ind. Dev. Rev. (Cargill Dow Polymers LLC) VRDO | 0.280% | 11/5/10 LOC | 5,400 | 5,400 |
| | | | 37,602 |
Nevada (0.6%) | | | | |
Clark County NV Ind. Dev. Rev. (Southwest Gas Corp.) VRDO | 0.280% | 11/5/10 LOC | 7,100 | 7,100 |
Clark County NV School Dist. GO | 5.000% | 6/15/25 | 10,000 | 10,788 |
Henderson NV Health Care Fac. Rev. (Catholic Healthcare West) | 5.250% | 7/1/31 | 11,750 | 12,055 |
Nevada Capital Improvement & Cultural Affairs GO | 5.000% | 12/1/23 (14) | 5,000 | 5,445 |
Sparks NV Local Improvement Dist. Rev. | 6.500% | 9/1/20 | 3,210 | 3,215 |
Sparks NV Local Improvement Dist. Rev. | 6.750% | 9/1/27 | 3,785 | 3,681 |
| | | | 42,284 |
New Jersey (6.5%) | | | | |
Hudson County NJ Improvement Auth. Solid Waste Systems Rev. | 6.125% | 1/1/19 | 2,000 | 1,816 |
Hudson County NJ Improvement Auth. Solid Waste Systems Rev. | 6.000% | 1/1/29 | 7,500 | 6,133 |
Hudson County NJ Improvement Auth. Solid Waste Systems Rev. | 6.125% | 1/1/29 | 10,000 | 8,288 |
Hudson County NJ Improvement Auth. Solid Waste Systems Rev. | 6.125% | 1/1/29 | 2,000 | 1,646 |
New Jersey COP | 5.250% | 6/15/27 | 5,000 | 5,376 |
New Jersey Econ. Dev. Auth. Retirement Community Rev. (Seabrook Village Inc.) | 5.250% | 11/15/26 | 2,000 | 1,833 |
New Jersey Econ. Dev. Auth. Retirement Community Rev. (Seabrook Village Inc.) | 5.250% | 11/15/36 | 2,000 | 1,765 |
New Jersey Econ. Dev. Auth. Rev. (Cigarette Tax) | 5.750% | 6/15/29 | 20,000 | 19,684 |
New Jersey Econ. Dev. Auth. Rev. (Cigarette Tax) | 5.500% | 6/15/31 | 6,500 | 6,337 |
New Jersey Econ. Dev. Auth. Rev. (Kapkowski Road Landfill - DST Project Elizabeth) | 6.375% | 5/15/14 (Prere.) | 2,250 | 2,671 |
New Jersey Econ. Dev. Auth. Rev. (Lions Gate Project) | 5.000% | 1/1/15 | 825 | 825 |
New Jersey Econ. Dev. Auth. Rev. (Lions Gate Project) | 5.750% | 1/1/25 | 710 | 684 |
New Jersey Econ. Dev. Auth. Rev. (Lions Gate Project) | 5.875% | 1/1/37 | 1,230 | 1,100 |
New Jersey Econ. Dev. Auth. Rev. (Montclair Univ. Student Housing) | 5.750% | 6/1/31 | 4,000 | 4,183 |
108
High-Yield Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
New Jersey Econ. Dev. Auth. Rev. (Motor Vehicle Comm.) | 5.250% | 7/1/24 (14) | 18,055 | 20,050 |
New Jersey Econ. Dev. Auth. Rev. (Presbyterian Home at Montgomery) | 6.375% | 11/1/31 | 10,000 | 9,430 |
New Jersey Econ. Dev. Auth. Rev. (School Fac. Construction) | 5.250% | 9/1/28 | 10,200 | 11,109 |
New Jersey Econ. Dev. Auth. Rev. VRDO | 0.250% | 11/5/10 LOC | 18,900 | 18,900 |
New Jersey Econ. Dev. Auth. Special Fac. Rev. (Continental Airlines, Inc.) | 6.625% | 9/15/12 | 12,000 | 12,162 |
New Jersey Educ. Fac. Auth. Rev. (Richard Stockton College) | 5.375% | 7/1/38 | 3,395 | 3,593 |
New Jersey Educ. Fac. Auth. Rev. (Univ. Medical & Dentistry) | 7.500% | 12/1/32 | 6,500 | 7,544 |
New Jersey Environmental Infrastructure Trust | 5.000% | 9/1/15 | 4,465 | 5,248 |
New Jersey GO | 5.000% | 8/15/20 | 5,000 | 5,879 |
New Jersey Health Care Fac. Financing Auth. Rev. (Hosp. Capital Asset Pooled Program) VRDO | 0.270% | 11/5/10 LOC | 25,000 | 25,000 |
New Jersey Health Care Fac. Financing Auth. Rev. (Hosp. Capital Asset Pooled Program) VRDO | 0.270% | 11/5/10 LOC | 17,750 | 17,750 |
New Jersey Health Care Fac. Financing Auth. Rev. (South Jersey Hosp.) | 5.000% | 7/1/22 | 2,400 | 2,517 |
New Jersey Health Care Fac. Financing Auth. Rev. (Virtua Health) | 5.750% | 7/1/33 | 6,700 | 7,166 |
2 New Jersey Health Care Fac. Financing Auth. Rev. TOB VRDO | 0.300% | 11/5/10 (12) | 9,585 | 9,585 |
New Jersey Sports & Exposition Auth. Rev. | 6.500% | 3/1/13 | 1,315 | 1,410 |
New Jersey Transp. Corp. COP | 5.750% | 9/15/15 | 26,620 | 28,371 |
New Jersey Transp. Corp. COP | 5.000% | 9/15/19 (4) | 7,000 | 7,437 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.500% | 12/15/17 (4) | 7,000 | 8,307 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.250% | 12/15/19 | 14,000 | 16,287 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.500% | 12/15/21 | 14,000 | 16,467 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.750% | 6/15/23 (14) | 10,000 | 11,702 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/25 (2) | 30,000 | 14,087 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/27 | 15,000 | 6,164 |
New Jersey Transp. Trust Fund Auth. Rev. | 0.000% | 12/15/28 | 3,430 | 1,310 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.625% | 12/15/28 | 20,000 | 21,930 |
New Jersey Transp. Trust Fund Auth. Rev. | 5.500% | 12/15/38 (12) | 8,000 | 8,855 |
New Jersey Turnpike Auth. Rev. | 0.000% | 1/1/35 (2) | 21,495 | 17,879 |
New Jersey Turnpike Auth. Rev. | 5.000% | 1/1/35 | 9,400 | 10,041 |
New Jersey Turnpike Auth. Rev. | 5.250% | 1/1/40 | 7,000 | 7,559 |
New Jersey Turnpike Auth. Rev. VRDO | 0.340% | 11/5/10 (4) | 17,000 | 17,000 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 4.500% | 6/1/23 | 3,845 | 3,599 |
Tobacco Settlement Financing Corp. New Jersey Rev. | 4.625% | 6/1/26 | 46,750 | 41,030 |
| | | | 457,709 |
New Mexico (0.9%) | | | | |
New Mexico Finance Auth. Transp. Rev. | 5.000% | 6/15/21 | 10,000 | 11,911 |
New Mexico Finance Auth. Transp. Rev. | 5.000% | 12/15/26 | 8,000 | 8,772 |
New Mexico Hosp. Equipment Loan Council Hosp. System Rev. (Presbyterian Healthcare Services) | 5.500% | 8/1/11 (Prere.) | 27,550 | 28,885 |
New Mexico Mortgage Finance Auth. Single Family Mortgage | 5.600% | 7/1/38 | 6,750 | 7,252 |
New Mexico Mortgage Finance Auth. Single Family Mortgage | 5.300% | 1/1/39 | 5,135 | 5,463 |
| | | | 62,283 |
New York (10.0%) | | | | |
Brooklyn NY Local Dev. Corp. Rev. (Brooklyn Arena) | 6.375% | 7/15/43 | 5,000 | 5,431 |
Erie County NY IDA School Fac. Rev. GO | 5.750% | 5/1/20 (4) | 5,000 | 5,548 |
Erie County NY IDA School Fac. Rev. GO | 5.750% | 5/1/21 (4) | 3,745 | 4,107 |
Erie County NY IDA School Fac. Rev. GO | 5.750% | 5/1/22 (4) | 4,500 | 4,916 |
Hudson Yards Infrastructure Corp. New York Rev. | 4.500% | 2/15/47 (14) | 16,500 | 15,758 |
Hudson Yards Infrastructure Corp. New York Rev. | 5.000% | 2/15/47 | 2,250 | 2,254 |
Long Island NY Power Auth. Electric System Rev. | 0.000% | 6/1/12 (4) | 10,000 | 9,861 |
Long Island NY Power Auth. Electric System Rev. | 5.500% | 4/1/22 | 10,000 | 11,467 |
Long Island NY Power Auth. Electric System Rev. | 5.500% | 4/1/24 | 5,000 | 5,646 |
Long Island NY Power Auth. Electric System Rev. | 5.000% | 9/1/35 | 10,340 | 10,677 |
Metro. New York Transp. Auth. Rev. | 5.000% | 11/15/18 | 2,500 | 2,891 |
Metro. New York Transp. Auth. Rev. | 5.250% | 11/15/20 (14) | 6,650 | 7,771 |
Metro. New York Transp. Auth. Rev. | 5.250% | 11/15/20 (12) | 8,415 | 10,081 |
Metro. New York Transp. Auth. Rev. | 5.125% | 11/15/31 | 12,205 | 12,547 |
Metro. New York Transp. Auth. Rev. | 5.000% | 11/15/33 (2) | 7,900 | 8,119 |
Metro. New York Transp. Auth. Rev. (Dedicated Petroleum Tax) | 6.000% | 4/1/20 (14)(ETM) | 9,000 | 11,216 |
Metro. New York Transp. Auth. Rev. (Dedicated Petroleum Tax) | 5.000% | 11/15/34 | 3,250 | 3,459 |
Metro. New York Transp. Auth. Rev. (Transit Rev.) | 5.500% | 11/15/18 (2) | 5,000 | 5,950 |
Metro. New York Transp. Auth. Rev. PUT | 5.000% | 11/15/13 | 10,000 | 11,028 |
Nassau County NY GO | 4.000% | 10/1/21 | 9,400 | 10,053 |
New York City NY GO | 5.000% | 8/1/17 | 7,000 | 8,175 |
New York City NY GO | 5.000% | 3/1/18 | 1,990 | 2,311 |
New York City NY GO | 5.000% | 8/1/19 | 30,000 | 34,920 |
New York City NY GO | 5.000% | 8/1/20 | 5,000 | 5,773 |
New York City NY GO | 5.000% | 1/1/25 | 5,750 | 6,172 |
New York City NY GO | 5.000% | 8/1/26 | 5,000 | 5,474 |
New York City NY GO | 5.000% | 11/1/26 | 15,000 | 16,098 |
New York City NY Health & Hosp. Corp. Rev. (Health System) | 5.000% | 2/15/30 | 6,000 | 6,356 |
2 New York City NY Housing Dev. Corp. Multi-Family Rev. TOB VRDO | 0.340% | 11/5/10 | 5,445 | 5,445 |
New York City NY IDA (Yankee Stadium) | 0.000% | 3/1/26 (12) | 5,000 | 2,337 |
109
High-Yield Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
New York City NY IDA (Yankee Stadium) | 0.000% | 3/1/27 (12) | 4,195 | 1,842 |
New York City NY IDA (Yankee Stadium) | 0.000% | 3/1/28 (12) | 4,200 | 1,730 |
New York City NY IDA (Yankee Stadium) | 5.000% | 3/1/36 (14) | 8,075 | 8,115 |
New York City NY IDA Special Fac. Rev. | 7.750% | 8/1/31 | 31,000 | 32,893 |
New York City NY IDA Special Fac. Rev. PUT | 5.500% | 1/1/16 | 3,250 | 3,528 |
New York City NY IDA Special Fac. Rev. PUT | 5.500% | 1/1/16 | 3,500 | 3,785 |
New York City NY IDA Special Fac. Rev. PUT | 5.500% | 1/1/16 | 4,500 | 4,823 |
New York City NY IDA Special Fac. Rev. PUT | 5.500% | 1/1/16 | 4,000 | 4,255 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.000% | 6/15/31 | 10,000 | 10,926 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.000% | 6/15/35 | 7,500 | 8,014 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.000% | 6/15/35 (14) | 22,035 | 22,894 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.000% | 6/15/39 | 4,825 | 5,145 |
New York City NY Muni. Water Finance Auth. Water & Sewer System Rev. | 5.250% | 6/15/40 | 15,000 | 16,345 |
New York City NY Sales Tax Asset Receivable Corp. | 5.000% | 10/15/26 (14) | 9,000 | 9,818 |
New York City NY Transitional Finance Auth. Rev. | 5.125% | 1/15/33 | 5,000 | 5,376 |
New York City NY Transitional Finance Auth. Rev. | 5.000% | 1/15/34 | 8,650 | 9,131 |
New York City NY Transitional Finance Auth. Rev. | 5.125% | 1/15/34 | 6,000 | 6,425 |
New York City NY Transitional Finance Auth. Rev. Future Tax | 5.000% | 11/1/22 | 6,475 | 7,439 |
New York Liberty Dev. Corp. Rev. | 6.375% | 7/15/49 | 8,750 | 9,375 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.500% | 3/15/19 (2) | 5,000 | 6,065 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/22 (4) | 5,500 | 6,062 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 3/15/28 | 6,750 | 7,397 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 2/15/29 | 5,125 | 5,582 |
New York State Dormitory Auth. Rev. (Personal Income Tax) | 5.000% | 2/15/35 | 7,000 | 7,539 |
New York State Dormitory Auth. Rev. (State Univ.) | 7.500% | 5/15/13 | 13,380 | 15,514 |
New York State Dormitory Auth. Rev. Non State Supported Debt | | | | |
(Long Island Jewish Obligated Group) | 1.042% | 5/1/18 | 23,090 | 20,637 |
New York State Dormitory Auth. Rev. Non State Supported Debt (New York Univ. Hosp.) | 5.250% | 7/1/24 | 3,955 | 4,129 |
New York State Dormitory Auth. Rev. Non State Supported Debt (New York Univ. Hosp.) | 5.625% | 7/1/37 | 8,750 | 9,071 |
New York State Dormitory Auth. Rev. State Supported Debt (State Univ. Dormitory Fac.) | 5.000% | 7/1/35 | 2,000 | 2,131 |
New York State Dormitory Auth. Rev. State Supported Debt (State Univ. Dormitory Fac.) | 5.000% | 7/1/40 | 4,000 | 4,242 |
New York State Environmental Fac. Corp. Rev. (Clean Water & Drinking Revolving Funds) | 5.000% | 10/15/35 | 5,815 | 6,185 |
New York State GO | 5.000% | 2/1/30 | 3,000 | 3,296 |
New York State Housing Finance Agency Rev. (Nursing Home & Health Care) | 4.900% | 11/1/10 (14) | 6,410 | 6,411 |
New York State Housing Finance Agency Rev. (Nursing Home & Health Care) | 5.000% | 11/1/11 (14) | 5,770 | 5,784 |
New York State Housing Finance Agency Rev. (Nursing Home & Health Care) | 5.100% | 11/1/12 (14) | 7,190 | 7,206 |
2 New York State Mortgage Agency Rev. TOB VRDO | 0.300% | 11/1/10 | 7,745 | 7,745 |
New York State Thruway Auth. Rev. (Highway & Bridge Trust Fund) | 5.500% | 4/1/20 (2) | 20,000 | 24,146 |
New York State Urban Dev. Corp. Rev. (Personal Income Tax) | 5.000% | 3/15/28 | 3,000 | 3,281 |
New York State Urban Dev. Corp. Rev. (Personal Income Tax) | 5.000% | 12/15/28 | 5,000 | 5,456 |
Niagara County NY IDA Solid Waste Disposal Rev. PUT | 5.450% | 11/15/12 | 16,000 | 16,503 |
Niagara County NY IDA Solid Waste Disposal Rev. PUT | 5.550% | 11/15/13 | 12,500 | 12,843 |
Niagara County NY IDA Solid Waste Disposal Rev. PUT | 5.625% | 11/15/14 | 3,000 | 3,076 |
Port Auth. of New York & New Jersey Rev. | 5.750% | 3/15/35 | 25,000 | 27,325 |
Port Auth. of New York & New Jersey Rev. | 5.000% | 9/15/36 | 6,000 | 6,463 |
Suffolk NY Tobacco Asset Securitization Corp. Rev. | 5.375% | 6/1/28 | 6,120 | 5,614 |
Suffolk NY Tobacco Asset Securitization Corp. Rev. | 0.000% | 6/1/44 | 4,500 | 3,854 |
Suffolk NY Tobacco Asset Securitization Corp. Rev. | 6.000% | 6/1/48 | 3,500 | 3,292 |
Ulster County NY IDA Rev. | 6.000% | 9/15/37 | 10,500 | 8,858 |
Ulster County NY IDA Rev. | 6.000% | 9/15/42 | 7,000 | 5,828 |
Westchester County NY Health Care Corp. Rev. | 5.875% | 11/1/25 | 11,500 | 11,501 |
Westchester County NY Health Care Corp. Rev. | 6.000% | 11/1/30 | 20,000 | 20,002 |
| | | | 706,738 |
North Carolina (1.3%) | | | | |
Charlotte-Mecklenberg NC Hosp. Auth. Rev. (Healthcare System Rev.) | 5.250% | 1/15/39 | 2,500 | 2,650 |
Charlotte-Mecklenberg NC Hosp. Auth. Rev. (Healthcare System Rev.) | 5.000% | 1/15/47 | 8,000 | 8,194 |
Mecklenburg County NC GO | 5.000% | 8/1/14 | 2,450 | 2,820 |
New Hanover County NC Hosp. Rev. (New Hanover Regional Medical Center) | 5.125% | 10/1/31 (4) | 2,500 | 2,640 |
North Carolina Capital Fac. Financial Solid Waste Disposal Rev. (Duke Energy) | 4.625% | 11/1/40 | 11,000 | 10,704 |
North Carolina Eastern Muni. Power Agency Power Systems Rev. | 5.000% | 1/1/23 | 5,250 | 5,782 |
North Carolina Eastern Muni. Power Agency Rev. | 5.375% | 1/1/13 | 7,455 | 8,077 |
North Carolina Eastern Muni. Power Agency Rev. | 5.500% | 1/1/16 | 3,000 | 3,243 |
North Carolina Eastern Muni. Power Agency Rev. | 5.500% | 1/1/17 | 2,000 | 2,162 |
North Carolina Eastern Muni. Power Agency Rev. | 5.000% | 1/1/26 | 5,000 | 5,342 |
North Carolina Housing Finance Agency Homeownership Rev. | 5.500% | 1/1/38 | 2,745 | 2,901 |
North Carolina Housing Finance Agency Homeownership Rev. | 5.500% | 7/1/38 | 7,055 | 7,592 |
North Carolina Medical Care Comm. Health Care Fac. (Pennbyrn) | 6.125% | 10/1/35 | 9,500 | 7,908 |
North Carolina Medical Care Comm. Health Care Fac. (Salemtowne) | 5.000% | 10/1/23 | 1,850 | 1,773 |
North Carolina Medical Care Comm. Health Care Fac. (Salemtowne) | 5.100% | 10/1/30 | 1,155 | 1,054 |
North Carolina Medical Care Comm. Health Care Fac. Rev. | | | | |
(Deerfield Episcopal Retirement Community) | 6.125% | 11/1/38 | 4,500 | 4,567 |
North Carolina Medical Care Comm. Hosp. (North Carolina Baptist Hosp.) | 5.250% | 6/1/29 | 10,000 | 10,797 |
110
High-Yield Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
North Carolina Medical Care Comm. Retirement Fac. Rev. (Givens Estates) | 5.000% | 7/1/27 | 2,750 | 2,704 |
North Carolina Medical Care Comm. Retirement Fac. Rev. (Givens Estates) | 5.000% | 7/1/33 | 3,000 | 2,848 |
| | | | 93,758 |
Ohio (3.2%) | | | | |
Allen County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.250% | 9/1/27 | 10,000 | 10,931 |
American Muni. Power Ohio Inc. Rev. (Electricity Purchase) | 5.000% | 2/1/12 | 11,500 | 12,115 |
American Muni. Power Ohio Inc. Rev. (Electricity Purchase) | 5.000% | 2/1/13 | 7,000 | 7,526 |
American Muni. Power Ohio Inc. Rev. (Prairie State Energy Campus Project) | 5.000% | 2/15/38 | 17,000 | 17,342 |
Bowling Green State Univ. Ohio Student Housing Rev. (State Univ. Project) | 5.750% | 6/1/31 | 5,000 | 5,085 |
Buckeye OH Tobacco Settlement Financing Corp. Rev. | 5.125% | 6/1/24 | 43,100 | 37,521 |
Buckeye OH Tobacco Settlement Financing Corp. Rev. | 5.875% | 6/1/30 | 17,585 | 14,753 |
Buckeye OH Tobacco Settlement Financing Corp. Rev. | 5.750% | 6/1/34 | 29,195 | 23,176 |
Buckeye OH Tobacco Settlement Financing Corp. Rev. | 0.000% | 6/1/37 | 5,000 | 3,465 |
Buckeye OH Tobacco Settlement Financing Corp. Rev. | 5.875% | 6/1/47 | 7,300 | 5,559 |
Ohio Building Auth. Rev. | 5.000% | 10/1/19 | 4,705 | 5,519 |
Ohio Building Auth. Rev. | 5.000% | 10/1/23 | 2,000 | 2,262 |
Ohio Building Auth. Rev. | 5.000% | 10/1/23 | 5,740 | 6,492 |
Ohio Building Auth. Rev. | 5.000% | 10/1/24 | 4,000 | 4,484 |
Ohio Common Schools GO | 4.500% | 9/15/25 | 9,850 | 10,296 |
Ohio GO | 4.500% | 9/15/22 (14) | 2,030 | 2,166 |
Ohio Higher Educ. Fac. Comm. Rev. (Denison Univ.) | 5.000% | 11/1/32 | 3,595 | 3,842 |
Ohio Higher Educ. Fac. Comm. Rev. (Univ. Hosp. Health System) | 5.250% | 1/15/46 | 12,000 | 12,164 |
Ohio State Hosp. Rev. (Cleveland Clinic Health System Obligated Group) | 5.500% | 1/1/39 | 11,750 | 12,654 |
Ohio Water Dev. Auth. PCR (FirstEnergy Generation Corp. Project) VRDO | 0.300% | 11/1/10 LOC | 2,500 | 2,500 |
Ohio Water Dev. Auth. Rev. | 5.000% | 6/1/20 | 5,000 | 5,963 |
Scioto County OH Marine Terminal Fac. (Norfolk Southern Corp.) | 5.300% | 8/15/13 | 14,750 | 14,785 |
Univ. of Akron OH General Receipts Rev. | 5.000% | 1/1/26 (4) | 5,000 | 5,392 |
Univ. of Akron OH General Receipts Rev. | 5.000% | 1/1/28 (4) | 2,500 | 2,665 |
| | | | 228,657 |
Oklahoma (0.5%) | | | | |
Oklahoma Housing Finance Agency Single Family Mortgage Rev. Homeownership Loan Program | 5.750% | 9/1/36 | 4,090 | 4,455 |
Oklahoma Housing Finance Agency Single Family Mortgage Rev. Homeownership Loan Program | 5.800% | 9/1/37 | 3,250 | 3,535 |
Oklahoma Housing Finance Agency Single Family Mortgage Rev. Homeownership Loan Program | 5.875% | 9/1/37 | 4,470 | 4,891 |
Oklahoma Housing Finance Agency Single Family Mortgage Rev. Homeownership Loan Program | 5.950% | 9/1/37 | 6,945 | 7,675 |
Oklahoma State Capitol Improvement Auth. Fac. Rev. | 5.000% | 7/1/15 (2)(Prere.) | 4,250 | 4,982 |
Oklahoma State Capitol Improvement Auth. Fac. Rev. | 5.000% | 7/1/15 (2)(Prere.) | 4,510 | 5,286 |
Oklahoma State Muni Power Auth. Power Supply System Rev. | 6.000% | 1/1/38 | 4,500 | 4,985 |
| | | | 35,809 |
Oregon (0.3%) | | | | |
Clackamas County OR Hosp. Fac. Auth. Rev. (Legacy Health System) | 5.250% | 5/1/21 | 4,900 | 4,994 |
Oregon Health Sciences Univ. Rev. | 5.750% | 7/1/39 | 6,750 | 7,355 |
Oregon State Dept. Administrative Services | 5.250% | 4/1/25 | 6,040 | 6,914 |
| | | | 19,263 |
Pennsylvania (3.5%) | | | | |
Allegheny County PA Airport Rev. (Pittsburgh International Airport) | 5.750% | 1/1/11 (14) | 6,000 | 6,032 |
Allegheny County PA GO | 5.000% | 11/1/29 | 5,015 | 5,383 |
Allegheny County PA Hosp. Dev. Auth. Rev. (Univ. of Pittsburgh Medical Center) | 5.000% | 5/15/18 | 7,500 | 8,533 |
Beaver County PA IDA PCR (Atlantic Richfield) VRDO | 0.320% | 11/5/10 | 16,500 | 16,500 |
Delaware County PA IDA PCR (PECO Energy Co.) | 4.000% | 12/1/12 | 15,000 | 15,708 |
Geisinger Health System Auth. of Pennsylvania Rev. (Penn State Geisinger Health System) | 5.250% | 6/1/39 | 5,000 | 5,264 |
Lancaster County PA Hosp. Auth. Rev. (Brethren VLG Project) | 6.250% | 7/1/26 | 1,250 | 1,268 |
Lancaster County PA Hosp. Auth. Rev. (Brethren VLG Project) | 6.375% | 7/1/30 | 1,000 | 1,004 |
Lancaster County PA Hosp. Auth. Rev. (Brethren VLG Project) | 6.500% | 7/1/40 | 2,750 | 2,735 |
Lebanon County PA Health Fac. Auth. (Pleasant View Retirement) | 5.125% | 12/15/20 | 1,000 | 975 |
Lebanon County PA Health Fac. Auth. (Pleasant View Retirement) | 5.300% | 12/15/26 | 500 | 477 |
Montgomery County PA IDA Auth. Retirement Community Rev. | | | | |
(ACTS Retirement - Life Communities Obligated Group) | 5.000% | 11/15/22 | 3,000 | 3,038 |
Northampton County PA General Purpose Auth. Univ. Rev. (Saint Lukes Hosp. Project) | 5.500% | 8/15/35 | 5,000 | 5,092 |
Northampton County PA General Purpose Auth. Univ. Rev. (Saint Lukes Hosp. Project) | 5.500% | 8/15/40 | 6,500 | 6,590 |
Pennsylvania Econ. Dev. Auth. Rev. (Colver Project) | 5.000% | 12/1/14 (2) | 6,000 | 5,947 |
Pennsylvania Econ. Dev. Auth. Rev. (Colver Project) | 5.000% | 12/1/15 (2) | 3,500 | 3,440 |
Pennsylvania Econ. Dev. Auth. Rev. (Colver Project) | 4.625% | 12/1/18 (2) | 10,500 | 10,005 |
Pennsylvania Econ. Dev. Financing Auth. Fac. Rev. (Reliant Energy Seward Project) | 6.750% | 12/1/36 | 7,280 | 7,498 |
2 Pennsylvania Housing Finance Agency TOB VRDO | 0.370% | 11/5/10 | 3,875 | 3,875 |
Pennsylvania State Univ. Rev. | 5.000% | 3/1/40 | 5,000 | 5,374 |
Pennsylvania Turnpike Comm. Rev. | 5.000% | 6/1/25 (12) | 9,550 | 10,361 |
Pennsylvania Turnpike Comm. Rev. | 5.000% | 6/1/26 (12) | 10,040 | 10,900 |
Pennsylvania Turnpike Comm. Rev. | 5.000% | 6/1/27 (12) | 6,865 | 7,354 |
1 Philadelphia PA Airport Rev. | 5.000% | 6/15/17 | 10,000 | 10,861 |
Philadelphia PA IDA Rev. (Philadelphia Airport System) | 5.400% | 7/1/22 (14) | 10,000 | 10,142 |
Philadelphia PA Muni. Auth. Rev. | 5.250% | 11/15/14 (4) | 10,000 | 10,944 |
111
High-Yield Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Philadelphia PA School Dist. GO | 6.000% | 9/1/38 | 13,000 | 14,177 |
Philadelphia PA Water & Waste Water Rev. | 7.000% | 6/15/11 (14) | 21,500 | 22,298 |
Sayre PA Health Care Fac. Auth. Rev. (Guthrie Health Care System) | 0.849% | 12/1/17 | 33,875 | 31,281 |
Wilkes-Barre PA Finance Auth. Rev. (Univ. of Scranton Project) | 5.000% | 11/1/40 | 3,500 | 3,580 |
| | | | 246,636 |
Puerto Rico (3.7%) | | | | |
Puerto Rico Aqueduct & Sewer Auth. Rev. | 0.000% | 7/1/24 | 25,000 | 26,309 |
Puerto Rico Electric Power Auth. Rev. | 5.250% | 7/1/33 | 15,000 | 15,584 |
Puerto Rico Electric Power Auth. Rev. | 5.500% | 7/1/38 | 10,150 | 10,667 |
Puerto Rico Highway & Transp. Auth. Rev. | 5.250% | 7/1/39 (3) | 20,000 | 20,601 |
Puerto Rico Infrastructure Financing Auth. Special Tax Rev. | 5.500% | 7/1/24 (2) | 12,245 | 13,406 |
Puerto Rico Infrastructure Financing Auth. Special Tax Rev. | 5.000% | 7/1/46 | 5,000 | 4,923 |
Puerto Rico Muni. Finance Agency | 5.250% | 8/1/18 (4) | 23,570 | 26,485 |
Puerto Rico Public Buildings Auth. Govt. Fac. Rev. | 5.250% | 7/1/14 (Prere.) | 365 | 420 |
Puerto Rico Public Buildings Auth. Govt. Fac. Rev. | 5.375% | 7/1/14 (Prere.) | 17,200 | 19,879 |
Puerto Rico Public Buildings Auth. Govt. Fac. Rev. | 5.500% | 7/1/14 (Prere.) | 17,040 | 19,771 |
Puerto Rico Public Buildings Auth. Govt. Fac. Rev. PUT | 5.000% | 7/1/12 (2) | 33,000 | 34,375 |
Puerto Rico Public Finance Corp. PUT | 5.750% | 2/1/12 LOC | 34,000 | 35,389 |
Puerto Rico Sales Tax Financing Corp. Rev. | 0.000% | 8/1/38 | 57,495 | 10,279 |
Puerto Rico Sales Tax Financing Corp. Rev. | 6.500% | 8/1/44 | 18,000 | 20,721 |
Puerto Rico Sales Tax Financing Corp. Rev. | 0.000% | 8/1/54 (2) | 62,390 | 3,956 |
Puerto Rico Sales Tax Financing Corp. Rev. | 0.000% | 8/1/56 | 33,000 | 1,859 |
| | | | 264,624 |
Rhode Island (0.1%) | | | | |
Rhode Island Health & Educ. Building Corp. Rev. (Brown Univ.) | 5.000% | 9/1/37 | 10,000 | 10,550 |
|
South Carolina (2.1%) | | | | |
Charleston SC Educ. Excellence Financing Corp. Rev. | 5.000% | 12/1/27 | 10,120 | 10,843 |
Charleston SC Educ. Excellence Financing Corp. Rev. | 5.250% | 12/1/29 | 18,400 | 19,665 |
Charleston SC Educ. Excellence Financing Corp. Rev. (Charleston County School Dist.) | 5.250% | 12/1/25 | 5,000 | 5,430 |
Greenville County SC School Dist. GO | 5.000% | 12/1/27 | 21,000 | 22,242 |
Lancaster County SC Assessment Rev. | 5.450% | 12/1/37 | 1,460 | 1,241 |
Lexington County SC Health Services Dist. Inc. Hosp. Rev. | 5.000% | 11/1/32 | 11,750 | 11,937 |
Piedmont SC Muni. Power Agency Rev. | 5.250% | 1/1/19 | 14,565 | 16,385 |
Richland County SC (International Paper) | 6.100% | 4/1/23 | 12,750 | 13,073 |
South Carolina Jobs Econ. Dev. Auth. Health Care Fac. Rev. (Lutheran Homes) | 5.375% | 5/1/21 | 1,500 | 1,439 |
South Carolina Jobs Econ. Dev. Auth. Health Care Fac. Rev. (Lutheran Homes) | 5.500% | 5/1/28 | 1,100 | 986 |
South Carolina Jobs Econ. Dev. Auth. Health Care Fac. Rev. (Lutheran Homes) | 5.625% | 5/1/42 | 1,000 | 859 |
South Carolina Jobs Econ. Dev. Auth. Hosp. Improvement Rev. (Palmetto Health Alliance) | 7.375% | 12/15/10 (Prere.) | 19,500 | 20,067 |
South Carolina Jobs Econ. Dev. Auth. Rev. (Anmed Health ) | 5.500% | 2/1/38 (12) | 5,000 | 5,313 |
South Carolina Public Service Auth. Rev. | 5.250% | 1/1/34 | 6,000 | 6,531 |
South Carolina Public Service Auth. Rev. | 5.500% | 1/1/38 | 15,000 | 16,654 |
| | | | 152,665 |
South Dakota (0.1%) | | | | |
South Dakota Health & Educ. Fac. Auth. Rev. (Sanford Health) | 5.500% | 11/1/40 | 6,000 | 6,220 |
|
Tennessee (2.3%) | | | | |
Jackson TN Hosp. Rev. (Jackson Madison Hosp.) | 5.625% | 4/1/38 | 6,650 | 6,806 |
Memphis TN Electric System Rev. | 5.000% | 12/1/13 (14)(Prere.) | 20,000 | 22,527 |
Memphis-Shelby County TN Airport Auth. Rev. | 6.000% | 3/1/24 (2) | 2,620 | 2,639 |
Metro. Govt. of Nashville & Davidson County TN GO | 5.500% | 10/15/16 (3) | 4,310 | 4,505 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 9/1/14 | 25,370 | 27,407 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 9/1/15 | 20,495 | 21,939 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 2/1/19 | 25,865 | 27,224 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.250% | 9/1/19 | 5,680 | 5,995 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 2/1/20 | 10,000 | 10,444 |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 2/1/27 | 5,000 | 5,055 |
Tennessee GO | 5.000% | 8/1/14 | 2,875 | 3,304 |
Tennessee Housing Dev. Agency (Homeownership Program) | 5.750% | 1/1/37 | 9,400 | 9,999 |
Tennessee Housing Dev. Agency (Homeownership Program) | 5.750% | 7/1/37 | 12,550 | 13,286 |
| | | | 161,130 |
Texas (8.8%) | | | | |
Brazos River TX Harbor Individual Dev. Corp. Environmental Fac. Rev. PUT | 5.900% | 5/1/28 | 10,000 | 10,305 |
Brazos River TX Harbor Navigation Dist. Brazoria County Environmental (Dow Chemical Co. Project) | 5.950% | 5/15/33 | 15,000 | 15,540 |
Central Texas Regional Mobility Auth. Rev. | 0.000% | 1/1/32 | 4,090 | 1,036 |
Central Texas Regional Mobility Auth. Rev. | 0.000% | 1/1/33 | 3,000 | 708 |
Harris County TX Flood Control Dist. Rev. | 5.000% | 10/1/34 | 10,000 | 10,770 |
Harris County TX GO | 0.000% | 10/1/13 (14) | 9,630 | 9,334 |
Harris County TX Toll Road Rev. | 5.000% | 8/15/33 | 6,000 | 6,350 |
Houston TX Airport System Rev. | 5.000% | 7/1/18 (14) | 5,915 | 6,686 |
Houston TX Airport System Rev. | 5.500% | 7/1/39 | 5,000 | 5,404 |
112
High-Yield Tax-Exempt Fund
| | | | |
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Houston TX Util. System Rev. | 5.500% | 11/15/26 (12) | 12,010 | 13,915 |
Houston TX Util. System Rev. | 5.500% | 11/15/27 (12) | 11,415 | 13,097 |
Lone Star College TX System Rev. | 5.000% | 8/15/27 | 3,450 | 3,850 |
Lower Colorado River Auth. Texas Rev. | 5.000% | 5/15/30 | 5,000 | 5,320 |
1 Lower Colorado River Auth. Texas Rev. | 5.000% | 5/15/30 | 8,935 | 9,333 |
1 Lower Colorado River Auth. Texas Rev. | 5.000% | 5/15/35 | 7,440 | 7,738 |
Lower Colorado River Auth. Texas Rev. | 5.500% | 5/15/36 | 10,000 | 10,725 |
Lower Colorado River Auth. Texas Rev. | 5.625% | 5/15/39 | 5,000 | 5,416 |
Lower Colorado River Auth. Texas Rev. | 5.000% | 5/15/40 | 6,000 | 6,221 |
Lubbock TX Independent School Dist. | 5.750% | 2/15/42 (12) | 4,500 | 4,895 |
Matagorda County TX Navigation Dist. PCR (Centerpoint Energy) | 5.600% | 3/1/27 | 7,500 | 7,600 |
Mesquite TX Health Fac. Dev. Christian Care Center Rev. | 5.500% | 2/15/25 | 2,100 | 2,083 |
Mesquite TX Health Fac. Dev. Christian Care Center Rev. | 5.625% | 2/15/35 | 3,195 | 3,066 |
Mission TX Econ. Dev. Corp. Solid Waste Disposal Rev. (Allied Waste Inc. Project) | 5.200% | 4/1/18 | 4,000 | 4,052 |
North Texas Tollway Auth. Rev. | 6.250% | 2/1/23 | 20,000 | 21,236 |
North Texas Tollway Auth. Rev. | 6.000% | 1/1/28 | 9,040 | 10,102 |
North Texas Tollway Auth. Rev. | 6.125% | 1/1/31 | 12,000 | 12,947 |
North Texas Tollway Auth. Rev. | 5.625% | 1/1/33 | 31,145 | 33,192 |
North Texas Tollway Auth. Rev. | 5.750% | 1/1/38 | 44,000 | 46,372 |
North Texas Tollway Auth. Rev. | 6.250% | 1/1/39 | 15,480 | 17,114 |
North Texas Univ. Rev. | 5.000% | 4/15/29 | 7,590 | 8,318 |
Sabine River Auth. Texas PCR (Southwestern Elec. Co.) | 4.950% | 3/1/18 (14) | 6,840 | 7,347 |
San Antonio TX Electric & Gas Rev. | 5.000% | 2/1/17 (ETM) | 2,460 | 2,715 |
Southwest Texas Higher Educ. Auth. Inc. Rev. (Southern Methodist Univ.) | 5.000% | 10/1/25 | 4,000 | 4,463 |
Southwest Texas Higher Educ. Auth. Inc. Rev. (Southern Methodist Univ.) | 5.000% | 10/1/26 | 3,815 | 4,226 |
Southwest Texas Higher Educ. Auth. Inc. Rev. (Southern Methodist Univ.) | 5.000% | 10/1/27 | 2,000 | 2,199 |
Southwest Texas Higher Educ. Auth. Inc. Rev. (Southern Methodist Univ.) | 5.000% | 10/1/28 | 2,250 | 2,458 |
Southwest Texas Higher Educ. Auth. Inc. Rev. (Southern Methodist Univ.) | 5.000% | 10/1/29 | 2,350 | 2,539 |
Southwest Texas Higher Educ. Auth. Inc. Rev. (Southern Methodist Univ.) | 5.000% | 10/1/41 | 5,000 | 5,243 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Hosp. Rev. | | | | |
(Scott and White Memorial Hosp. and Scott, Sherwood and Brindley Foundation Project) | 5.250% | 8/15/28 | 4,000 | 4,129 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Hosp. Rev. | | | | |
(SQLC Senior Living Center, Mirador Project) | 6.250% | 11/15/14 | 5,000 | 5,018 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Hosp. Rev. | | | | |
(SQLC Senior Living Center, Mirador Project) | 7.250% | 11/15/16 | 4,000 | 4,066 |
Tarrant County TX Cultural Educ. Fac. Finance Corp. Hosp. Rev. | | | | |
(Tarrant County Senior Living Center, Staton at Museum Way Project) | 8.250% | 11/15/44 | 10,000 | 10,113 |
Texas Dept. of Housing & Community Affairs Single Family Rev. | 5.625% | 3/1/39 | 6,150 | 6,613 |
Texas Dept. of Housing & Community Affairs Single Mortgage Rev. VRDO | 0.280% | 11/5/10 | 25,000 | 25,000 |
Texas Muni. Gas Acquisition & Supply Corp. Rev. | 0.750% | 11/5/10 | 5,000 | 4,787 |
Texas Muni. Gas Acquisition & Supply Corp. Rev. | 0.896% | 9/15/17 | 34,730 | 32,877 |
Texas Muni. Gas Acquisition & Supply Corp. Rev. | 5.250% | 12/15/17 | 8,400 | 8,964 |
Texas Muni. Gas Acquisition & Supply Corp. Rev. | 5.250% | 12/15/19 | 22,500 | 23,623 |
Texas Muni. Gas Acquisition & Supply Corp. Rev. | 5.250% | 12/15/20 | 22,500 | 23,476 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/16 (14)(ETM) | 280 | 253 |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/17 (14) | 58,660 | 47,573 |
Texas Private Activity Surface Transp. Corp. Rev. | 7.500% | 12/31/31 | 3,705 | 4,241 |
Texas Private Activity Surface Transp. Corp. Rev. | 7.500% | 6/30/32 | 20,000 | 22,789 |
Texas Private Activity Surface Transp. Corp. Rev. | 7.500% | 6/30/33 | 10,000 | 11,379 |
Texas Private Activity Surface Transp. Corp. Rev. | 6.875% | 12/31/39 | 5,000 | 5,426 |
Texas State Transp. Comm. First Tier PUT | 5.000% | 2/15/11 | 10,000 | 10,102 |
Texas Tech Univ. Rev. Refunding & Improvement | 5.000% | 2/15/26 | 6,865 | 7,616 |
Texas Tech Univ. Rev. Refunding & Improvement | 5.000% | 2/15/27 | 6,125 | 6,753 |
Texas Turnpike Auth. Dallas Northway Rev. (President George Bush Turnpike) | 0.000% | 1/1/11 (ETM) | 7,000 | 6,995 |
Texas Water Finance Assistance GO | 5.750% | 8/1/31 | 1,745 | 1,801 |
Univ. of Texas Rev. Finance Systems | 5.000% | 8/15/19 | 3,125 | 3,745 |
| | | | 621,254 |
Utah (0.2%) | | | | |
Intermountain Power Agency Utah Power Supply Rev. | 5.250% | 7/1/20 | 11,000 | 11,992 |
|
Virgin Islands (0.3%) | | | | |
Virgin Islands Public Finance Auth. Rev. | 6.375% | 10/1/19 | 10,000 | 10,121 |
Virgin Islands Public Finance Auth. Rev. | 5.000% | 10/1/25 | 3,400 | 3,521 |
Virgin Islands Public Finance Auth. Rev. | 5.000% | 10/1/29 | 2,000 | 2,039 |
Virgin Islands Public Finance Auth. Rev. | 5.000% | 10/1/29 | 6,000 | 6,056 |
Virgin Islands Public Finance Auth. Rev. | 5.000% | 10/1/39 | 2,000 | 1,991 |
| | | | 23,728 |
Virginia (1.2%) | | | | |
2 Alexandria VA Redev. & Housing Auth. Rev. (Portals West) | 7.250% | 10/1/31 | 5,300 | 5,316 |
2 Alexandria VA Redev. & Housing Auth. Rev. (Portals West) | 8.250% | 4/1/32 | 475 | 480 |
2 Chesterfield County VA Mortgage Rev. (Brandermill Woods) | 6.500% | 1/1/28 | 13,219 | 12,024 |
113
| | | | |
High-Yield Tax-Exempt Fund | | | | |
|
|
|
|
| | | Face | Market |
| | Maturity | Amount | Value• |
| Coupon | Date | ($000) | ($000) |
Fairfax County VA Econ. Dev. Auth. Residential Care Fac. Rev. (Goodwin House Inc.) | 5.000% | 10/1/22 | 4,000 | 4,159 |
Fairfax County VA Econ. Dev. Auth. Residential Care Fac. Rev. (Goodwin House Inc.) | 5.000% | 10/1/27 | 1,875 | 1,909 |
Fairfax County VA Econ. Dev. Auth. Residential Care Fac. Rev. (Goodwin House Inc.) | 5.125% | 10/1/37 | 5,000 | 4,989 |
Henrico County VA Econ. Dev. Auth. Rev. (Bon Secours Health System) | 5.600% | 11/15/12 (Prere.) | 315 | 347 |
Henrico County VA Econ. Dev. Auth. Rev. (Bon Secours Health System) | 5.250% | 11/1/42 (12) | 5,000 | 5,238 |
Louisa VA IDA Solid Waste & Sewer Disposal Rev. (Virginia Electric & Power Co.) PUT | 5.375% | 12/1/10 | 14,500 | 15,849 |
Lynchburg VA IDA Healthcare Fac. Rev. (Centra Health) | 5.200% | 1/1/18 | 515 | 515 |
Roanoke VA Econ. Dev. Auth. Hosp. Rev. (Carilion Health System) | 5.000% | 7/1/33 | 6,000 | 6,078 |
Stafford County VA Econ. Dev. Auth. Hosp. Fac. Rev. (Medicorp Health System) | 5.250% | 6/15/37 | 13,100 | 13,252 |
Tobacco Settlement Financing Corp. Virginia Rev. | 5.625% | 6/1/15 (Prere.) | 10,000 | 11,915 |
Tobacco Settlement Financing Corp. Virginia Rev. | 0.000% | 6/1/46 | 9,500 | 6,035 |
| | | | 88,106 |
Washington (1.6%) | | | | |
Chelan County WA Public Util. Dist. (Rock Island Hydro) | 0.000% | 6/1/11 (14) | 11,400 | 11,335 |
Chelan County WA Public Util. Dist. (Rock Island Hydro) | 0.000% | 6/1/12 (14) | 19,650 | 19,231 |
Port of Seattle WA GO | 5.000% | 11/1/10 (4) | 6,675 | 6,677 |
Port of Seattle WA Rev. | 5.000% | 6/1/30 | 9,000 | 9,600 |
Washington GO | 5.000% | 1/1/18 | 6,910 | 8,202 |
Washington GO | 5.000% | 1/1/19 | 6,150 | 7,310 |
Washington GO | 5.000% | 7/1/19 | 10,000 | 11,929 |
Washington GO (Motor Vehicle Fuel Tax) | 5.000% | 7/1/20 | 10,000 | 11,932 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.500% | 8/15/38 (4) | 9,895 | 10,426 |
Washington Health Care Fac. Auth. (Multicare Health System) | 5.500% | 8/15/43 (12) | 10,000 | 10,476 |
Washington Higher Educ. Fac. Auth. (Seattle Pacific Univ.) | 5.250% | 5/1/34 | 5,000 | 5,198 |
| | | | 112,316 |
West Virginia (0.6%) | | | | |
Mason County WV PCR Appalachian Power Co. Project | 5.500% | 10/1/22 | 20,000 | 20,248 |
Pleasants County WV Pollution Control Rev. | 5.250% | 10/15/37 | 17,205 | 17,225 |
West Virginia Econ. Dev. Auth. PCR (Solid Waste Disposal) | 5.375% | 12/1/38 | 2,500 | 2,540 |
West Virginia Hosp. Finance Auth. Rev. (Charleston Medical Center) | 5.625% | 9/1/32 | 6,000 | 6,291 |
| | | | 46,304 |
Wisconsin (1.6%) | | | | |
Wisconsin GO | 6.000% | 5/1/27 | 17,000 | 20,021 |
Wisconsin GO | 6.250% | 5/1/37 | 20,000 | 23,092 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Aurora Health Care Inc.) | 5.625% | 4/15/39 | 11,560 | 12,046 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Beaver Dam Community Hosp.) | 6.750% | 8/15/34 | 3,500 | 3,534 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Children’s Hosp. of Wisconsin) | 5.375% | 8/15/37 | 5,000 | 5,317 |
Wisconsin Health & Educ. Fac. Auth. Rev. (Ministry Health Care) | 5.000% | 8/15/17 | 7,240 | 7,960 |
Wisconsin Health & Educ. Fac. Auth. Rev. (SSM Health Care) | 5.250% | 6/1/34 | 10,000 | 10,651 |
Wisconsin Health & Educ. Fac. Auth. Rev. (St. Johns Community Inc.) | 7.625% | 9/15/39 | 1,000 | 1,054 |
Wisconsin Housing & Econ. Dev. Auth. Home Ownership Rev. VRDO | 0.500% | 11/5/10 | 23,820 | 23,820 |
Wisconsin Housing & Econ. Dev. Auth. Home Ownership Rev. VRDO | 0.500% | 11/5/10 | 7,595 | 7,595 |
| | | | 115,090 |
Total Tax-Exempt Municipal Bonds (Cost $6,754,104) | | | | 7,007,771 |
|
| | | Shares | |
Temporary Cash Investment (0.5%) | | | | |
Money Market Fund (0.5%) | | | | |
5 Vanguard Municipal Cash Management Fund (Cost $36,005) | 0.265% | | 36,004,839 | 36,005 |
Total Investments (99.3%) (Cost $6,790,109) | | | | 7,043,776 |
Other Assets and Liabilities (0.7%) | | | | |
Other Assets | | | | 168,565 |
Liabilities | | | | (121,472) |
| | | | 47,093 |
Net Assets (100%) | | | | 7,090,869 |
114
| |
High-Yield Tax-Exempt Fund | |
|
|
|
|
At October 31, 2010, net assets consisted of: | |
| Amount |
| ($000) |
Paid-in Capital | 7,038,653 |
Undistributed Net Investment Income | — |
Accumulated Net Realized Losses | (201,961) |
Unrealized Appreciation (Depreciation) | |
Investment Securities | 253,667 |
Futures Contracts | 510 |
Net Assets | 7,090,869 |
|
Investor Shares—Net Assets | |
Applicable to 174,303,513 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,860,653 |
Net Asset Value Per Share—Investor Shares | $10.67 |
|
Admiral Shares—Net Assets | |
Applicable to 489,959,875 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 5,230,216 |
Net Asset Value Per Share—Admiral Shares | $10.67 |
• See Note A in Notes to Financial Statements.
1 Security purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of October 31, 2010.
2 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2010, the aggregate value of these securities was $48,390,000, representing 0.7% of net assets.
3 Non-income producing. Security failed to make last scheduled interest payment.
4 Securities with a value of $2,384,000 have been segregated as initial margin for open futures contracts.
5 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
For key to abbreviations and other references, see back cover.
See accompanying Notes, which are an integral part of the Financial Statements.
115
Key to Abbreviations
ARS—Auction Rate Security.
BAN—Bond Anticipation Note.
COP—Certificate of Participation.
CP—Commercial Paper.
FR—Floating Rate.
GAN—Grant Anticipation Note.
GO—General Obligation Bond.
IDA—Industrial Development Authority Bond.
IDR—Industrial Development Revenue Bond.
PCR—Pollution Control Revenue Bond.
PUT—Put Option Obligation.
RAN—Revenue Anticipation Note.
TAN—Tax Anticipation Note.
TOB—Tender Option Bond.
TRAN—Tax Revenue Anticipation Note.
UFSD—Union Free School District.
USD—United School District.
VRDO—Variable Rate Demand Obligation.
VRDP—Variable Rate Demand Preferred.
(ETM)—Escrowed to Maturity.
(Prere.)—Prerefunded.
Scheduled principal and interest payments are guaranteed by:
(1) MBIA (Municipal Bond Investors Assurance).
(2) AMBAC (Ambac Assurance Corporation).
(3) FGIC (Financial Guaranty Insurance Company).
(4) AGM (Assured Guaranty Municipal Corporation).
(5) BIGI (Bond Investors Guaranty Insurance).
(6) Connie Lee Inc.
(7) FHA (Federal Housing Authority).
(8) CapMAC (Capital Markets Assurance Corporation).
(9) American Capital Access Financial Guaranty Corporation.
(10) XL Capital Assurance Inc.
(11) CIFG (CDC IXIS Financial Guaranty).
(12) Assured Guaranty Corp.
(13) Berkshire Hathaway Assurance Corp.
(14) National Public Finance Guarantee Corp.
The insurance does not guarantee the market value of the municipal bonds.
LOC—Scheduled principal and interest payments are guaranteed by bank letter of credit.
© 2010 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
F950 122010
Item 2: Code of Ethics. The Registrant has adopted a code of ethics that applies to the Registrant’s principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions. The Code of Ethics was amended during the reporting period covered by this report to make certain technical, non-material changes.
Item 3: Audit Committee Financial Expert. The following members of the Audit Committee have been determined by the Registrant’s Board of Trustees to be Audit Committee Financial Experts serving on its Audit Committee, and to be independent: Charles D. Ellis, Rajiv L. Gupta, JoAnn Heffernan Heisen, André F. Perold, and Alfred M. Rankin, Jr.
Item 4: Principal Accountant Fees and Services.
(a) Audit Fees.
Audit Fees of the Registrant
Fiscal Year Ended October 31, 2010: $154,000
Fiscal Year Ended October 31, 2009: $143,000
Aggregate Audit Fees of Registered Investment Companies in the Vanguard Group.
Fiscal Year Ended October 31, 2010: $3,607,060
Fiscal Year Ended October 31, 2009: $3,354,640
(b) Audit-Related Fees.
Fiscal Year Ended October 31, 2010: $791,350
Fiscal Year Ended October 31, 2009: $876,210
Includes fees billed in connection with assurance and related services provided to the Registrant, The Vanguard Group, Inc., Vanguard Marketing Corporation, and other registered investment companies in the Vanguard Group.
(c) Tax Fees.
Fiscal Year Ended October 31, 2010: $336,090
Fiscal Year Ended October 31, 2009: $423,070
Includes fees billed in connection with tax compliance, planning and advice services provided to the Registrant, The Vanguard Group, Inc., Vanguard Marketing Corporation, and other registered investment companies in the Vanguard Group and related to income and excise taxes.
(d) All Other Fees.
Fiscal Year Ended October 31, 2010: $16,000
Fiscal Year Ended October 31, 2009: $0
Includes fees billed for services related to risk management and privacy matters. Services were provided to the Registrant, The Vanguard Group, Inc., Vanguard Marketing Corporation, and other registered investment companies in the Vanguard Group.
(e) (1) Pre-Approval Policies. The policy of the Registrant’s Audit Committee is to consider and, if appropriate, approve before the principal accountant is engaged for such services, all specific audit and non-audit services provided to: (1) the Registrant; (2) The Vanguard Group, Inc.; (3) other entities controlled by The Vanguard Group, Inc. that provide ongoing services to the Registrant; and (4) other registered investment companies in the Vanguard Group. In making a determination, the Audit Committee considers whether the services are consistent with maintaining the principal accountant’s independence.
In the event of a contingency situation in which the principal accountant is needed to provide services in between scheduled Audit Committee meetings, the Chairman of the Audit Committee would be called on to consider and, if appropriate, pre-approve audit or permitted non-audit services in an amount sufficient to complete services through the next Audit Committee meeting, and to determine if such services would be consistent with maintaining the accountant’s independence. At the next scheduled Audit Committee meeting, services and fees would be presented to the Audit Committee for formal consideration, and, if appropriate, approval by the entire Audit Committee. The Audit Committee would again consider whether such services and fees are consistent with maintaining the principal accountant’s independence.
The Registrant’s Audit Committee is informed at least annually of all audit and non-audit services provided by the principal accountant to the Vanguard complex, whether such services are provided to: (1) the Registrant; (2) The Vanguard Group, Inc.; (3) other entities controlled by The Vanguard Group, Inc. that provide ongoing services to the Registrant; or (4) other registered investment companies in the Vanguard Group.
(2) No percentage of the principal accountant’s fees or services were approved pursuant to the waiver provision of paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.
(f) For the most recent fiscal year, over 50% of the hours worked under the principal accountant’s engagement were not performed by persons other than full-time, permanent employees of the principal accountant.
(g) Aggregate Non-Audit Fees.
Fiscal Year Ended October 31, 2010: $352,090
Fiscal Year Ended October 31, 2009: $423,070
Includes fees billed for non-audit services provided to the Registrant, The Vanguard Group, Inc., Vanguard Marketing Corporation, and other registered investment companies in the Vanguard Group.
(h) For the most recent fiscal year, the Audit Committee has determined that the provision of all non-audit services was consistent with maintaining the principal accountant’s independence.
Item 5: Audit Committee of Listed Registrants.
Not Applicable.
Item 6: Investments.
Not Applicable.
Item 7: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not Applicable.
Item 8: Portfolio Managers of Closed-End Management Investment Companies.
Not Applicable.
Item 9: Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not Applicable.
Item 10: Submission of Matters to a Vote of Security Holders.
Not Applicable.
Item 11: Controls and Procedures.
(a) Disclosure Controls and Procedures. The Principal Executive and Financial Officers concludedthat the Registrant's Disclosure Controls and Procedures are effective based on their evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.
(b) Internal Control Over Financial Reporting. There were no significant changes in Registrant’s Internal Control Over Financial Reporting or in other factors that could significantly affect this control subsequent to the date of the evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.
Item 12: Exhibits.
(a) Code of Ethics.
(b) Certifications.
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| |
| VANGUARD MUNICIPAL BOND FUNDS |
|
By: | /s/ F. WILLIAM MCNABB III* |
| F. WILLIAM MCNABB III |
| CHIEF EXECUTIVE OFFICER |
|
Date: December 20, 2010 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| |
| VANGUARD MUNICIPAL BOND FUNDS |
|
By: | /s/ F. WILLIAM MCNABB III* |
| F. WILLIAM MCNABB III |
| CHIEF EXECUTIVE OFFICER |
|
Date: December 20, 2010 |
| |
| VANGUARD MUNICIPAL BOND FUNDS |
|
By: | /s/ THOMAS J. HIGGINS* |
| THOMAS J. HIGGINS |
| CHIEF FINANCIAL OFFICER |
|
Date: December 20, 2010 |
* By: /s/ Heidi Stam
Heidi Stam, pursuant to a Power of Attorney filed on April 26, 2010, see file Number
33-53683, Incorporated by Reference.